Midwest Banc Holdings Inc (fka MBHIQ)

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If the U.S. Treasury were to seek to convert all of the approximately $89.3 million in liquidation preference of the New Preferred Stock, the Company would be required to issue approximately 47.1 million shares of its Common Stock in such conversion, subject to any required anti-dilution adjustments.


"The entry of the U.S. Treasury into the exchange agreement is a positive development. Midwest appreciates Treasury's support and cooperation. Though we do not have commitments for new investment, our discussions with possible investors continue. The convertibility feature of the New Preferred Stock will facilitate these conversations."

We are the holding company for Midwest Bank and Trust Company, a half century old community bank with $3.4 billion in assets at December 31, 2009.

Once they announce investment the game changes dramatically. The big boyz gets in and we trade in a very different price range. I am thinking $2.

AIMHO