Integra Bank Corp (fka IBNKQ)

[Alyssa]

Created this board because this could be an interesting and lucrative bank play...still doing my homework...purchased a bunch yesterday at .66.

The bank wants to do a reverse split and it's all in the Proxy for their meeting to take place in May. The kicker is that there are only 20.9 shares outstanding and 18.9 million in the float currently, so a R/S would make the float incredibly tiny. From what I have gathered, the only reason they want to do the R/S is to preserve their listing on the Nasdaq, which is in jeopardy due to the low price of the stock. The split would be between 1 for 7 and 1 for 15 IF they go through with it, i.e., if it becomes necessary.

;)