This stock is a shell at this point - you are looking at 11.8MM shares and the main insiders own about a third if I remember correctly.
Someone has been accumulating this in the past couple of months quietly and the cheapies are gone. When I saw the ask go from around a dime to a quarter I knew it was going to get good.
I just kick myself as I talked myself out of getting 100k at 2 cents to average down to help me get out lower.
This stock is just representing a holding company, the bank was taken by the FDIC. Not sure what is going to happen to the big refund they are due, thought it was worth over $1/share. Hope the holding company gets it.
"It's going to be a great year!!!"- Lewis Skolnick - Revenge of the Nerds
All posts are my opinion - use your own discretion when buying and selling.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.