Pacific Capital Bancorp (PCBC)

[ekocnam]

Its going to take a hit when the shares are delivered because some people just sell at the bid and walk the price down. If we can sell at the ask then it will help. There will be a R/S probably near the first of the year so they can get back on the big boards. Could be good in the long run bad in the short term. I got all I could get and plan to sell some and hold some. IMO I don't think it will go below .35/.30 but I am not the smartest guy in the room, just a jack leg trader. They may release some news around the distribution of the shares to ease the blow but only they know what is coming. The R/S is 20 to 1 so I would think they would want the PPS up over .50 to look more solid after the R/S. We will see if I have a good grasp on the situation or if I am full of shite. GLTA