from yahoo,ibcp,you don't want to participate?
"The IBCP game plan
15-Jan-11 11:55 pm
In my 44 years of investing I have seen this type of recapitalization plan many times. The plan works like this:
Company has a reverse stock split which reduces shares outstanding. Investment houses then wait for financial turn around quarter based on discussion with corporate management. Investment houses then start stock movement by purchasing the reduced shares outstanding. Company then announces turn around earnings with an upbeat forecast which causes stock to advance on heavy volume. Additional capital is then generated at a much higher price which further improves company's future outlook. Lastly, the investment houses feed their shared slowly into the market at the much higher stock price. My predicted stock price for IBCP is for around $11.00 to $13.00 per share by mid 2011. You will then see company sell additional shares to further recapitalize the bank's balance sheet which will improve financial outlook for IBCP even more.Good luck to all.
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The reason I need Good DD's :
