Bank of Granite Corporation (GRAN)

[ownprivateidaho]

The r/s 10 for 1


Both GRAN and FNBN have to be above $1 for 30 days
by mid September!!!

This DEAL is done sometime 3rd quarter..end of JULY!!!

Treasury will exchange their preferred shares with FNBN
common...which is why there will be enough shares for
GRAN 3.375 conversion....I am sooooo buying at lows
here and now...

.65 divided by 3.375 put FNBN price at .1925
.0325 cents above Carlyle and Oakhill cost of .16!