IEBS - 2,085,000 OS. Over $4 per share equity, cash on hand is 10 times their market cap, .02 EPS on the last Q. A small bank down with all the banks, that appears to be recovering nicely.
$10 per share 2 years ago, $1.50 last year, and .20 just a few months ago.
Spoke to the company Monday. I inquired about the recent AS raise to 100 mil. Their last Q addresses the baking industry and new regulations they must meet. One of the requirements is the "ability" to raise a certain amount of capital. The AS raise was to meet this requirement. The BOD haven't even addressed any OS raises, and the OS now, is unchanged from years ago. Director stock options are still priced at $10.
Currently .06 / .12 and worth a small gamble IMO.
