InvestorsHub Logo
Followers 40
Posts 13254
Boards Moderated 1
Alias Born 03/07/2012

Re: None

Thursday, 07/05/2012 1:52:11 PM

Thursday, July 05, 2012 1:52:11 PM

Post# of 59709
...one phone call = a 40-cent SPIKE...

...we need the communications among the attorney groups to begin...and it will...there is absolutely no way the OCC will allow a decision by the judge in this case, IMO...none......the OCC has everything to lose monetarily and politically and the confusion with the ILLEGAL SEIZURE proves the bank should never have been ILLEGALLY SEIZED by an amateurish bunch of flunkies with no documented support required by the FDIC......

...the question becomes just how the OCC frames an offer...a new national bank charter in an urban area only requires $6MM and a plan for profit within 3 years along with solid management...although this would be an extreme starting point for the OCC, $6MM is spilled change given the potential consequences here...we're thinking something in the range of $40MM restricted to the bank.....................holding company creditors get nada and the shareholders get the full benefit of the settlement, IMO............

...Guy says no settlement and he wants the bank returned in the condition it was illegally seized.......NO SETTLEMENT......Guy knows some facts and we do not, like personality matters and other facts that pertain to the OTS/UWBK relationship which could be presented to the judge if and when pretrial hearings are set ...................

...all comments made herein are solely my personal opinion and I have absolutely no inside information whatsoever.........

...rock on REGAL BANK................

Join the InvestorsHub Community

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.