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Enterprising Investor

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Re: Enterprising Investor post# 22

Wednesday, 11/07/2012 10:05:40 PM

Wednesday, November 07, 2012 10:05:40 PM

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As the direct owner of all of the capital stock of the Bank, the Company would be entitled to the net recoveries, if any, following the liquidation or sale of the Bank or its assets by the FDIC. However, the Company does not believe that any recovery will be realized. Accordingly, the Company’s common stock is likely to be of no value.

http://sec.gov/Archives/edgar/data/707855/000119312512450854/d435458d8k.htm

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International

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