First Place Financial Corp.(fka FPFCQ)

[Kharybdis]

These situations are just ripe for the quick pump and dump where the Operating Company (Bank) is being acquired and new money is being injected into the newly acquired entity but the shares and debt were issued at the holding company and the receipt of funds by the holdco isn't enough to reach the shareholders. The headlines look real good and it is easy for the savvy pumper to confuse the unsuspecting public by twisting the wording or leaving out the important details and telling them that "our shares!!!!!! are being bought out !!!!!! Wowza!!!!!!". Then the effective date of the sale passes and the shareholder who just got duped is left wondering why they haven't yet been paid for their shares. By that time the pumper is long gone. In fact when they are telling you to back up the truck and that it is going "to da moon" they are already in the liquidation phase.