Weststar Financial Services Corp (fka WFSC)

[hestheman]

I picked up 25K at .009 a few days ago. Reason being, although Ashville Bank was Weststar's only asset (seized by the FDIC) The holding company/trading shell is still in tact. I would sincerely like to know how much debt the holding company had, because in some cases a company might take on the debt (depending how much debt) in order to acquire the shell. Some form 4 sells were made by directors in the holding company stock in 2012 (not a good sign) but again on the flip side what intrigues me is that the holding company has not filed for bankruptcy yet and the bank was seized near the end of 2011. You would think creditors would be knocking down the holding company's door and a bankruptcy filing would have already happened by now. Anyway, insane low O/S and float here...and we know what a low floater like this can do!