EBANK Financial Services Inc. (fka EBDC)

[hestheman]

SuperC....I wanted to get your take on something. I have played a few high risk bank stocks in the past but there is something that intrigues me about this particular (shell?) as well as another one I hold shares in that is in a similar situation. Here's the deal, shareholders here held shares in EBDC (which was the holding company, whose main asset was the bank). The bank was seized by federal regulators a few years back....but the holding company of a bank cannot be seized. So, what happens in most cases is federal regulators seize the bank reallocating all of the assets to another bank and leaving the holding company with all of the debt. Which, is why most holding companies file for bankruptcy soon thereafter having been seized. Ebank has never filed for bankruptcy, years after their bank being seized. It would seem creditors would have beaten their door down by now. Can you think of a reason why Ebank never filed BK? THNX. P.S. I love some of your trading methods.....I will have to ask you some questions when I get a chance.