Jacksonville Bancorp Inc. (JAXB)

[56Chevy]

First - You have to account for the massive dilution 100MM newly issued shares would have.

Secondly - Go to the most reliable source for your information... so in this case go this SEC link, dated as recently as of March 26th 2013, and look at the very bottom of the page:

JACKSONVILLE BANCORP, INC.
Non-GAAP Reconciliations

And look for the conversion adjustments.

Shares outstanding - 5,890,880 - 100,000,000 - 105,890,880

Book value per common share(3) - .. 2.55 ---------- 0.32

Tangible book value per common share(4) - .. 2.34 -- 0.31

http://www.sec.gov/Archives/edgar/data/1071264/000114420413017575/v339058_ex99-1.htm

*JAXB has along way to fall. PPS as of 4/19/2013 was .595