Jacksonville Bancorp Inc. (JAXB)

[Enterprising Investor]

Rights offering is good deal for Legacy Shareholders.

Eligible shareholders will receive one right, which will allow them to buy a currently unknown number of shares for $0.50 per share.

Not all shareholders will exercise these rights.

More good news. The proposed rights offering will also include an oversubscription privilege, which will exercising shareholders the privilege to purchase additional shares of common stock that are not purchased by other shareholders through the exercise of their basic subscription privileges (subject to the availability and pro rata allocation of shares among persons exercising this oversubscription privilege, and other limitations).

Any unsubscribed shares will be sold through a subsequent public offering at the same $0.50 per share.