Syringa Bancorp (fka SGBP)

[illegal_alias]

My thoughts are that SGBP might get bought out and taken private. I found the following:
http://www.federalreserve.gov/releases/h2/20100612/sanfrancisco.htm
Scroll to last entry. If the Arguinchonas have 31.82% of the o/s (5.9 mil when last reported), that is 1,877,380 shares. Looks like at most, 4 mil shares in the float.

Recall, too, that about 10 million was put in escrow by local investors 2 years ago, which would be released to the bank if certain milestones were met. Not sure if that is still on the table. So if the Arguinchonas and local investor buy about 1.08 million shares on the market, then they control just over 50% of the o/s. Or, most likely would be a Reg D offering of somewhere around 3 million shares to investors or open it to existing shareholders and the insiders buy the bulk of it.

JMO FWIW.