Jacksonville Bancorp Inc. (JAXB)

[56Chevy]

No doubt about it I was a little shocked and surprised at the final results of the offering. Responses to rights offerings can be very hard to predict. I know of a couple other banks that just completed very simular offering's and they were successful but I also know of a few examples that weren't. Its a crap shoot sometimes.

However I still view JAXB as a solid investment. The bank will have to roll out plan B now...its not the end of the world by a long shot... but putting plan B aside for a moment I think the important thing to remember is once a bank (any bank not just JAXB) completes a capital raising effort..the real work is just beginning..not ending. It takes time to put that money to work for us.

No one should ever invest in a cap raising effort expecting to see an immediately roi. The money JAXB raises hasn't even had 24 hours to generate any profits...and even if this rights offering was wildly successful that would still be true. It wasn't raised to collect dust sitting in a vault.

Banks are money machines...but they're are a true "investment".