Albina Community Bancorp (ACBCQ)

[56Chevy]

No rules necessary. If any "restrictions" on selling are in place they would be totally self imposed.

OPCB didn't buy one share with the thought of selling..and if they did they would be jerking the rug out from under a company they now control. There is a term for that and its called - 'shooting yourself in the foot'. ":~O

Take your trader cap off for second and put your mega-investor hat on.

If the people over at OPCB were looking to buy and flip another bank stock they could have purchased all they wanted on the open market just like you or I for .40 (or lower)...so why pay .90?? So we know when a large investor infuses cash into a bank like this flipping is never part of their plan. That's good to remember for any future deals like this you might get involved with too.

No. The only way OPCB could get badly needed funds to ACBC was to buy shares directly from ACBC...that's impossible to do thru using the secondary market. OPCB's entire goal here was to infuse cash onto ACBCs' balance sheet..or ACBC faced certain death at the hands of their state & federal regulators. And in exchange for giving ACBC that much cash OPCB gets control and 90.1% of the company. Its only fair but OPCB didn't do it out of the goodness of their hearts..they did it for a reason...they wanted what ACBC had ok. What does ACBC have? Branch offices within OPCB's footprint service area with instant customers ...with loans...making deposits..etc.etc. All those things add up to profits $$$$. And in the end both parties really "won".
ACBC survived ...and OPCB got bigger.

BUT you bring up a very good point Ron3955 - and that is we know at a minimum that 90.1% of all outstanding shares are NOT FOR SALE...not anytime soon anyway..ok..which means we have a very attractive low-float situation here.

If you own this you're holding shares that were no doubt bought way below todays' new and improved book value of approx .90.

Traders of ACBC may not be rejoicing..they were hoping for more of an immediate front-end pop...but investors are still happy as clams....they know their ROI party is yet to come.