Albina Community Bancorp (ACBCQ)

[Huggy Bear]

I missed that release and yes, that makes perfect sense. So, newly issued shares around 9.1M worth is a very pragmatic answer to a question with many possible answers. I think you are correct but of course we still do not know all the details at this juncture.

There is always the chance that Albina received more than just the 8.75M for tier requirements. Some goodwill is not out of the question considering assets around 191M. Of course in any distressed scenario I expect to see assets going to pennies on the dollar and even if 8.75M is the only new cash infusion for the controlling stake we still sit to make out well, just not a bunker buster situation which I never expected in the first place.

Thanks for the input. When all is known and if it looks good to me I intend to hold my shares for an eventual recovery to positive earnings with the new infusion and hopeful for a turnaround. A bit of cash over the tier infusion would help that scenario come to fruition......