Hi XUSMCMP welcome to the board. Your eyes don't deceive you...go back and read post #33...it should help explain what's been happening.
The bad news is our share structure changed dramatically at the beginning of 2015...we now have just under 7 million shares outstanding because we had 2 issues of preferred stocks converted to common equity. The good news is we knew it [the conversion] was coming about a year ago. The CEO gave us a heads up.
It's not unusual to see recently converted shares hit the market. It happens. I don't like dilution but I'm not alarmed by it in this case because the pps has held up real well despite the selling. Plus the bank had it's best year for profits since before the great recession hit in 2007/08...maybe it was their best year ever...it's certainly possible...we don't know yet we should be hearing from management soon. All the signs indicate we're definitely moving in the right direction ..it's been a long hard slog for management and they did a good job to keep things together.
The CEO just announced he has moved us up to a higher level on the OTC exchange which should bring in new eyes. The bank is finally making profits again so we can put our tax deferred assets to work which is always a big plus looking forward.
All in all...ALBY is in great shape now and imo is a good bank to have a stake in.
When the fed raises interest rates all these small banks will profit from it. It can't happen soon enough!
Good luck ...and if you're alias means what it says - Thank You for your service bud ;)
News 
Market Data 
Discover 
