Replies to post #80 on Four Oaks Bank & Trust (fka FOFN)

[Enterprising Investor]

FOFN would not issue fractional shares.

Shareholders who otherwise would be entitled to receive fractional shares because they hold a number of shares not evenly divisible by five will automatically be entitled to receive an additional fraction of a share of common stock to round up to the next whole post-split share.

https://www.sec.gov/Archives/edgar/data/1040799/000104079916000028/fofn-2016specialmeetingpro.htm

[Enterprising Investor]

FOFN held its Special Meeting of Shareholders on 11/08/16.

Shareholders approved an amendment to the Company’s Articles of Incorporation to effect a one-for-five reverse stock split of the Company’s authorized, issued and outstanding common stock.