Replies to post #148 on First Sound Bank (fka FSWA)

[illegal_alias]

I think I remember that. Was it about 2 (maybe 3) years ago? And went for something in the .20s when it had been trading in the .50s? I'm sitting on my shares at around $0.038

[56Chevy]

What that bank official told you was completely right. Market value and book value are two different animals.

D & O of either the selling or the buying institution can at a minimum be heavily fined or at a maximum pay steep penalties and do jail time if the transaction varies too much from book value.

Small banks today on average are acquired for between 1 X BV ~ 1.7 X BV. Anything outside of that higher or lower will land D & O in hot water.

Mr. Market doesn't set bank acquisition prices. Value does.

Marker:
First Sound Bank (se (FSWA)
0.071 0.0 (0.00%)
Volume: 0