Replies to post #351 on Asleep at the Wheel

[Big Brother]

I'm tempted to add, but got so many hibernating tickers as it is....lol.

I suspect that the 'exit' for the investors who bought the $23M worth of shares last year, is going to come in the form of a buyout, rather than market liquidity. There are a number of smaller banks, about the same size, around the Chicagoland area getting bought out recently.....and the new CEO has orchestrated another buyout with Wintrust Financial Corp and Community Financial Shares, Inc. (OTC US:CFIS) so thats probably where it's headed IMO.

The o/s is 230M, so looking at some of the other buyouts, for similar sized banks, I'd say if it happens it will probably be around .25 -.35 cents a share.....just speculating though, could be worth more.

Probably a longer term hold, but not a lot of risk at .15 or .20 cents at all, will pay off one of these days.

[Big Brother]

It's non-DTC eligible, there are no shares held at DTC at all, so technically it shouldn't be electronically tradable, at least with TDA, however, for whatever reason they did allow trades the first day. :shrugs:

[Big Brother]

Rich, have you ever phoned in an order for a non-DTC eligible security with TDA..?? I've always wondered what the reasoning is, or what disclaimer they give you. Unlike some brokers, there is no additional charge to sell non-DTC eligible stocks with TDA, just the normal brokerage fees, so I never understood the point of having to phone it in. I assume they warn you about the lack of liquidity, but hell probably 70% or 75% of OTC stocks are very thinly traded it seems....lol.