Replies to post #5748 on CIB Marine Bancshares Inc. (CIBH)

[XM ROCKS]

Maybe we should have taken that huge offer by Clutterbuck.......haha!!
Still have 490,770 pre-split/32,718 post split shares. Not interested in the new board members........I’m sure they are going to try and hijack this to get their cash out. This falls under the “not my problem” category. I have an idea for them........buy the common shares......put your money where your mouth is. I did. One of the reasons it went to 1.98 a share was because I was accumulating during that time. Holding for a long term payday.

[XM ROCKS]

They only want to sell the bank at this point. Not going to happen......plenty of capital at this point. The common share price has risen a bunch since I started buying on the open market at
.20/share. Management WILL make the right call. If you damn preferred shares want out so bad, take the offers the bank puts on the table. Otherwise, continue to let your cash sit there earning 0 percent dividends. Bottom line is, the bank has always made decisions based upon keeping the common shareholders happy. That’s ok in my book......

[XM ROCKS]

I took a look at the Hildene website today. Looks like most of them have moved around quite a bit. I also noticed many of them have only been around for a year or two. Hedge fund managers, CDO’s, distressed bank situations........not our friend for sure. What does trying to inject two hostile board members into the mix do? Do you actually think bringing chaos into the board room will make things better? He holders of the preferred shares have to either be patient, or be bought out. That’s it. We allowed the Dutch auction buybacks to occur. Preferred shares have to wait. No voting rights. You all knew what you were getting into when you accepted the 2008 deal. Not my problem. Maybe you all should have started buying the common stock when it was .15/.20 cents a share.