Replies to post #5800 on CIB Marine Bancshares Inc. (CIBH)

[XM ROCKS]

Not sure. The price has risen quite a bit since the uncertainty was removed about the repurchase. Market
Makers do NOT care about price at all. I would think once the shares are removed from circulation by the repurchase, it would add some value for sure. We are definitely profitable now, which is nice. We have a P/E of 6, and that should change when the preferred are removed because of the conversion ratio that was setup. Once the rest of the shares are repurchased in less than four years, will we be able to get some dividends? Poison pill gone?

[XM ROCKS]

It looks like we may never see this stock in the 20’s again. I wonder if we are going to see another 10-15 percent then the actual transaction takes place. Everything is going the right direction, and the payment for the preferred shares should be made this month. I’m just not sure if the current share price reflects the preferred shares already being removed from the count or not.