Replies to post #470 on Vineyard National Bancorp (fka VNBCQ)

[jdsgungho]

kratz was brought back on to the board of chairmans by the bank in order to possibly make resolve with the occ and the fdic, they were put on the troubled bank list early in the year and in order to be taken off the list they would have to come up with a viable plan that would allow the bank to increase capital and ultimately gain a safer score by fdic standards. Imo after a long and heated battle between much of management kratz finally got his way and now saw the opportunity to capatalize on the bank. It was then imo that he and a few other board members came up with a plan to buy vnbc for 18 million dollars and only have to pay the tennesee bank a small portion of their loan back which was already in a 7th modification. In bank terms tennesee was owed 48 million, with the kratz plan only 9 million would be payed back with three years for tennesee to capitalize on another 9 million, a more than 50 % haircut. Kratz has limited time to complete his mission by coming up with 125 million, the plan was drawn up to hold off the fdic and give kratz the opportunity to buy vnbc for 18 million dollars(A STEAL). The less desirable he makes this stock look the better for him,but now he has a bunch of pesky shareholders to deal with and like in all the scooby doo cartoons, i bet he is saying to himself,"my plan would of worked if it wasnt for those meddling kids" !IMO, the pressure is on and kratz, hansen and his gruesome team of thiefs know they are screwed.(THIS IS ALL JMHO,ONE I BELIEVE IS DEAD ON) time will soon tell

[jdsgungho]

Short answer is hell yes he intrested, i would be too if i could buy a bank with 2.5 billion dollars in assets for 18 million dollars and screw every shareholder i could in the process. He also lied to me on the phone and told me he owned 2 million shares and was deeply concerned .(OK DOUG)