Replies to post #1199 on The Colonial BancGroup, Inc (fka CBCGQ)

[DADDY FAT SAXX]

Do some more DD. court case pending and these guys have money. they owe but do have money on hand. not saying it is a sure bet but what is below a penny? risk versus reward. Buy low sell high still works here.

[fatherofseven]

The Bank-subsidiary, the profitable part of the bigger company that went into bankruptcy, did get sold by FDIC... but there are some serious disputes with implications in the millions. Some DD I've read say that will only lessen the liability, but then what the heck was the forced sale of the bank? You do ask the question I've asked, and worth asking... what is the nature of the (existing/remaining) company? Speculation remains in management that is substantial and formidible enough to legally challenge the feds.... Wish I knew the implications in all this....