Replies to post #154 on First Bancorp (FBP)

[richme]

Thanks for the information. I certainly did not expect FBP's performance of the last two days; it was up another .16 on top of the .78 in regular hours. Best I can figure is that selling immediately after the reverse split was mostly panic selling and that today it is trading at levels FBP saw pre-split .44; I bought the 20250 shares at .41 and the 8100 shares at .3176ish. I have 350 in one account and 1350 in the others. I am glad I did not sell when my inclination was to.

However, I did reason that FBP is the second largest bank in Puerto Rico and secondly that the sell of was panic selling. Further that increase demand would go against the very small float, 21M in my opinion.

I am concerned what the impact will be if a private or public secondary offering is announced. That would be pure dilution.