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56Chevy

11/21/11 12:04 AM

#6 RE: Enterprising Investor #3

The price of PNBC stock closed at $5.00 on June 30, 2011, compared to $3.64 on December 31, 2010.

Quite the nose-dive these past 5 months. Now selling for $1.01 on Nov. 18, 2011.

In danger now of going below Nasdaq price thresholds if this continues. Low interest rates are hurting banks nationwide but main steeters have no sympathy what-so-ever for the banks. Polically speaking banking system support is a hot potato. Interesting times we're in here EI. As you can atest some areas of the financial world are healing at a rapid pace such as the mortgage refi and mortgage insurance industries but most banks remain towards an unhealthy trend.

I would value your thoughts on this.