Replies to post #3 on Mission Oaks Bancorp (fka MOKB)

[vpagano]

Chevy, my previous post can't be right.

http://www.missionoaksbank.com/site/press_releases.html#Jan1713

The Company reported a net profit of $23,000, or $0.002 per share, for the quarter that ended December 31, 2012. This compares to a loss of $993,000, or $0.09 per share in the same quarter of the previous year. This was the company’s first profitable quarter since 2008.

23K / .002 = 11,500,000 Shares outstanding

At $.40 each that's $4.6 MM / $9,312,000 (possible BV?)

= 49% of BV

So, half of BV is a little disconnect still if they can stay profitable. Question is, where do they go from here?