I hear ya RJ. I think your speculation may be spot on. It would only make sense for them to buyout the Albina shares with their own money and build value in a Big Way with this tiny share structure... Seems like a great plan to me. I'm hoping for this situation to pan out in our favor... I like our chances!!!
Good work on finding links to read and share with everyone but think about what you're saying.
Who would buy 90% of a company for the sole purpose of gaining control and then not want shares with voting rights in return? What would be the point? How do you prove ownership & control without shares issued in your name?
Is the 90% offer a "gift"? Hardly.
If a R/M happens shares will be issued...millions of them...count on it. But that in of itself isn't all 'bad'. Long term it will go a long way to help insure these banks survive...short term it will most likely turn a negative book value number into a positive one.
A merger among equals would be a good move for these banks...and that we can all agree on!
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