Question for the board - What do you think will happen to the share price once people realize no more shares can be purchased by anyone large or small past Oct. 4th for .50?
The bank threw small retail investors a bone by making it possible for us to get in at accredited investors' prices. Don't forget that it was only 5 months ago the bank sold $50MM dollars worth of stock to accredited investors ONLY. They snapped those shares up like hotcakes. That deal wasn't offered to us...we were paying a buck fifty @ share at that time ":~O
I appreciate a management and BoD that doesn't forget its' most junior partners.
There are investors who patiently and quietly wait like lions for shareholders who didn't understand what this was to dump their shares and move on.
Think about it. The guys who spent $50MM dollars aren't calling this investment a "flop" ...but the guys who spent a couple hundred bucks are. I'm going with the guys who spent the $50Million! ;)
Jacksonville Bancorp, Inc. Raises $5 Million In Stock Offerings (10/07/13)
JACKSONVILLE, Fla., Oct. 7, 2013 /PRNewswire/ -- Jacksonville Bancorp, Inc. (the "Company") (NASDAQ: JAXB), holding company for The Jacksonville Bank, announced that it has completed the sale of $5 million in common stock, or 10 million shares. The capital was raised through the sale of common stock to participating shareholders in the Company's previously announced rights offering ("Rights Offering") and to purchasers in its public offering ("Public Offering") of the shares unsubscribed for in the Rights Offering. The Public Offering was fully subscribed with 7,917,383 shares of common stock sold to institutional and local investors through Hovde Group, LLC, the Company's sales agent for the Public Offering.
Don Glisson, Jr., Chairman of the Board, commented, "We are very pleased with the results of the Public Offering, and by the support from local investors and customers of The Jacksonville Bank, as well as the institutional investment community. The success of this offering gives us positive momentum as we continue to strengthen our capital position and execute our strategic initiatives."
The Company Jacksonville Bancorp, Inc., a bank holding company, is the parent of The Jacksonville Bank, a Florida state-chartered bank focusing on the Northeast Florida market with approximately $522.4 million in assets and eight full-service branches in Jacksonville and Jacksonville Beach, Duval County, Florida as well as our virtual branch.The Jacksonville Bank opened for business on May 28, 1999 and provides a variety of community banking services to businesses and individuals in Jacksonville, Florida.More information is available at its website at www.jaxbank.com.
Market Data 
Markets 
AI
