Looks more like painting the tape. I just talked to my broker ... I have my order in to buy tomorrow at 3:59:59 p.m.
Going to be a new "made-for-TV movie" featuring HBKS.......$20.00 in DEC/2004, now at $12.60. Current CEO has been here way to long to blame his predecessor.........Stock drop, TARP, SBLF, OTC, closing branches, micro MKT CAP, etc.. all points to current MNGT imho!!....Meanwhile, what's their compensation?
Probably somebody with a decent position is unloading this POS. You have to do it in small shares, you should know that!!!!
You got to love the way the CEO feeds you these little tidbits in the earnings releases. Nice to know. Thanks!
Now that it's confirmed we have two years to worry about a SBLF capital raise ... I'm going to call my broker and tell her I'm ready to invest that $8M in my money market account in something in the meantime.
Briefer release this time .... he doesn't want to mislead investors into thinking he is going into the no-huddle offense when he's taking a knee with CD's in other banks and planning to punt with a sale.
"We closed two branches" means "we hope to be like Bank of the Internet."
Wow ... this stock must be worth $65!
LMAO.......Keep dreaming......AGAIN, they are getting paid a kings ransom to run 5 branches, WHY SELL!?!?
"The SBLF preferred stock is by far the cheapest form of additional capital for the benefit of our common stockholders for the next two years. Before that time expires, the Company plans to sell out, so we don't need to worry about repaying it."
To realize value in a sale, the management is going to have to stay on. That's probably why the CFO quit; buyout extends his employment contract for two years.
Lets see, in this thread alone......2:57AM......5:09AM.....10:19AM....2:03PM..............And other threads/posts show you need to get a life!!! Get some sleep....push away from the computer....visit/call a friend or relative.......read a book.......get outside........volunteer........
It's becoming the norm with the smaller banks now. HBKS has painted itself in a corner (on purpose?) so as not to be attractive. EXECs will continue getting their grand compensations....Why sell?
So true....."Speaking of that, these guys are getting paid quite handsomely for running a handful of branches and throwing their money in CDs. Life is grand, why sell?.."
It doesn't matter how good your management is, a bank is still a bank. He is going to sell it, because there is no future in small banking. But they don't want to give it away either. So it's just a matter of finding a larger bank that wants to pay something. What we don't want is to sell to someone like TOWN or MNRK ... that wouldn't be good.
Not really necessary for a community bank to be listed or registered. Big distraction to management plus all those expenses.