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Jacksonville Bancorp, Inc. Message Board

  • missionary168 missionary168 Apr 21, 2013 7:09 AM Flag

    Book value $0.32/pps & investors buying pps $0.5/pps

    Institutional investors and to a lesser extent directors, company executives and their family members all bought JAXB at $0.5/pps........Do you think they would lose their $$$ and driving pps down under $0.5/pps ??????
    Bottom is here ! And they may strong buy shares again

    Collectively, institutional investors accounted for $43.81 million worth of the capital raise. CapGen Capital Group IV LP, which is the company’s largest shareholder, also made the largest investment in the capital raise at $30.06 million, according to Jacksonville Bancorp’s annual proxy statement submitted to the U.S. Securities and Exchange Commission.

    John Rose, who is also a principal of CapGen, along with his role on Jacksonville Bancorp’s board of directors, was the largest single investor in the capital raise at $900,000. His wife, Cheryl, invested an additional $100,000.

    The long awaited capital raise, which closed in December, puts the company (Nasdaq: JAXB) back in a position to grow again in a number of ways, including the possibility of acquiring other local banks that still need capital. As part of the capital raise, significant shareholders purchased Series A preferred stock, and received shares of common stock and/or nonvoting common stock when the preferred stock was converted in February.

    The institutional and personal investors’ investments, by the amount invested, and their total shares of common and nonvoting shares of stock include the following:
    CapGen Capital Group IV LP; $30.06 million; 6.12 million shares
    Wellington Management Co.; $7 million; 14 million shares
    Sandler O’Neil Asset Management LLC; $3 million; 6 million shares
    Sutherland Asset I LLC; $3 million; 6 million shares
    Director John Rose; $900,000; 1.8 million shares
    Mendon Capital Advisors Corp.; $750,000; 1.5 million shares
    John Green (the brother of CEO and director Stephen Green); $300,000; 600,000 shares
    Triad Financial Services Inc. (owned and controlled by director Donald Glisson); $250,000;

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