This is the news that JH was running un recently beyond the inital rise when Ral funding was expanded beyond 50% thru Republic Bank. I expect JH to punch thru $2 and Maybe even $2.50 ($3 could even be attained in the short-term).
Why OCC don't shut down Republic RAL???
Republic Bank is under FDIC regulators. I suppose their is a small chance that it could happen, but it looks like the OCC is much more conservative than the FDIC in similar situations.