The average investor would have read such low nimbers as being bad just like SHORTY DID but someone who knows better AND DID SOME REAL RESEARCH CAN SEE A LOW PRICE SALES & PRICE BOOK SAYS A COMPANY IS UNDERVALUED AND AN ATTRACTIVE INVESTMENT.
READY SHORTY'S POST AND MY REPLY AND BEWARE THAT SHORTY IS TRYING EVERY TRICK IN THE BOOK TO PUT FEAR INTO INVESTORS.
It's just my opinion, but I think the play is to see if these guys can convert their preferred to common, if indeed, that's their intention. I'm a heavy buyer if that happens and not a second before. Once the company announced that they wanted to raise cash, market mechanics and realities kicked in, which is why the preferreds have gone up and the commons have traded lower. For me, this seems like too much of a guess to be long or short at the moment. The funny thing about this situation is that the longs and shorts will probably both win if they're timely. Good luck to everyone on their trades.
What kind of azzhole are you? One day you're in here saying the State of Michigan will never recover and will declare bankruptcy taking all it's financial institutions and probably the rest of the US with it and the next you're telling people what a rock solid investment IBCP is?
You sincerely need to have your worthless, pathetic, lying dumb azz kicked and I am JUST the guy to do it sport.