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Citizens Republic Bancorp, Inc Message Board

  • amdiz113 amdiz113 Oct 28, 2009 8:38 AM Flag

    Why this stock goes down

    They diluted or asked to dilute to 1 BILLION SHARES. That means that even at 10% of holders wanting out that means 100 MILLION SHARES need to sell to get to a green spot.

    While I would love to soak up all those shares sloshing around on the market so we could get to some green days (not to be confused with the band) some heavy buyers are going to have to decide this is going some place and it will take at least another quarter for that.

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    • Why do you continue to misrepresent what happened? AUTHORIZED shares went to 1 Billion - they issued ~270MM new shares, and stand at ~400MM outstanding right now.

      Unless I'm mistaken, most companies have SOME room for maneuvering i.e. issuing additional shares if needed. Would you rather they sit there with a maxed out credit card?

      You sound increasinginly disingenuous.


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