Call me crazy but I do believe that CBC continues to raise capital by selling off its subs and I see no reason other than baseless rumors to think that CBC is on the FDIC's radar. The short interest in this stock is astronomical so there could be a sudden exit if the company starts getting its footing (which from my perspective appears to be the case). Although "technical" trading patterns are difficult to use as a model with penny stocks, the massive sell-off last week (capitulation), followed by stabilization, may signal good times ahead.
It is irresponsible to suggest a specific price point (because it is a complete guessing game) but I do think that, as a matter of fact, the large short interst gives this stock the real potential to run, and, run pretty far from these levels.
As I recall, the FDIC didn't close any banks last weekend but I dont believe their thinking is influenced by the holidays. Think this Friday is gonna be like most with some bank closures, hopefully not CBC's.