Well just found this stock. I see that capital requirements look high enough Feds will not come in and take this over. Am I correct on that? Also what about government loans, how much is outstanding and will they dilute to pay off? Have nothing invested yet still researching, of course everything I read says stay away!
70MM, yes, dilution was approve a couple of years ago, PPS is too low at his point to R/S. This is not a 50/50 but an 80/20 very long. I would only recommend if you have some spare funds laying around, but it is will worth it. I hope to see this 3x in about 2 years, based on the fact that the fed loan of 70MM will be dropped or reduced significantly in the next couple of years. Why do you think that the gov. only appointed one member instead of the 2 it could have and he is an insider anyway.
Of what I read I think you are right. This is a very long shot, not that it will be torn apart by FDIC, but dillutions and reverse splits. Still not profitable. I think I will keep and eye on this but, SNV has a much better chance of doubling or tripling this year.