I think the previous posted comment is accurate. Sale will be with FDIC serving up on a silver plate. Common shareholders unlikely to do real well. Management may be buying in hopes of currying favor: please note that none have significant holdings. These typically work out if there is an extrememly wealthy person with tons of common; they can bluff through the debt load.
Are you smoking crack? The FDIC seizes this bank the shareholders will get zip zero nada! I see CPF got through another week without seizure. Do you think maybe the FDIC is TRYING to find a bank to pawn this loser off on?
FDIC is not seizing here. We are either going to be diluted by 80% or the company is going to be bought by someone will deep pockets for around $6.00 a share. The infrastructure of the bank is worth at least that much. The bank needs a little more of a cushion. No one is paying attention.