What is going on. How can they say one thing one week and a different thing the next week!!!!! Is this all legal are they playing games with our money! I have 22,000 shares!
First of all $.01 is less than $1 and the fact FFC is gone is no brilliant statement.
<Why do you feel bad for the people they have in their branches?
The news plainly says; "Former Frontier Bank branches will open Monday as Union Bank outlets.">
Apparently you have never been involved in a buyout. Some are positive, but many turn out negative.
<It's the shareholders, now bagholders, that you should feel sad for, although they were warned.>
Absolutely not, especially in this case or for that fact anyone gambling with stock. The stockmarket is one step away from casino gambling.
Some people make mistakes and learn, some people make mistakes.
Learn from this.
"You will be lucky to get $1 after what happened and then the halt of trading."
Are you kidding! You will be lucky to get 1 penny! FFC is gone, sold to another bank by the FED'S. FFC and their shareholders get nothing!
"A sad event. Feel bad for the many good people they have in their branches."
Why do you feel bad for the people they have in their branches?
The news plainly says; "Former Frontier Bank branches will open Monday as Union Bank outlets."
It's the shareholders, now bagholders, that you should feel sad for, although they were warned.
Read more: Frontier Bank closed, sold to California bank - Puget Sound Business Journal (Seattle):
Boombaah: None of that matters now. The bank has been taken over now, you've lost most of your investment here. I hope that is not all the money you had. You have been listening and reading the news about this stock yes? They had only days to come up with the capital to stay in business, and they did not. Friday afternoon the FDIC sold them to another bank and their stock is now considered worthless. I am sorry my friend.
This stock is worth 0...bank was siezed by the fdic. Yes, it may trade for a few cents based on speculation like WM did but come on....if you don't understand that your shares are worthless you shouldn't be buying them in the first place. Who in their right mind buys shares of a bank on the problem bank list and then holds the crap into the close on a Friday? Good grief.
Hold on a second. this stock jumped up and i didn't sell for a reason, they had their 1:10 reverse split and it represented good value. how can it be worth less than a $1 again???? they did the reverse split 1:10 to get it back up over $1 !!!!!!!!!!!!!!
boombaah: Yes it has been halted because it has been taken over by the FDIC? Do you know what that means? It will re-open probably late today or tomorrow, BUT you will be lucky if it even trades over $1. It has become worthless almost over nite. You do understand the risk you took, yes? You're 22,000 @3.30 is worth no more than $22,000 IF it opens at $1. i am very sorry.
Any time a bank gets taken over the stock becomes worthless. The possible failure of Frontier has been in the news for more than a year, here in the Northwest. The depositors are ok but the investors get cleaned out. I have been an investor but not in the last 6 months, am still a depositor. DYODD :[
Day trade the small banks. Remember don't fall in love with them and show them any love. If people encourage you to buy on the message board. Make sure you sell...In addition, I warmed you guys last week couple times. GLA