@shaskell12@OurBank3 Getting ahead of the story--more to come. I filed a 14a-8 to uplist the stock and they quashed it because I didn't call into last year's s/h meeting. It will all be detailed.
$EMYB Many corporate governance issues here. They will all be discussed one post a day. Dave quashed a s/h proposal to enhance liquidity wasting BIG $ in legal fees to do so. More details to come on that. But even First Act Dave has had an issue with the bank hq building.
Another problematic proxy, this one at Capital Bank $CBNK.
The board has a reputation for meddling.
The shareholders don’t appreciate it.
5mln shares are owned by insiders and 1+ by ETFs, suggesting almost every outside shareholder vote went against Whalen.
@shaskell12 Yes, most of these conversions have a one year look back for officers and directors. The $AVBC underwriters should have made sure that was understood. (Maybe they did and Cozzone & co decided to proceed anyway, IDK)
the value-creation move right now for Southeast community and smaller regional banks is taking advantage of the disruption from super-regionals. go take their talent and customers who are being left behind and let others be distracted by M&A. just make sure you manage your balance sheet correctly and this may be a once in a decade opportunity (at least since Truist)
Wut? How much did it cost Warburg Pincus to just file to sell 102 shares of $BANC worth $1,900?
On Tuesday they sold almost 4 million shares or $73,000,000 worth.
Did they oversell their earlier filing and need to catch up?
Given that Laurence Bolchoz diluted his original $10 investors w/ a $7.50 raise in 2017, recently opened a branch in Orangeburg, it shouldn’t surprise that instead of rewarding $CCNB holders w/ an $18-$20 sale he’s leaning toward diluting them again. 💀☠️🪓💣