Allstocks.com's Bulletin Board Post New Topic  New Poll  Post A Reply
my profile login | register | search | faq | forum home

  next oldest topic   next newest topic
» Allstocks.com's Bulletin Board » Hot Stocks Free for All ! » FRGB O/S 11 million .54 (Page 2)

 - UBBFriend: Email this page to someone!   This topic comprises 2 pages: 1  2   
Author Topic: FRGB O/S 11 million .54
invester
Member


Icon 1 posted      Profile for invester     Send New Private Message       Edit/Delete Post   Reply With Quote 
Block buying at .62 This should run to close.
Posts: 4381 | From: houston | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
invester
Member


Icon 1 posted      Profile for invester     Send New Private Message       Edit/Delete Post   Reply With Quote 
Blocks now at .64
Posts: 4381 | From: houston | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
invester
Member


Icon 1 posted      Profile for invester     Send New Private Message       Edit/Delete Post   Reply With Quote 
WILD Close. .65 The way they played it at the close tells me this will run tomorrow.
Posts: 4381 | From: houston | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
invester
Member


Icon 1 posted      Profile for invester     Send New Private Message       Edit/Delete Post   Reply With Quote 
Looking for a gap in the AM, should touch mid .80 low .90.
Posts: 4381 | From: houston | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
invester
Member


Icon 1 posted      Profile for invester     Send New Private Message       Edit/Delete Post   Reply With Quote 
Actually: FRGB Assets: As of June 30, 2009 total assets were $2,286,994,000 Much more than I stated before.
Posts: 4381 | From: houston | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
invester
Member


Icon 1 posted      Profile for invester     Send New Private Message       Edit/Delete Post   Reply With Quote 
FRGB has $193 a share in assets. This is truly one of the best stocks I've ever seen.

As of June 30, 2009 total assets were $2,286,994,000

divided by

Outstanding shares 11,800,000

I see why management is buying up the company

Posts: 4381 | From: houston | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
invester
Member


Icon 1 posted      Profile for invester     Send New Private Message       Edit/Delete Post   Reply With Quote 
Look at what they set aside for loan losses. This company is trading at pennies and it should be $15+ I can't believe the disconnect here.

First Regional has made $108,505,000 in provisions to its allowance for loan losses and charged off a total of

Posts: 4381 | From: houston | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
invester
Member


Icon 1 posted      Profile for invester     Send New Private Message       Edit/Delete Post   Reply With Quote 
Whats with the trading hault?
Posts: 4381 | From: houston | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
sju1973
Member


Rate Member
Icon 1 posted      Profile for sju1973     Send New Private Message       Edit/Delete Post   Reply With Quote 
That's what I am wondering. I put an order in this morning. I just cancelled it. Not sure what's going on.
Posts: 426 | From: Philadelphia, PA | Registered: Nov 2008  |  IP: Logged | Report this post to a Moderator
invester
Member


Icon 1 posted      Profile for invester     Send New Private Message       Edit/Delete Post   Reply With Quote 
With all the insiders buying, I'm not worried. They wouldn't have put up 50k a few days ago if something was wrong. They would have also sold the 35%+ that they own of the company.
Posts: 4381 | From: houston | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
invester
Member


Icon 1 posted      Profile for invester     Send New Private Message       Edit/Delete Post   Reply With Quote 
Also here's when they are releasing earnings. Couple that with the insiders buying, and I think this is a winner. We shall see.

Date Time(ET) Upcoming Events Set Alert
02/01/2010 * 18:00 Q4 2009 First Regional Bancorp Earnings Release

Posts: 4381 | From: houston | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
oldseven
Member


Rate Member
Icon 1 posted      Profile for oldseven     Send New Private Message       Edit/Delete Post   Reply With Quote 
Looks like Nasdaq halted as a T12 halt - they are looking for more information.

--------------------
Only ONE good stock away from retirement!

Posts: 493 | Registered: May 2009  |  IP: Logged | Report this post to a Moderator
crazytrade
Member


Rate Member
Icon 1 posted      Profile for crazytrade     Send New Private Message       Edit/Delete Post   Reply With Quote 
quote:
Originally posted by invester:
With all the insiders buying, I'm not worried. They wouldn't have put up 50k a few days ago if something was wrong. They would have also sold the 35%+ that they own of the company.

Not really, unless the info was public the insiders can't dump their shares on coming bad news. NASDAQ is probably just asking for an official comment on the movement yesterday
Posts: 41 | Registered: Sep 2008  |  IP: Logged | Report this post to a Moderator
invester
Member


Icon 1 posted      Profile for invester     Send New Private Message       Edit/Delete Post   Reply With Quote 
I did a little research about a T12. It has been used in the past to post earnings, and also to update compliance with NASDAQ listing "above 5 million market cap" etc... I think this is no big deal.
Posts: 4381 | From: houston | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
invester
Member


Icon 1 posted      Profile for invester     Send New Private Message       Edit/Delete Post   Reply With Quote 
Earnings are Monday. This looks like a positive.
Posts: 4381 | From: houston | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
invester
Member


Icon 1 posted      Profile for invester     Send New Private Message       Edit/Delete Post   Reply With Quote 
Here was my response from the bank.


We understand there will be an announcement after the market close today, but have no information on its content at this time.



Thank you for your interest in First Regional Bancorp.



Tom McCullough
Corporate Secretary

First Regional Bancorp

Posts: 4381 | From: houston | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
invester
Member


Icon 1 posted      Profile for invester     Send New Private Message       Edit/Delete Post   Reply With Quote 
Good news from another board. The climb continues.


FRGB >>

FRGB filed a document to NASDAQ yesterday or the day before yesterday that its market capitalization has been at least $5 million for a minimum of 10 consecutive business days (11 business days from Jan 13th to 28th), and therefore FRGB met the requirement to be listed


on NASDAQ. NASDAQ is requesting additional documents to decide.

Nothing to be afraid for longs. This halting is not related to FDIC at all. FDIC should have listened to Obama's speech about offering 30 billion TARP to help community banks. FDIC wont close more banks when the federal support is on the way.

Posts: 4381 | From: houston | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
invester
Member


Icon 1 posted      Profile for invester     Send New Private Message       Edit/Delete Post   Reply With Quote 
I GOT IT. There getting bought out. And here’s why. They are at a T12 which requires more information from NASDAQ. If it wasn’t a big deal, they wouldn’t have halted The number is probably so much higher than .65 that NASDAQ needed more info. They will then move to a T1 and T2 and so on. They’ve got $2 in cash, and a $1.15 tax break coming back to them. That’s $3.15 a share right there. They have over $2 billion in assets. You now have government TARP “if they want it”. And lastly, the insiders were buying just a few days ago. Thoughts?????
Posts: 4381 | From: houston | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
metal1
Member


Rate Member
Icon 1 posted      Profile for metal1     Send New Private Message       Edit/Delete Post   Reply With Quote 
makes no sense. NASDAQ doesn't ask for more info on buyouts and it wouldn't be halted all day.

One other thing, looking at the filing for Sweeney he didn't buy any stock, actually looks like he sold stock. i think you misread the filing. or maybe my vision is going

http://quote.morningstar.com/stock-filing/Insider-Activity/2010/1/15/t.aspx?t=XN AS%3aFRGB&ft=4&d=8e3b5f53bc077adba2a62b7a028e240a

Posts: 1045 | From: novato,ca,usa | Registered: Aug 2003  |  IP: Logged | Report this post to a Moderator
sju1973
Member


Rate Member
Icon 1 posted      Profile for sju1973     Send New Private Message       Edit/Delete Post   Reply With Quote 
SAN FRANCISCO, Jan 29, 2010 (BUSINESS WIRE) -- The California Department of Financial Institutions (DFI) today announced that First Regional Bank (First Regional) was closed and ordered to be liquidated, citing inadequate liquidity and inadequate capital.
First Regional is a federally insured, state-chartered commercial bank based in Los Angeles with total assets of approximately $2 billion. Its deposits are federally insured for up to $250,000 by the Federal Deposit Insurance Corporation (FDIC).
The FDIC was appointed the reciever of First Regional by the DFI. The FDIC has accepted a bid from First Citizens Bank of North Carolina to acquire First Regional and assume its deposits, including all uninsured deposits. For information about FDIC coverage limits and requirements, visit or call toll-free 1-877-ASK-FDIC.
Maintaining the integrity of financial services remains the primary mission of the DFI. The DFI oversees the secure operation of California's state-chartered financial institutions. The DFI ensures public confidence in financial institutions by protecting the interests of depositors, borrowers, shareholders and consumers through enforcement of state laws. In addition to posting information about the DFI and its licensees, the DFI's website features consumer tips on a variety of financial topics and consumer information brochures in seven languages.
The DFI reports to Dale E. Bonner, Secretary of the Business, Transportation and Housing Agency and Governor Arnold Schwarzenegger.


Doesn't look good. I'm not sure what happens to the commons but I wish the best for all holding.

Posts: 426 | From: Philadelphia, PA | Registered: Nov 2008  |  IP: Logged | Report this post to a Moderator
metal1
Member


Rate Member
Icon 1 posted      Profile for metal1     Send New Private Message       Edit/Delete Post   Reply With Quote 
Well, they were almost shut down last march so that makes sense. Too many bad loans, couldn't get the capital ratios up
Posts: 1045 | From: novato,ca,usa | Registered: Aug 2003  |  IP: Logged | Report this post to a Moderator
Peaser
Member


Icon 1 posted      Profile for Peaser     Send New Private Message       Edit/Delete Post   Reply With Quote 
Ouch. How much cash ya'll going to lose in this?

Sounds like an insider indictment coming on the dumping of shares on the insider knowledge.

Got Prison?

This guys kids are gonna lose a ton too. Look at "Explanation of Responses: (7)"

http://quote.morningstar.com/stock-filing/Insider-Activity/2010/1/15/t.aspx?t=XN AS%3aFRGB&ft=4&d=8e3b5f53bc077adba2a62b7a028e240a

--------------------
Buy Low. Sell High.

Posts: 10736 | From: The Land Of The Giants | Registered: Feb 2005  |  IP: Logged | Report this post to a Moderator
crazytrade
Member


Rate Member
Icon 1 posted      Profile for crazytrade     Send New Private Message       Edit/Delete Post   Reply With Quote 
I'm seeing .01 trades now. not a firm quote though.
Posts: 41 | Registered: Sep 2008  |  IP: Logged | Report this post to a Moderator
invester
Member


Icon 1 posted      Profile for invester     Send New Private Message       Edit/Delete Post   Reply With Quote 
Out at .055. Not happy
Posts: 4381 | From: houston | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
sju1973
Member


Rate Member
Icon 1 posted      Profile for sju1973     Send New Private Message       Edit/Delete Post   Reply With Quote 
It's good to hear from you Invester. I know your loss was a large one. You're a good trader so I know you will come back. I'm rooting for you man. I had an order set for FRGB that morning that didn't fill because of the halt. So close to a total loss as well. I was fortunate to not have available funds the previous afternoon or I would have been in the same boat. Good luck to you. Good to see you back.
Posts: 426 | From: Philadelphia, PA | Registered: Nov 2008  |  IP: Logged | Report this post to a Moderator
  This topic comprises 2 pages: 1  2   

Quick Reply
Message:

HTML is not enabled.
UBB Code™ is enabled.

Instant Graemlins
   


Post New Topic  New Poll  Post A Reply Close Topic   Feature Topic   Move Topic   Delete Topic next oldest topic   next newest topic
 - Printer-friendly view of this topic
Hop To:


Contact Us | Allstocks.com Message Board Home

© 1997 - 2018 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2

Share