Here we go again

As of 8:55 a.m. PNBC stock is trading at $3.90 with a volume of over 259,000 according to yahoo finance. The value has been as high as $4.40. Will the annual report for 2011 give some insight or is this really only pump and dump? It is due out today.

Update 11:05a.m. $3.88 with volume of over 625,000 according to yahoo finance. I have no  filing yet.

Closing today: According to Yahoo finance, the value at the bell was $3.72 and the volume was 777,513 for the day.

After Hours Trading continues. 3:39 p.m.  800 share between $3.75 and $3.80 according to nasdaq.com

Trading is now apparently closed at 5:30 p.m. After hours trading, according to nasdaq amounted to a total of 3400 shares between $3.69 and $3.80

58 comments on “Here we go again

  1. Here’s an idea for raising $25M, and probably much more, to pay off the TARP bailout. PNBC could sell the movie rights. It should be a blockbuster – with sex, greed, G-men, good and evil, etc.

    The major characters could play themselves. The film would be shot entirely on location. The world premier will be held at Princeton’s newly renovated Apollo Theater. This is going to be BIG!

    95% of the screenplay could be written now – the ending may need to wait.

    • I see a definite “Oscar” on the horizon for you Doug. This is one of the best laughs I’ve had in a long time. Keep them coming we need a little more levity on the board.

  2. There was a question posted about the bottom-line implications of the Tier 1 ratio. The FDIC, as insurer bank deposits, is the organization that establishes the groundrules. Here is a summary of what I have gleaned from the FDIC’s website:

    Tier One Ratio: >6% – Well capitalized

    >4% – Adequately capitalized

    <4% – Undercapitalized

    <3% – Significantly undercapitalized

    means greater than
    < means less than

    Source: http://www.fdic.gov/regulations/laws/rules/2000-4500.html

    • Somehow, the bottom of my post got chopped off:

      means greater than

      I believe that the FDIC will go by PNBC’s ratios, not Citizens, which exclude the $25M TARP bailout that they owe the government.

      • Something strange is happening here.

        Less than 2% means Critically Undercapitalized per the FDIC.

        The year-end Tier One Rato for PNBC is 0.44%

        Sorry for the confusion here.

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