Clarkston Financial

Submitted by George on Fri, 2008-04-25 09:14.
Tender Price: 
$10.00
Last Trade: 
$6.00
Method: 
Reverse/Forward Stock Split
Tender Limit: 
Less than 111
Potential Gain: 
66.67%
Vote Date: 
Mar 26 2008 - 10:00
Broker Held Shares: 
Must request shares be registered in your name.
SEC Filings: 
Preliminary Proxy - 01/11/2008
SC 13E3 - 01/11/2008
SC 13E3/A - 02/25/2008
Preliminary Proxy - 02/25/2008
Definitive Proxy - 02/26/2008
Current report - 02/28/2008
SC 13E3/A - 03/28/2008
Phase: 
Cash Received
Financing: 
cash on hand

Ticker: CKSB.OB

Again, must be held in certificate form or perhaps DRS. thinly traded, 55% owned by its parent company. Detriot bank which is admittingly fairing poorly in their very tough market. Company seems to be adequately financed to cover the cost of <111 shareholders, even with a large increase in small holders. See the original forum post.

Recapitalization to be completed and effective at 11:59 p.m. , local time, on March 27 , 2008.