Bank Of Granite: One Feisty Dollar Menunaire

April 27th, 2010 by alyx · No Comments · all ur bankz

FTAlphaville reports on the North Carolina edition of “Pimp My Stock Price”:

Scott Anderson, chief executive of Carolina-based Bank of Granite, managed to put his institution in play after admitting occasional interest in a takeover at the bank’s annual general meeting. “It’s like a used-car lot. A lot of people come by and kick the tires,” the Charlotte Observer reported Scott as saying, putting Granite’s stock 41 per cent higher.

Yes, folks — that single-digit midget’s got moxie, for sure.

It’s worth noting that back in November, $GRAN fell afoul of the NASDAQ’s “Dollar Menunaire” rule and so their probationary period ends on, from what I can tell, May 11. So it was probably time to fan the flames and do whatever they had to do to make sure that price soared well above a buck (territory for which some may have given it the Magic 8-ball designation of “Outlook Not So Good” earlier in April). Charty McCharterson:

No Comments so far ↓

There are no comments yet...Kick things off by filling out the form below.

Leave a Comment