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how much did you all spend on FRC? what do you think OTC price for FRC will be?
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Sor Shi Dll : For 10.6 B cash, some will be taken by FDIC as a opertaion cost, some will go to settle payments pending by FRC, Min 0 - Max 58$/share wil be at OTC I think.
Dramericanjesus Sor Shi Dll : 58 dollars a share... On Pink Sheets...
102597866 : Don’t expect too much lah….I already heart pain don’t give me false hopes
102796899 OP Sor Shi Dll : Didnt JPM chase take over the asset and certain liability of FRC for a penny on the dollar? Would there be leftover cash for the remaining liabilities?
Sor Shi Dll 102796899 OP : It need to pay for corporate expense, other fee liability for this receivership and so on. It has 10.6 B left in cash to pay out all this... Investors may not get paid as it is totally depends on FDIC.