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from the 2018 Annual Report
“As of December 31, 2018,
warrants to purchase an
aggregate of 135,302 share
of common stock (on a
post-reverse-split basis)
were outstanding.”“… an exercise price
of $10.18 …”“… expiring on
July 15, 2019 …”CFBK has seems to have
a nice simple ownership
structure.The options seem quite
modest. Of-course that
can be taken two ways
(like a lot of things).They probably will not
declare a dividend for
at least three years,
and that seems to be
as well for people
like myself, who would
buy very few shares.They seem to have the
energy to make a bit
like a start up. A new
branch this March.There is the problem
of rising interest rates,
and attracting deposits;still, speaking relatively
of bank stocks (and I’m
coming from nowhere, right
now) an interesting
investment.And one can get
their news, snoop in
their books, and follow
their story for free.Click, click.
in reply to: The Bowser Database #11899What a wonderful luxury
to receive the Bowser Database
in print version.The constancy and privacy
of the possessedness of
paper and ink.The vibratingness of the
pixeled screen, leaves me
in always a degree of
inquietude:When I look at the
print version of
The Bowser Database,I will not have the
uncanny feeling, that:it is looking back at me.
Central Federal Corporation (CFBK)
a Holding Company for CFBank
A bank in Ohio
with less than
ten offices.Some Old Items
For New Subscribers
And Some Current Items
For Old Subscribers(from CFBK 2018 yearly filing)
“As of December 31, 2018,
there were 4,335,062 shares
of common stock outstanding
and held by approximately
476 shareholders of record.”Fiscal Year of CFBK:
January 1 to December 31” . . . the conversion of all of
the Company’s outstanding Series B
Preferred Stock into Common Stock
of the Company effective October
6th, 2017.”Price range of the common stock:
2017 8.96 17.05
2018 10.68 16.73
(adjusted for the August 20, 2018
1-for-5.5 reverse stock split)(No dividends were paid on the
common stock in 2017 or 2018.)in reply to: Rules for Buying Back into a COTM #11890Thomas Rice addresses
this issue in the
Open Discussion Topic:FORD
(That was before
it was rerecommended.)in reply to: Rules for Buying Back into a COTM #11889It is interesting that
people often feel
a relationship betweenwhat they sold
and what they received.However:
It is proper to allocate
all investing funds,
as if they were fresh capital,
because that is what they are:Like the Firebird:
Born Again!
in reply to: Rules for Buying Back into a COTM #11888This is not a proper
answer to the question,it is suggested, however,
indirectly, by the Game Plan,
that one consider the next
Company Of The Month.Or, as the plan stresses
diversification, perhaps
consider a stock on page 4
that isn’t already in your portfolio.in reply to: The Bowser Forum #11882A “Disappearing” (or “Hidden”)
Topic can also be found
by searching it’s name(a Disappearing Topic
will be drawn up,
to the list of found items,
by a search of any term,
that it contains).Then click on the
Topic Name.For example:
search (in the Forum search box):
Instruments Of OwnershipThen scroll down to the TOPIC
Instruments Of Ownership(it will have the number
“#11880” next to it)(there will be other entries
for: Instruments Of Ownership
in the list of found items,
including, obviously, this one)in reply to: #11880When the Moon
is in the Seventh House,And Jupiter
aligns with Mars,The preferred shareholders
may own the shirt on your back,And the class z shareholders
may steer your stars.It might be the dawning of
the age of warrant conversion.The age of debt conversion.
Dilution.
Dilution.
All considerations
of trust and sympathy aside:It might be beneficial
to have an understanding of
the instruments of ownership
that operate upon a title
to Roebling’s Brooklyn Bridge.Now, of-course; yet also
when the clock strikes Twelve,
and the common shareholders
all change into mice,
at hay pennies on the dollar.. . . Or nice round pumpkins,
to fill that blank asking:
Proceeds Received?IF: the reverse split
issued 1 new share
to replace every 5 old shares,
as stated in
the Follow-Through table
of the March 2019 Bowser Report:THEN: $15.00 would be
the Adjusted Buy Limit
_____________________________IF: the reverse split
issued 1 new share
to replace every 5.5 old shares,
as stated above:THEN: $16.50 would be
the Adjusted Buy Limit:$3.00 x 5.5 = $16.50
The New Buy Limit
____________________________Or, more confusingly:
300 dollars per 100 shares
300 ÷ 100 is the same as 300/100
$300 ÷ 100 shares = $3.00
The Old Buy Limit : $3.00
____________________________300/(100÷5.5*) = 300/18.18
* the 100 shares
must be divided by 5.5
(the reverse split)$300 ÷ 18.18 shares = $16.50
The New Buy Limit : $16.50
_____________________________Because of the reverse split,
your position is probably an
Odd Lot: a group of shares,
not divisible by 100
(without a remainder).Therefore:
the reverse split divisor
must be changed, from
addressing 100 share lots,
to addressing single shares:18.18 was the hundred share
reverse split divisor:
it must be divided by 100:18.18 ÷ 100 = 0.1818
0.1818 is the single share
reverse split divisor
______________________________For space convenience
(this is all being done
with one finger on an
inexpensive cellphone):Your Old Cost Basis = OLD
Your New Cost Basis = NEW
Your Doubling Price = DP
Your Sell All Shares Price = SASP
_________________________________OLD x 0.1818 = NEW
NEW x 2 = DP
NEW x 0.5 = SASP
__________________________________Faris Sleem is probably
a Quant (someone very
quick with numbers),
skips a bunch of steps,
automatically gets the
answers, and perhaps
skips some of the
question.
________________________________By the way:
Thank You Faris Sleem
Thank You Thomas Rice
Thank You Cindy Bowserfor keeping something good.
in reply to: The Bowser Database #11864And since you have
commandeered
The Bowser Database thread
to the purposes of TSSI:Please answer this,
Mr. Q3 Reader:Do the Common Share
shareholders own
100% of the company
as of that report?Especially, are there any
special classes of stock,
or preferred issues?(if they could get
their share price up
a conversion of debt to stock
wouldn’t be a bad idea;
on the other hand,
the way they’re doing,
maybe it’d be completely
unnecessary)in reply to: The Bowser Database #11863Hey! I wanted it
to go down to 75¢
to buy it!He he he, maybe the
indexes will fall,
and bring it down
like before.Probably not: probably
all the weak holders are
gone, and seller’s remorse
will come back with a
vengeance.Oh well. I’ll survive.
Good Luck!
(it should not be
too surprising
if the quarter was
a little weak,
given the macro
economic mood)By the way,
if you bought it
at AmeriTrade, how
did they behave?We’re you able
to buy it over
the internet,
like a regular
stock? -
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