Liquidation: Harvard Illinois Bancorp (OTC:HARI)

I’ve picked up a few shares of Harvard Illinois Bancorp (OTC:HARI). This is a liquidation that could offer a reasonable return depending on the final liquidating distribution(s). I think it is pretty unusual for a bank to liquidate. The reason for the liquidation is that the company ran into big problems in 2014 when it […]

Elamex (OTC:ELAMF) is not as dark as it seems

This post is going to be a bit different from other posts on this blog. I have limited information about this “dark” company, so I can’t produce a detailed write-up. My main goal with this post is to bring some attention to this company. Usually I’m happy to own stuff like this in silence, but […]

Waxman Industries buys out shareholders at 12% of BV

Most readers of this site have probably seen some examples of unfair treatment of minority shareholders in buyouts. The MBO at Japanese company Uehara Sei Shoji which I wrote about last week is a recent example from my portfolio. Every now and then you come across something that seems extreme though. The buyout price offered […]

Acquisition offer for Company 5

An acquisition offer for “Company 5” (published on VIB premium on June, 28) was made yesterday. Company 5 is County First Bank (OTCMKTS:CUMD) and is being acquired by The Community Financial Corporation (NASDAQ:TCFC), which is a larger, Nasdaq-listed bank. The press release can be found here.