Indymac OTC market cap $13M $0.13c

Discussion in 'Stocks' started by Daal, Jul 30, 2008.

  1. Daal


    Does anyone know why the market is still pricing in equity value there?
    FDIC pays itself(for the money they paid to the insured people)before anybody else get anything, the uninsured depositors are also in front of shareholders, if they are going to get 50c on the dollar then the equity must be worthless no?
  2. That's what I figured too, so I panic sold when shares hit $.08 a share after hours. Couldn't have picked a lower price if I tried. :p
  3. Daal


    I guess as a long there is hope there is value :p
  4. whats there book value? it should not trade below its book value.