On Apr 9, 12:05=A0pm, Anonymous Sender <anonym...@[EMAIL PROTECTED]
>
wrote:
> Can we just call all of BCSB management (Board of Directors including
> Joseph J. Bouffard) a BUNCH OF FAT ****ING PIGS?
>
> The shares of BCSB which many bought back in 1998 will be worth just
> 52.64 cents on the dollars after BCSB re-values the price of those
> shares. Now you know why BCSB President Joseph J. Bouffard and the rest
> of BCSB Board of Directors refused to buy exisiting shares of BCSB and
> will wait for the new shares of BCSB to be issued before buying!
>
> WHAT A BUNCH OF THIEVES!
>
> BCSB Bankcorp, Inc. Announces Anticipated Closing Date for Second Step
> Conversion
> Tuesday April 8, 9:15 am ET
> Closing Planned for April 10, 2008
>
> BALTIMORE, April 8, 2008 /PRNewswire-FirstCall/ -- BCSB Bankcorp, Inc.
> (Nasdaq: BCSB - News), holding company for Baltimore County Savings
> Bank, F.S.B. announced today that it anticipates closing its second
> step conversion transaction on April 10, 2008.
> ADVERTISEMENT
>
> A total of 1,976,538 shares of common stock, the minimum of the
> offering range, are expected to be sold in the subscription, community
> and syndicated community offerings at the price of $10.00 per share,
> including 122,197 shares to be purchased by the Baltimore County
> Savings Bank, F.S.B. Employee Stock Owner****p Plan. As part of the
> conversion, existing shares of BCSB Bankcorp will be converted into the
> right to receive 0.5264 shares of BCSB Bancorp common stock based on
> the current 5,929,743 outstanding shares of BCSB Bankcorp. The exchange
> ratio ensures that, after the conversion and offering, the public
> shareholders will maintain approximately the same owner****p interest in
> BCSB Bancorp as they owned in BCSB Bankcorp. Cash will be issued in
> lieu of fractional shares based on the offering price of $10.00. Total
> shares outstanding after the stock offering and the exchange are
> expected to be approximately 3,121,301 shares.
>
> As a result of the conversion and offering, Baltimore County Savings
> Bank, M.H.C. and BCSB Bankcorp will cease to exist, and BCSB Bancorp,
> Inc., the Maryland cor****ation formed to facilitate the conversion,
> will become the parent holding company of Baltimore County Saving Bank
> and will be wholly owned by public stockholders. The conversion and
> offering are expected to be completed at the close of business on April
> 10, 2008. The closing of the transaction is subject to the satisfaction
> of customary closing conditions.
You can blame BCSB's management pigs for decreasing shareholder value:
BCSB Executive Officers:
Joseph J. Bouffard, President and Chief Executive Officer of BCSB
Bancorp
Anthony R. Cole, Executive Vice President and Chief Financial Officer
of BCSB
Daniel Wernecke, Executive Vice President and Chief Lending Officer of
BCSB
David M. Meadows, Executive Vice President, General Counsel of BCSB
Bonnie M. Klein, Senior Vice President, Treasurer and Controller of
BCSB
BCSB Directors:
Henry V. Kahl
Michael J. Klein
Ernest A. Moretti
William J. Kappauf, Jr.
H. Adrian Cox
William M. Loughran
John J. Panzer, Jr.
THESE PIGS ARE LAUGHING ALL THE WAY TO THE BANK!
Here's a fairly detailed description of the pigs:
http://baltcosavings.tripod.com/
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