No sense asking the idiot known as "keeper". Just some scumbag board maggot addicted to the internet, fearmongering and misinformation. He has admitted needing to get the price of the stock down to .11 cents at this point to break even on his short coverings, so nothing he posts makes any sense at all.

IBCP may have to ask for an A/S increase. They took a larger than expected loss due to problems with a warranty firm they finance. Hopefully they'll be unloading that before increasing dilution. And the general Michigan economic situation is running a bit behind the coasts as usual in any recession. This time the magnitude of that is reflected by the magnitude of this historic recession however. These factors combined to generate a loss of (.74) cents a share this past quarter. Estimates projected a loss of (.10). The bank will survive but the share price may stabilize at around $1.15 once the MMs get all their buds unwound by running it back and forth between .80 cents and $1.45 for awhile. Are there serious problems? Yes. Can they be worked through? Yes. The recovery and profitability of Ford is going to be a large factor as is the projected profitibility of Chyrsler. Eventually GM will come around in a year or so and things will begin to improve. In the meantime don't be expecting any great news for the next three quarters although it should be improving steadily from here. Don't expect to ever see $20 a share prices or a large percentage dividend in the next ten years. Ain't gonna happen.

The best advice I could give anyone is to ignore the walking human septic tank who calls himself "keeperoftheq". The alias is supposed to intimidate everyone into believing he can have their posts booted at any time. He's a moron slug using unrelated articles, a random sentence generator and disassociated thinking to cover the board in negative, baseless gibberish meant to libel and project harm on IBCP. Their attorneys know who he and the people associated with him are through subpoena, are in contact with other companies they have libeled and have archived posts containing blatant and specific IBCP libel for future prosecution if warranted. Ignore him.

If you are way underwater, hold your shares. If you aren't down more than 20%, I'd dump them and check in in another 6-12 months. There are better banking investments out there. Use stops next time like I do. Takes all the emotion (and the big losses) out of the equation.