Independent Bancshares (PINK:IBFL) may only be traded once in a blue moon, yet it is enough to muddy the waters on the stock market.
Following a week’s absence from the spotlight, IBFL stock made a trade to remember yesterday, both in terms of price and volume. On the one hand, IBFL skyrocketed from $0.03 to $0.25 per share, marking a staggering 733% improvement in value. On the other hand, IBFL shifted more than 947 thousand shares, which the highest turnover generated in the fourteen sessions in which IBFL took part during the last 52 weeks.
The echo of this performance was so strong that The Stock Psycho and Mister X immediately launched a newsletter alert campaign to boast about how IBFL had turned out to be ‘the biggest gainer in the entire market’. No doubt, IBFL’s spectacular run has favoured some of the most active market players, leaving others bitterly disappointed. However, according to a poster at a famous investment forum, The Stock Psycho was described as a ‘criminally negligent promoter’.
Independent Bancshares filed a Form 15 with the SEC in February, 2010. Neither pfficial news, nor financial reports have been submitted in any other form since then. That is why, the current situation of IBFL is shrouded in mystery.
