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CLARKSTON, Mich., April 29, 2011 (GLOBE NEWSWIRE) — Clarkston Financial Corporation (“Corporation”) (OTCBB:CKFC), the holding company for Clarkston State Bank (“Bank”), today reported a net loss of $38,000 or ($0.03) per basic and diluted common share for the three months ended March 31, 2011, compared to a net loss of $267,000 or $(0.73) per share for the three months ended March 31, 2010.
J. Grant Smith, Clarkston Financial Corporation President and Chief Executive Officer, said, “Although the Corporation posted a small loss for the first quarter, I am proud to announce that we have successfully raised approximately $8,000,000 in new equity. The capital was raised from a combination of local private investors as well as our board of directors, who believe in our mission and successes. All are committed to and are confident in the future of the Bank and the Corporation.
Penny Stocks are stocks traded for under $2 and they represent the small cap companies. They trade on the OTCBB so you will not find them on the major stock exchanges. They are very cheap stocks and normally come for businesses needing capital. They are a very risky investment as the business can go under and leave you with a stock worth nothing. However that being said penny stock trading can be a great money maker, and there are numerous traders who make 6 figures and more from them each year.
The best reasons to trade in penny stocks are the fact that they do not require a large initial investment, meaning that they are an affordable investment for many. Penny stocks are cheap. For example if you were to buy 1000 shares in a company with shares at 10 cents, you would only require an investment of $100, whereas if the shares cost $5 you would require an investment of $5000. Penny stocks also have the potential of huge gains, and have been known to rise as much as 1000% daily. Therefore your $100 investment can be worth $1000. This is very unlikely to happen to other stocks from large cap businesses.
Article source: http://www.globenewswire.com/newsroom/news.html?d=220278