Hello, fellow rebel capitalists, hope you're well, so breaking news.

Another bank stock is crashing.

I mean crash, I'm talking about down 27%

just in the last few minutes.

So I don't even know if this is in the mainstream media yet.

So let's go right over to Twitter or X or whatever the stupid name is now and check this out. So here we go. Bank of

California in Advanced Talks to Buy Pack West. Now the initial thought here is well usually

when a business acquires another business it's at a higher price and that

makes the stock go up. But now this is making the stock of Pack West plummet.

Now this says it's down 10%, but this is an hour ago and we see another tweet from just

well this is from an hour ago as well and this is showing that it's down over 27%, but then this is saying that the stock has been halted multiple times today.

That's usually not a good sign, I would say it's double not a good sign

when your bank is being acquired but instead of your share price going up, it's going down.

I think, and I'm by no means an expert in mergers and acquisitions or any of that, so take this

with a grain of salt.

But just me kind of trying to use some common sense. It seems as though the market is

predicting the reason they were taken over is because they were failing. And

therefore Bank of California came in and purchase them, but they did not purchase them at a market

cap or the equivalent of wherever the shares were trading today.

They most likely purchased them at a much, much lower price. And again, I want to be very, very clear. I know nothing

about mergers and acquisitions. I don't know how that works. I've never studied it. I've never

talked about it on a white board.

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