What is the current status of cash on hand and SEBC net operating loss carryovers, and what number of shares of SEBC common stock are outstanding?
The Trustee has the following approximate cash on hand as of April 30, 2007: Southeast Banking Corporation: $6.1 million Southeast Bank, N.A. $10.8 million The net operating carryover of SEBC as of December 31, 2005, was $801,586,099. According to SEBC’s 10Q filing for the fiscal year ended December 31, 1990, there were 34,329,064 million shares of common stock outstanding as of that date.
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