tag:blogger.com,1999:blog-8448772781137071684.post353838490439579218..comments2024-03-26T10:02:02.339-11:00Comments on Timyan® Bank Alert: Cardinal Bankshares, Floyd, VA (CDBK)Phil Timyanhttp://www.blogger.com/profile/10406944702623010051noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8448772781137071684.post-59822668829089335712014-12-29T11:39:55.372-11:002014-12-29T11:39:55.372-11:00They appear to have turned the corner (or at least...They appear to have turned the corner (or at least are turning the corner); would you agree?James Machttps://www.blogger.com/profile/03308212800582838356noreply@blogger.comtag:blogger.com,1999:blog-8448772781137071684.post-91881104561166385582012-11-27T15:28:28.197-11:002012-11-27T15:28:28.197-11:00In the two quarters since Lying Leon's departu...In the two quarters since Lying Leon's departure, Cardinal has reported $6.3 Million in pre-tax losses, proving to me that he allowed the bank to avoid taking proper reserves and thus inflating reported results under his tenure.Phil Timyanhttps://www.blogger.com/profile/10406944702623010051noreply@blogger.comtag:blogger.com,1999:blog-8448772781137071684.post-51236295686213577712012-05-23T14:09:04.042-11:002012-05-23T14:09:04.042-11:00Congratulations to The Coalition to Improve the Ba...Congratulations to The Coalition to Improve the Bank of Floyd, Doug Schaller, and ALL the shareholders who voted against Leon Moore in favor of installing three worthy candidates to CDBK's board.<br /><br />I'm interested to see whether the current Directors fulfill Leon's recent threat that they would stand unanimous against shareholder action and resign. Or perhaps that will turn out to be Leon's Lie #4 (or more).<br /><br />I hope the new board will rescind the motion Leon's Board approved obligating Cardinal to pay for Leon's wife's dental care through 2017 (announced in CDBK's May 28 8-K). I'm sure she has a pretty enough smile already. Is it really appropriate for shareholders to have to foot bills of this sort so far out into the future, and for non-employees for that matter?Phil Timyanhttps://www.blogger.com/profile/10406944702623010051noreply@blogger.com