MASP, GSLA, BOVA Sock Watch Repored by BestOtc.com
ASS Petroleum has been continuing its efforts to determine key areas of interest through evaluating oil and gas assets with development and drilling upside potential. Mass Petroleum has determined the Kansas areas provide low-risk, multi-well oil and gas investments via direct participation programs through a direct ownership position in the wells or joint venture opportunities. Key facts about Kansas oil production include;
* The first oil well in Kansas was drilled in 1860.
* Currently Kansas produces oil and gas in 89 of the 105 counties.
* Over 4000 permits to drill have been issued in Kansas to date.
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GS Financial Corp. (Nasdaq:GSLA) the holding company for Guaranty Savings Bank (”Guaranty”), reported earnings for the quarter ended June 30, 2010 of $138,000, or $0.11 per share basic and diluted, compared with earnings of $503,000, or $0.40 per share basic and diluted, for the same period in 2009. Earnings for the first half of 2010 were $87,000, or $0.07 per share basic and diluted, compared with earnings of $881,000, or $0.69 per share basic and diluted, for the first six-months of 2009.
President Stephen E. Wessel commented, “We are reporting net income of $138,000 for the second quarter. Our results for the quarter reflect continued improvements in net interest income, which increased by 21.4%, and in our net interest margin. However, our bottom line was adversely affected by our need to increase our allowance for loan losses and to write-down the value of certain foreclosed properties, reflecting the challenges we face in the continuing recession.”
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Bank of Virginia (Nasdaq:BOVA) (www.bankofva.com) held its annual meeting of shareholders on Tuesday, July 20, 2010 at the Holiday Inn Koger Center in Richmond, VA.
Frank Bell, III, President and Chief Executive Officer of Bank of Virginia and Kenneth P. Mulkey, Senior Vice President and Chief Financial Officer, provided a business and financial update to shareholders.
During the meeting, shareholders approved all items proposed for vote by the board of directors.
On a particular note, shareholders approved the proposal to issue common stock to Cordia Bancorp, Inc. The investment could be up to $15 million.
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