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Clinton Group Still Bullish on Community Financial

Clinton Group, Community Financial: In an amended 13D filing with the SEC a few minutes ago, Clinton Group reported a 9.9% stake in Community Financial Shares Inc (OTCMKTS:CFIS), which represented the same amount Clinton reported in June. The actual purpose of today’s filing was to note that Community Financial gave the firm the right to exercise non-dilution rights, which would help Clinton if Community Financial has plans to issue lower-priced equity in the future.

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Shares of Community Financial are up nearly 60% in the past week.

Disclosure: none

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