Remember that a Bank like Wells Fargo can save $350 million in taxes first year so they are getting this bank for a net of $50 million! Silvergate cannot announce any offers unless they are concrete and ready to be accepted, but I would not short this stock any more at $1.50. The upside risk is much larger than downside. It is amazing how you get insight by talking to employees of Silvergate who have lost their jobs or are soon going too.$Silvergate Capital(SI)$
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