MBN Corporation OSNDF

Share buyback continueing...

[TheRock17]

With their expertise in the oil and gas sector and about $35 million in cash to invest, the question is if they made strategic investments in gas stocks/ITs during their weak summer period. We shall know in the next report, but, if they did do the expected, MBN should increase its NAV considerably, as the gas stocks appreciate over the winter heating season.........Thats my call.. Middlefield Bancorp Limited (MBN) As of October 21st, 2006 Filing Date Transaction Date Insider Name Nature of transaction Securities # or value acquired or disposed of Unit Price Oct 02/06 Sep 30/06 Middlefield Bancorp Limited 38 - Redemption, retraction, cancellation, repurchase Common Shares -5,100 Oct 02/06 Sep 27/06 Middlefield Bancorp Limited 38 - Redemption, retraction, cancellation, repurchase Common Shares 600 $2.790 Oct 02/06 Sep 26/06 Middlefield Bancorp Limited 38 - Redemption, retraction, cancellation, repurchase Common Shares 600 $2.800 Oct 02/06 Sep 25/06 Middlefield Bancorp Limited 38 - Redemption, retraction, cancellation, repurchase Common Shares 600 $2.800 Oct 02/06 Sep 21/06 Middlefield Bancorp Limited 38 - Redemption, retraction, cancellation, repurchase Common Shares 1,300 $2.800 Oct 02/06 Sep 18/06 Middlefield Bancorp Limited 38 - Redemption, retraction, cancellation, repurchase Common Shares 600 $2.800 Oct 02/06 Sep 01/06 Middlefield Bancorp Limited 38 - Redemption, retraction, cancellation, repurchase Common Shares 1,400 $2.870 Sep 06/06 Aug 31/06 Middlefield Bancorp Limited 38 - Redemption, retraction, cancellation, repurchase Common Shares -8,200 Sep 06/06 Aug 31/06 Middlefield Bancorp Limited 38 - Redemption, retraction, cancellation, repurchase Common Shares 600 $2.900 Sep 06/06 Aug 28/06 Middlefield Bancorp Limited 38 - Redemption, retraction, cancellation, repurchase Common Shares 800 $2.850

[uneven]

Hope your right, I am back in today. Betting this volume means something coming.

[TheRock17]

Cant see how you could go wrong, buying $3.75 in cash for $2.75. In addition, there are fewer shares...

[pez4]

Why don't these guys special dividend out the cash.......can't keep sitting on it and paying managent for nothing. Little or no downside at this price