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Microcap & Penny Stocks : Columbia Capital Corporation-Computerized Banking (CLCK)

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To: Arcane Lore who wrote (769)1/17/2008 12:03:36 PM
From: Arcane Lore   of 1020
 
Baetz ,Gallant, and Columbia Capital Corp. mentioned in an article about a 2008 presidential candidate:

Huckabee Lends His Halo to a Strange Penny Stock: Jonathan Weil
2008-01-16 00:03 (New York)


Message 24219896

It should be noted that according to Weil's article, Gallant and Baetz probably have no (or at most minimal connection) with the current company (Flagship Global Health )which is the subject of the article since:

... Flagship completed its takeover of Finity in June 2006,
along with a 1-for-125 reverse stock split, which essentially
wiped out the Florida men's stakes...


(per the article Finity's former name was Columbia Capital Corp.)

A portion of the article may be of particular interest to former CLCK investors:

... Flagship took its first step toward going public in January
2006 by buying a majority stake in a public shell company called
Finity Holdings Inc. A June 2006 proxy statement listed two Fort
Lauderdale, Florida, men, Glenn M. Gallant and Douglas R. Baetz,
as major shareholders, each holding or sharing control of 9.5
percent of Finity's stock after Flagship bought control.

No Mention

The proxy didn't mention their criminal backgrounds.
Gallant and Baetz once were Finity's largest shareholders during
the 1990s when its name was Columbia Capital Corp. A federal
jury in Denver convicted them in 2005 on felony counts of bank
fraud and conspiracy, in connection with the 1998 failure of
Boulder, Colorado-based BestBank, which did business with
Columbia. Both are serving 10-year prison sentences.
...

(Boldface added by me).
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