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Microcap & Penny Stocks : Columbia Capital Corporation-Computerized Banking (CLCK)
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To: Jeffrey L. Henken who wrote (455)7/25/1998 10:05:00 PM
From: greg Benfield  Read Replies (2) of 1020
 
To all:

WOW! Busy at work and what do I see when I get home...sheesh. Okay, here are my questions to this matter and hopefully they can be resolved.

1. After they sell the banks assets off and credit card consumers are considered a bank asset even though they are not an actual deposit...the bank buying them would be buying the client list. Okay..the bank buying them probably has their own credit cards currently..who does them and is there any guarantee that CLCK will retain Best Bank's clientele? This is a huge client and even though CLCK is not involved in the closure of the bank it is definitely affected.
2. Why did the Bank close? Just curious. Is this something that was foreseeable? Meaning did CLCK or Baetz and Gallant know this?

3. On tuesday we had a runup and then slowly sold off on wednesday and thursday....why did no one notice Best Bank being shut down.

4. What is the short term and long term effect on the financials of the company?

I am taking a wait and see attitude with the purchaser of the banks assets. I see one of three things happening.
A. Don't lose accounts...business as usual...good for the company
B. Add new banks accounts...increased revenue...great for the company..(but who does the new banks cards now)
C. Lose Best Bank account...short term devestating loss of revenue...long term....lower revenue growth.
Which one...I am hoping it is not C..but we will not know until later.

Greg
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