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

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To: greg Benfield who wrote (466)7/26/1998 3:49:00 PM
From: greg Benfield  Read Replies (1) of 1020
 
I feel CLCK is an innocent bystander that will get hurt by the failure of this bank. I think long term they will recover but they are going to feel the sting of this for awhile. I reread the press release by the FDIC and it seems that on Monday they hope to have a buyer for the bank. They are promising $100,000 per account...but they do not say anything about the Credit cards.
And if by chance the Gov't seized the assets of the bank..will they pay depositor before CLCK. Is this like going into Chapter 11. I think I might be a little sick.
If I hold it will probably drop...If I sell it will probably spike upward.
I am going to have to sleep on this one.

Greg
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