Another ugly day for CLCK Greg but I don't think there will be that many more of them for CLCK holders. Oh sure those who are most negative about CLCK would say, "Yes Jeff you're right because CLCK is going to zero!"
Don't you dare believe them.
Columbia Capital has had one of the darkest clouds hanging over it of any company I have ever had the pleasure, or currently displeasure, to own shares in but this pain will end and hopefully soon.
Remember this press release?
FORT LAUDERDALE, Fla., Aug. 25 /PRNewswire/ -- Columbia Capital Corp.
(BB: CLCK) announced today that its credit card revenues since the closing of BestBank, its largest customer, by the FDIC, have been unaffected. Columbia's wholly-owned subsidiary First Independent Computers, Inc. (FICI) continues to provide processing services for the FDIC as it did for BestBank. Numerous rumors have been circulating about the nature and extent of the Company's operations and revenue. The Company has put out this release to set the record straight. According to Ken Klotz, president of Columbia, the closure of the bank has opened up a number of doors for us in developing new customers. He stated, "As other financial institutions take over the many existing BestBank programs, we are developing new client banks, who may also have other business that requires our processing capabilities. Some of those institutions are presently struggling with what to do since their present processors are not Year 2000-compliant. Klotz went on to say that he expected to announce several new client banks in the next few weeks, as contracts are being signed. Columbia Capital Corp. operates through its wholly-owned subsidiary, First Independent Computers, Inc., which is a multi-faceted information and transaction processing service organization. The services provided by the Company include credit and debit card processing, transaction processing for the health care industry, bank and financial services processing and document management and distribution services. The Company concentrates on a niche market, consisting of small to medium-sized financial institutions, and health care providers that have not achieved the economies of scale to operate their own in-house programs and systems.
Forward-looking statements in this press release are necessarily subject to risks and uncertainties, which may affect the accuracy of such statements. Such risks may include any delays in the addition of business or loss of existing customers. For a full discussion of such risks, please refer to the Company's Form 10-KSB for the fiscal year ended December 31, 1997 and subsequent filings. The company undertakes no obligation to update such factors or to publicly announce the results of any revisions to the forward-looking statements contained herein.
fast.quote.com
You want my best guess? The people at CLCK have been working their tails off to find someone new to sponsor the portfolio that was formerly associated with the FDIC. They know just like we do that the naming of Baetz and Gallant in that civil suit will continue to put a damper on enthusiastic buying by investors. That's bad for current shareholders but good for anyone looking to buy cheap because if the FDIC wanted to close down CLCK they would have named it in the civil suit.
DID THAT HAPPEN?.........NO
So anyone looking for a little extra green after the Christmas tree starts to dry up should consider making a small investment right here as soon as possible.
It could pay off in a big way!
We could be in for a holiday deluge of good news. Hope you had a Happy Thanksgiving.
Regards, Jeff |
