SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Columbia Capital Corporation-Computerized Banking (CLCK)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Stephen O who wrote (879)12/3/1998 9:15:00 AM
From: Jeffrey L. Henken  Read Replies (1) of 1020
 
CLCK has been processing these cards since July for the FDIC. You have absolutely no empirical evidence that this is not a tremendous working relationship. In fact CLCK derived record revenues in their third quarter:

biz.yahoo.com

My best guess is that they will record record revenues in the 4th quarter as well.

Have you ever called Columbia Capital? Do you read the company press releases?

I don't think you have. If you had you would not have written these lines:

>Let me see if stupid me understands this. The FDIC sells the credit card accounts to another bank. This bank will have either an inhouse system or will have a processing contract with another company like First Data Corp. This bank will continue to process with CLCK. I don't think so.<

You may not think so Stephen but you do NOT know.

I think that CLCK will continue to process this portfolio but I cannot be 100% certain. At least I have called the company. I least I read this press release:

Columbia Capital Corp. Responds to Rumors, Announces No Drop in Credit Card Revenues Due to Failure of Bestbank; Bank Failure Results in New Customers for Company:

fast.quote.com

As for the PICS and Millennium contracts? I believe they will generate plenty of revenues in the future. As of today? Not yet.

Regards, Jeff
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News