Columbia Capital Corporation-Computerized Banking (CLCK) Message Board

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

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To: Arcane Lore who wrote (987)	2/26/1999 7:16:00 PM
From: joe joe	of 1020

Well, just read the filings. More than 80% of the business was with one customer – Best Bank – who was closed by the FIDC! The majority shareholders of the company resigned because they are implicated in the bank failure. See that admission in the press release of November 3, 1998 Lots of talk about new customers – see all the previous news releases – but no new business. See the 8-K filed on February 17, 1999. If you read the 8-K you can see that the company has risked too much, ($1,000,000 of working capital loaned on a non recourse basis), to get the processing revenue generated by the Best Bank portfolio. No conversation about other business? Why? I'm coming to some pretty nasty conclusions about what happened here. *Comments anyone*?

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