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Non-Tech : NetBank(NTBK)-formerly Atlanta Internet Bank
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To: Bruce A. Thompson who wrote (1852)6/4/1999 3:02:00 PM
From: Kat  Read Replies (1) of 2414
 
Thanks. a lot to digest. Found one interesting thing in quick look though. If this copies, could this info be the reason behind desire to increase # of shares? "Carolina First Corporation currently owns more than five percent of our
outstanding common stock. As a result, Carolina First Corporation is subject to
certain Federal Reserve Board regulations regarding its relationship with
Net.B@nk. Until Carolina First Corporation owns less than five percent of our
outstanding common stock, we will not engage in any activities that are not
permissible under applicable Federal Reserve Board regulations."
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