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Non-Tech : USAB (http://www.usabancshares.com) v.s. NTBK -- Ignore unavailable to you. Want to Upgrade?

To: usab_long who wrote (31)	10/12/1999 10:01:00 AM
From: usab_long	Read Replies (1) \| Respond to of 49

Pros w/USAB reposted from: messages.yahoo.com <<<Pros w/USAB by: THB_1966 (33/M/Chicago) 16631 of 16632 1) Insider ownership and buying is extremely important. Tepper alone controls over 10% of USAB (take this for what it?s worth, I?ll provide proof when I get it) rumor has it, a few insiders purchased upwards of 75,000 new shares in the SPO. Last count had them at 1,311,624 shares of 5,401,000 total, or 24%. Who knows more about the company than the insiders? 2) Almost all of the USAB deals are structured similar to the eMachine deal. It will only cost money if and when the partner delivers a new qualified customer. $9.45M may not go very far if they bring in too many new customers. This is a good/bad problem, they need the accounts to drive the share price up and the new accounts will bring in the revenue. Since each new account will cost them $$$, the $9.45M only goes so far. Just like in sales . . . Find us the deal, we?ll get you the $$$ to fund it! USAB met several Internet underwriters on the recent road show who would love to do the next offering. Most people don?t realize this, but there were 15 different underwriters in the SPO, Sandler did 975k and the other 14 divided up the rest. Underwriters who would value them as an Internet company, not a B&M Bank. There are several ways to do an additional offering. Do another SPO . . . probably too time consuming. Do a bond offering . . . probably not, debt doesn?t do the balance sheet much good at this stage. Do a capital offering limited only to institutions with a 12 month minimum hold period on their investment, can be completed within a week or two and no quite period . . . the most likely solution for USAB to raise additional cash. 3) With the SPO completed and behind us, we have about $10M in cash, plenty of institutionals on board, the quiet period is over, we?ve recently joined the NASDAQ, as far as I know all the bad news is behind us (3rd quarter earnings?) and there?s more good announcements to come. 4) Institutional ownership is extremely important, they drive the stock price and they take away some of the growing pains a small company would normally experience at it alone. Institutional?s steer them in the right direction when they need to get something done. They have a vested interest, they have the connections on Wall Street and they want to help USAB succeed! This isn?t a sit back and watch investment for them, they want to help and want results . . . and the results they want are share price appreciation! 5) Alliances look very good on the surface, but results are all that matter and I firmly believe USAB will bring in the new customers with the alliances they have in their pipeline. That?s no hype . . . I put my money where my mouth is and that?s longer than ever USAB! >>>