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Non-Tech : NetBank(NTBK)-formerly Atlanta Internet Bank -- Ignore unavailable to you. Want to Upgrade?

To: SFJayhawk who wrote (496)	5/20/1998 8:03:00 PM
From: R.Gluck	Respond to of 2414

......Alan, I know August will come thru with the Billy beer for you....he's a man of his word....I'm really pleased to hear positive words from Interstate-Johnson re Ntbk....now if they're REALLY contrite they'll UPGRADE the stock. BG

To: SFJayhawk who wrote (496)	5/20/1998 8:12:00 PM
From: AugustWest	Respond to of 2414

Okay Allan, you win. I gotta' tell you though, their old and dusty, but a true "billy" fan won't mind. Gotta' make it to the shareholders meetin' next year. bring your fishin' gear too. p.s. if you can get me a link, it might be worth two(2) six packs.

To: SFJayhawk who wrote (496)	5/20/1998 8:41:00 PM
From: AugustWest	Respond to of 2414

This'll do...... Well, I missed being the 10,000th account. I think Mr. Grimes is being cautiously optimistic. Try this math out for size: ".....Deposits at Net.B@nk sweeled by $15-$20 million a month at a time when most banks struggle to keep them...." If they have $160mm on deposite already, by the above figures I come up with $90mm to $120mm more by years end. Add that to current $160 gives me $250mm conservativly. Maybe I'm putting too much expectation on them, but since this egg is just hatching I am expecting a lot of growth fast. Maybe by mid '99 it'll slow a bit. Further, and higher yet assumptions go like this: If they have 10,000 accounts at present with $160mm on deposite, 20,000 accounts(which Mr. Grimes expects),would simply and mathmetically put us up closer to $320mm. Na, is my math right?

To: SFJayhawk who wrote (496)	5/21/1998 12:51:00 AM
From: Philip H. Lee	Read Replies (2) \| Respond to of 2414

>Consumers are drawn to checking accounts that pay up to 4% and require a minimum balance of $100, and by high-yielding certificate of deposits and money markets.< Unfortunately, for the 3.93% interest-earning checking account, there's an annoying $4.50 mandatory monthly fee. That makes roughly a $1,350 balance break-even. You can also get a 3.00% interest rate with no service fee if your checking balance is above $10,000. netbank.com Philip