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Microcap & Penny Stocks : Columbia Capital Corporation-Computerized Banking (CLCK) -- Ignore unavailable to you. Want to Upgrade?

To: Bill Rogers who wrote (462)	7/26/1998 10:11:00 AM
From: Jeffrey L. Henken	Read Replies (1) \| Respond to of 1020

It's true Bill that every investor has their own agenda. However you must realize that we are all somewhat transparent when it comes to determining where our agenda actually lies. Greg and I are among the unfortunate investors who did not take profits. We would like to look at this situation and hope for the sake of the shares we already own that the worst is over. That may in fact be true, because the stock recovered quite nicely from the low of the day at 2 7/8's to close only 15% down. It's impossible to say for certain that the worst is over or that the BestBank situation will be resolved in any kind of a positive fashion. There may be many investors who missed the carnage on Friday, like Greg did, and now find themselves faced with the buy, sell or hold question. You ask when we will see numbers on the Millennium Health Card deal or perhaps the deal with The Check Cashing Store? I'm hoping August since they stated in the last press release that these accounts would be set up to be processed sometime next month: biz.yahoo.com The Company continues to add new business and to fulfill its obligations to current and new customers such as Millennium Health Card and The Check Cashing Stores. These new customers will begin adding accounts in August 1998. The thing about the bank closure is that the resolution of the situation may come quite quickly. According to the news from the FDIC it could reopen as early as Monday under new ownership: fdic.gov The FDIC is attempting to arrange a transaction under which the failed bank's insured deposits will be assumed by a healthy bank and reopen for business no later than Monday, July 27, 1998. If this effort proves unsuccessful, the FDIC will move immediately to make available depositors' funds up to the statutory insurance limit of $100,000. The FDIC expects to make an announcement of the outcome of its efforts within the next few days. If I were thinking about buying more CLCK based on the undeniably bad news I would do it in this fashion. Pick up some early in the morning, when those who are scared may outnumber those who are greedy. In the afternoon I would wait to see if there is news on the wire on the BestBank sale and hope for one of two things. One, it's good news and therefore the shares I got might be as cheap as I will ever get in CLCK again. Two, it's bad news and therefore I can get even more cheap shares because CLCK has lots of other business they are going to be processing. Now this is just an idea. All investors should do their own due diligence. Make some phone calls and ask questions of you own. Regards, Jeff