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

To: Jeffrey L. Henken who wrote (548)	8/25/1998 2:19:00 PM
From: Tensane 1	Respond to of 1020

Jeff, I had a conversation with Ken Klotz last week at which time he told me that CLCK is getting paid in only a few days from when they do the processing work for the FDIC. He also said that numbers of are pretty much the same as before, and that there will be no new customers coming from the FDIC. Bottom line:we are paid by the amount of transactions processed and unless there are cards revoked because of bad debt, then nothing has changed from before. This article really has no bearing on CLCK at all. Kevin

To: Jeffrey L. Henken who wrote (548)	8/25/1998 2:59:00 PM
From: marty009	Read Replies (2) \| Respond to of 1020

Jeff, I have no financial interest here re. this stock. I am neither long nor short. I am only concerned that some investors might be in over their head and exposed to potential risk that they are not aware of. I certainly don't understand how Kevin can state in his reply to you that "this article has no bearing on CLCK at all." Any statements I make concerning this situation are purely my opinion.

To: Jeffrey L. Henken who wrote (548)	10/31/1998 8:25:00 AM
From: Arcane Lore	Read Replies (5) \| Respond to of 1020

A Sun-Sentinel article on BestBank, Baetz, Gallant et al: The Federal Deposit Insurance Corp. has filed a civil complaint in the shutdown of a small Colorado bank that names the bank's two top officers as well as two Fort Lauderdale entrepreneurs whose companies ran its credit card program. ... The agency, which alleges fraud, conspiracy and racketeering under Colorado's Organized Crime Control Act, is seeking damages of more than $402 million, or three times the bank's alleged losses of more than $134 million. Triple damages are allowed under the act. Meanwhile, the Colorado Division of Banking and the FDIC continue an investigation which could lead to criminal charges, Colorado Bank Commissioner Richard Fulkerson said. The U.S. Attorney's Office would decide whether to file criminal charges. The two entrepreneurs, Douglas R. Baetz and Glenn M. Gallant, own or control three separate Fort Lauderdale businesses -- one publicly traded -- that marketed, processed and handled customer service for credit cards issued by BestBank. ... Columbia Capital was not named in the FDIC complaint. It is not clear from the article whether Baetz and/or Gallant are targets of the investigation which could lead to criminal charges. sun-sentinel.com A related article: FDIC targets BestBank execs denverpost.com