Quo
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Bullish open, again ..and now some tree shaking (every day the same) - MM`s still play with NTBK! LOL
NTBK beautiful bullish chart!
http://www.investorshub.com/boards/read_msg.asp?message_id=20813509
ROFLMAOOO ..that`s life! Life isn`t fair - it`s hard and in an unfair way, isn`t it? LOL
..this is my secret! LOL
SEC MUST DO SOMETHING - if not something is wrong with our system! ..we have to be patient I think!?
Is O/S and A/S still the same? Anybody called TA recently?
NTBK could fly high - it`s a NASDAQ stock - PPS must go to at least 1 USD, if they want to stay there, AND FOR SURE THEY WANT - believe me!
Chart is looking very bullish, totally agree! Next leg up is coming!
NTBK could fly high - it`s a NASDAQ stock - PPS must go to at least 1 USD+, if they want to stay there, AND FOR SURE THEY WANT - believe me!
Chart is looking very bullish, totally agree! Next leg up is coming!
Welcome Penny_TA, my friend - VERY NICE to see you here!! NTBK is well prepared for a major breakout!
Let`s fly to da moon together with this rocket-stock!
The restricted shares from the ex-JPHC-shareholders are not restricted any more!
They were only restricted for exactly 1 year!
Mon, May 21, 2007
8:00 AM NetBank Reaches Agreement With EverBank for Sale of Select Assets and Assumption of Deposit Liabilities - PrimeNewswire
Tue, May 15, 2007
5:00 PM NetBank, Inc. Receives Additional NASDAQ Notice of Non-Compliance - PrimeNewswire
Tue, May 01, 2007
4:16 PM NetBank Sells ATM and Merchant Servicing Operation - PrimeNewswire
Fri, Apr 06, 2007
4:00 PM NetBank, Inc. Honors Director Robin Kelton - PrimeNewswire
Fri, Mar 23, 2007
4:45 PM NetBank, Inc. Receives NASDAQ Notice of Non-Compliance - PrimeNewswire
Wed, Feb 21, 2007
6:30 AM NetBank, Inc. Reports Results for Fourth Quarter 2006 - PrimeNewswire
Mon, Jan 08, 2007
9:01 AM NetBank, Inc. Closes Private Placement of Common Stock - PrimeNewswire
Wed, Jan 03, 2007
9:00 AM NetBank, Inc. Announces Pricing of Private Placement of Its Common Stock - PrimeNewswire
Thu, Nov 16, 2006
10:15 AM Marriott Rewards(R) Members Save Their Way to a Free Vacation With NetBank - PR Newswire
Wed, Nov 08, 2006
7:00 AM NetBank, Inc. Reports Third Quarter Results - PrimeNewswire
Tue, Nov 07, 2006
4:30 PM Financial Technologies, Inc. Announces Decision to Close - PrimeNewswire
4:00 PM NetBank, Inc. Appoints Christopher H.B. Mills to Its Board of Directors - PrimeNewswire
Mon, Nov 06, 2006
9:00 AM NetBank, Inc. Continues Strategic Reorganization With Disposition of Meritage Mortgage and Beacon Credit Services - PrimeNewswire
Fri, Oct 13, 2006
9:08 AM NetBank Sells Majority of Its Mortgage Servicing Rights - PrimeNewswire
Wed, Oct 11, 2006
5:30 PM NetBank Makes Draft of 2007-2008 CRA Strategic Plan Available for Public Review - PrimeNewswire
Tue, Oct 03, 2006
7:00 AM NetBank, Inc. Announces Change in Executive Leadership - PrimeNewswire
Wed, Sep 20, 2006
8:30 AM NetBank Recognized in Gartner's CRM Excellence Awards - PrimeNewswire
Wed, Sep 13, 2006
8:30 AM NetBank Announces Marketing Alliance With ATA Airlines - PrimeNewswire
Fri, Sep 08, 2006
8:30 AM Danielson Joins Market Street Mortgage as Loan Officer - PrimeNewswire
Thu, Aug 24, 2006
8:30 AM NetBank Announces Marketing Alliance With uBid.com - PrimeNewswire
Tue, Aug 08, 2006
6:30 AM NetBank, Inc. Reports Loss of $.68 per Share for the Second Quarter - PrimeNewswire
Thu, Jul 20, 2006
8:30 AM NetBank Announces Marketing Alliance with Hilton HHonors - PrimeNewswire
Wed, Jul 12, 2006
9:01 AM Financial Technologies, Inc. Adds First Horizon Bank to QuickPost Deposit Forwarding Service - PrimeNewswire
9:00 AM Check 21 Makes Quicker Deposits Available to Customers of First Horizon Bank Practically Anywhere in the Country - PrimeNewswire
Thu, Jul 06, 2006
8:30 AM Financial Technologies, Inc. Adds Dime Savings Bank to QuickPost Deposit and Payment Forwarding Service - PrimeNewswire
Thu, Jun 22, 2006
8:30 AM NetBank Funding Services Introduces New Tools to Streamline Loan Submission Process and Simplify Closing Packages - PrimeNewswire
Thu, Jun 15, 2006
8:30 AM NetBank Announces Marketing Alliance with Marriott Rewards - PrimeNewswire
Wed, May 24, 2006
8:30 AM NetBank Announces Marketing Alliance With ShopAtHome.com - PrimeNewswire
Wed, May 17, 2006
8:30 AM NetBank, Inc. Named as Finalist in 2006 American Business Awards - PrimeNewswire
Tue, May 16, 2006
8:30 AM NetBank Payment Systems Names De Lone Wilson President - PrimeNewswire
Thu, May 11, 2006
8:30 AM Silver Hill Financial(R) Announces Strategic Alliance With Netbank(R) for Small-Balance Commercial Loans - PR Newswire
8:30 AM NetBank Introduces Commercial Loans for Small Businesses - PrimeNewswire
Thu, May 04, 2006
8:30 AM NetBank Named International Success Strategy Winner By AberdeenGroup - PrimeNewswire
Wed, May 03, 2006
8:30 AM NetBank, Inc. Holds Annual Meeting of Shareholders - PrimeNewswire
Mon, May 01, 2006
7:30 AM NetBank, Inc. Pursues Possible Sale of its Mortgage Servicing Platform and Asset - PrimeNewswire
Tue, Apr 18, 2006
8:30 AM NetBank Payment Systems Receives the 2006 Reader's Choice Award From Convenience Store Decisions - PrimeNewswire
Mon, Apr 17, 2006
7:00 AM NetBank, Inc. Analyst-Investor Meeting Focuses on Long-term Outlook and Key Initiatives - PrimeNewswire
Tue, Apr 04, 2006
12:19 PM AberdeenGroup Selects SSA Global Customer, NetBank, as Customer Intelligence Success Strategy Winner - Canada NewsWire
12:13 PM AberdeenGroup Selects SSA Global Customer, NetBank, as Customer Intelligence Success Strategy Winner - PR Newswire
Thu, Mar 30, 2006
8:30 AM NetBank and BizFilings Team Up to Serve Small Businesses - PrimeNewswire
Tue, Mar 28, 2006
6:16 PM Financial Technologies, Inc. Adds Navy Federal Credit Union to QuickPost Deposit and Payment Forwarding Service - PrimeNewswire
Mon, Mar 20, 2006
8:30 AM NetBank, Inc. Schedules Annual Analyst-Investor Meeting - PrimeNewswire
Thu, Mar 16, 2006
8:30 AM NetBank Announces Marketing Alliance With the Lehigh University Alumni Association - PrimeNewswire
Tue, Mar 14, 2006
8:30 AM NetBank Payment Systems Launches Community Bank Cooperative Program - PrimeNewswire
Thu, Mar 09, 2006
8:30 AM Financial Technologies, Inc. Adds ebank to QuickPost Deposit and Payment Forwarding Service - PrimeNewswire
Wed, Mar 08, 2006
8:30 AM NetBank Announces Marketing Alliance With drugstore.com - PrimeNewswire
Tue, Mar 07, 2006
8:30 AM NetBank Announces Marketing Alliance with OnRebate.com - PrimeNewswire
Fri, Mar 03, 2006
8:30 AM NetBank Receives Regulatory Approval of Amended 2005-2006 CRA Strategic Plan - PrimeNewswire
Thu, Feb 09, 2006
8:30 AM NetBank Announces Marketing Alliance with TigerDirect.com - PrimeNewswire
Tue, Jan 24, 2006
8:30 AM NetBank Announces Marketing Alliance With Broadband National, Inc. - PrimeNewswire
NTBK
NTBK
...The transaction is expected to close by the end of June 2007... COUNTDOWN for launching NTBK-skyrocket to da MOON!
Recent NEWS:
May 21, 2007 - 8:00 AM EDT
NetBank Reaches Agreement With EverBank for Sale of Select Assets and Assumption of Deposit Liabilities
Transaction is Expected to Close by End of June 2007; NetBank Begins Immediate Shut-Down of Third-Party Mortgage Origination Business
ATLANTA, May 21, 2007 (PRIME NEWSWIRE) -- NetBank, Inc. (Nasdaq:NTBK), parent company of NetBank (www.netbank.com), an online financial services provider and national prime mortgage lender, today announced that the bank has executed an asset purchase and liability assumption agreement with EverBank, an FDIC-insured, federal savings bank and subsidiary of EverBank Financial Corp., a privately held financial services holding company headquartered in Jacksonville, Fla., with approximately $4.7 billion in assets. The purchase price represents a discount to the current carrying value of the assets and liabilities being conveyed, and NetBank anticipates recording a loss on sale of between $60 and $70 million at close.
The transaction is expected to close by the end of June 2007, subject to regulatory approval, and relates to the broader initiative the company began earlier in the year to consider strategic alternatives that would allow management to serve the interests of its customers, while protecting the company's equity position from continued erosion. The company has been under extreme financial pressure for more than a year due to a difficult mortgage origination market, a flat yield curve environment and other factors. These pressures have resulted in large operating losses that have significantly reduced the company's capital position and prompted heightened regulatory oversight.
NetBank worked closely with regulators as it evaluated various opportunities. Regulators have been increasingly concerned about the bank's capital and earnings trends and advised management to find an alternative immediately that covered all of the bank's deposit obligations. NetBank and EverBank expect to execute a separate transition service agreement where NetBank will continue to support the deposit relationships after the close until EverBank converts these relationships to its core online banking platform sometime in the third quarter.
The primary assets and liabilities in the transaction include:
* The bank's held for investment loan portfolio;
* All of the assets and liabilities of NetBank Business Finance, the
bank's small business equipment leasing and financing operation;
* The bank's $2.5 billion in core and brokered deposits; and
* The NetBank brand and related trademarks and service marks.
Management Commentary
"In spite of our best efforts to improve the company's operating profile through the restructuring plan we undertook last year, our company has remained very vulnerable and at risk due to the weakened fundamentals of our core businesses," said Steven F. Herbert, chief executive officer, NetBank, Inc. "Our mortgage operations continue to struggle in the face of a highly competitive marketplace, especially the third-party origination channel. Bank earnings have also fallen sharply as we have had to de-leverage the balance sheet in order to maintain risk-based capital ratios within appropriate regulatory guidelines.
"Our effort to manage and address these pressures was further complicated by the delay of the annual audit and greater day-to-day regulatory oversight and involvement.
"The board of directors and executive management team have spent considerable time and effort over the past several months reviewing every opportunity presented to us as well as working to create others," Herbert continued. "In contemplating any action, we had the interests of our shareholders, customers and employees firmly in mind.
"The transaction we are announcing today monetizes a significant portion of the company's assets and will allow the bank to fulfill all of its deposit liabilities. EverBank offers a full line of products with industry leading deposits rates. It is better positioned than almost anyone else in the online banking marketplace to build on the value proposition that our customers came to us for in the first place.
"By transferring the deposit relationships and resolving the chief concern of regulators, we are now positioned to move forward with other restructuring initiatives, such as the shutdown of our third-party mortgage origination business, NetBank Funding Services.
"Our remaining businesses will include our mortgage servicing operation, along with our retail prime mortgage franchise, Market Street Mortgage," Herbert concluded. "We are actively evaluating their long-term strategic alternatives as well as those of the parent company as a whole. We have also retained our CMC claim and the deferred tax asset that we generated in the fourth quarter of 2006. After consummation of the EverBank transaction, we will focus intensely on prosecuting the CMC sureties and pursuing our claim against them, which we now estimate at $150 million."
Additional Details & Conference Call Information
NetBank and its affiliate, MG Reinsurance, a captive mortgage reinsurance operation, are finalizing additional agreements with EverBank. EverBank intends to acquire the bank's held-for-investment portfolio of mortgage servicing rights ("MSRs"). The loans associated with these MSRs currently have an underlying principal balance of $3.2 billion. EverBank also plans to purchase select assets and assume associated liabilities of MG Reinsurance.
NetBank has begun a shut down of its third-party conforming mortgage business, NetBank Funding Services. The process is expected to be complete in approximately 60 days. The unit has stopped taking locks on loans from its correspondent and broker partners but will honor locks in its pipeline through specified dates that the company will communicate today.
NetBank initiated litigation in 2002 over lease receivables originated by Commercial Money Center, Inc. ("CMC"). The CMC lease receivables that NetBank had purchased as an investment carried insurance policies or surety bonds guaranteeing payments in full in the event of a shortfall. NetBank pursued collection under these policies and bonds shortly after it ceased receiving payments on these investments. To date, the sureties -- which include Illinois Union Insurance Company, Royal Indemnity Company and SAFECO Insurance Company of America -- have not honored their obligations.
Management has scheduled an analyst-investor call to discuss the EverBank transaction. The call will be held today at 11 a.m. EDT. Interested parties may dial in or listen via an audiocast on the company's Web site.
Call Title: NetBank Investor Call
Call Leader: Steven F. Herbert
Pass Code: NetBank
Domestic: 888-677-1895
International: +1-210-795-9306
One-Week Replay: 866-511-1889
About NetBank, Inc.
NetBank, Inc. (Nasdaq:NTBK) is a financial holding company that operates a family of businesses focused primarily on consumer and small business banking, as well as conforming mortgage lending. The company's businesses have a shared value proposition of providing consumers in select markets an attractive combination of price, service and experience through skilled associates and advanced technology systems. Retail brands include NetBank and Market Street Mortgage. For more information, please visit www.netbankinc.com.
Forward-looking Statements
Statements in this press release that are not historical facts are forward-looking statements that reflect management's current expectations, assumptions, and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements in this press release include, but are not limited to, the expectation: A) that final regulatory approval will be obtained and the closing of the transaction with EverBank will close by the end of June 2007; B) that we will be able to successfully prosecute our claims against the CMC sureties; and C) that we will complete the shut down of NetBank Funding Services within 60 days. These forward-looking statements are subject to a number of risks and uncertainties that may cause actual results and future trends to differ materially from those expressed in or implied by such forward-looking statements. The Company's consolidated results of operations and such forward- looking statements could be affected by many factors, including but not limited to: 1) the evolving nature of the market for internet banking and financial services generally; 2) the public's perception of the internet as a secure, reliable channel for transactions; 3) the success of new and existing products and lines of business considered critical to the company's long-term strategy; 4) potential difficulties in integrating the company's operations across its multiple lines of business; 5) the cyclical nature of the mortgage banking industry generally; 6) a possible decline in asset quality; 7) changes in general economic or operating conditions that could adversely affect mortgage loan production and sales, mortgage servicing rights, loan delinquency rates and/or loan defaults; 8) the possible adverse effects of unexpected changes in the interest rate environment; 9) adverse legal rulings, particularly in the company's litigation over leases originated by Commercial Money Center, Inc.; 10) increased competition and regulatory changes; 11) any delay or difficulty in completion of the 2006 audit and the preparation of the first quarter financial statements; and 12) any material adjustments necessary as a result of the 2006 audit. Further information relating to these and other factors that may impact the Company's results of operations and such forward-looking statements are disclosed in the Company's filings with the SEC, including under the caption "Item 1A. Risks Factors" in its Annual Report on Form 10-K for the year ended December 31, 2005 and Quarterly Reports on Form 10-Q for the quarters ended June 30, 2006 and September 30, 2006, as well as Exhibit 99.2 to its Current Report on Form 8-K filed with the SEC on January 3, 2007, and Form 12b-25 filed with the SEC on May 11, 2007. Except as required by the securities laws, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
NTBK-F
CONTACT: NetBank, Inc.
Matthew Shepherd
678-942-2683
mshepherd@netbank.com
Rich Jeffers
678-942-7596
rjeffers@netbank.com
Source: PrimeNewswire (May 21, 2007 - 8:00 AM EDT)
News by QuoteMedia
www.quotemedia.com
Tomorrow we could break the .40`s resistance - AFTERWARDS MAJOR BREAKOUT!!! Let`s break it - come on guys! LOL
BREAKOUT TIME HERE!!!
Stevenktallman, Billmoneyi, Technical-Indicator, manule, 50centt,.. where are you all? Is there nobody else invested in this upticking Nasdaq-stock?
Should skyrocket from these ridiculous low levels!
I`m smelling Dollarland, already, don`t you? *g*
Cool, now we are three (3!) at IHUB`s-NTBK-christmas-tree! LOL
NTBK breakout chart - looks beautiful! NTBK should be a CASH COW the next days perhaps weeks!?
-imho-
We both seem to be the two only NTBK investors at IHUB!? LOL
I also! Anybody else like them? LOL
Closed at hod! Yesterday +0.020 USD or +6.83% - today our baby gained another +0.0202 USD or +6,52%! I like that beautiful looking chart - hope there`ll come a major breakout the next few days!!!
Volume was bigger than yesterday - today`s volume: 711,507.95 USD - yesterday`s volume was "only" 403,140.00 USD.
Today was another strong day for NTBK - SAR PARABOLIC indication is coming from bottom, now - indicating an uptrend again!
STRONGEST BUY
-imho-
??? What? LOL ..there would be a major breakout if we could break the .40`s at NTBK!
NTBK strong!
NTBK ut ut ut
NTBK weeeeeee
NTBK new hod!
NTBK breakout alert!
Nice close! ..hope we can break the .40`s, soon! If we could break it - would be a major breakout!!
Agree - would be nice to break these .40`s!
NTBK awesome chart! Upticking!
NTBK very strong now!
NTBK ut ut - BREAKOUT ALERT!
NTBK new hod!
NTBK at hod - breakout!?
NTBK breakout!
NTBK new hod!