PanAmerican BanCorp (PABN) Message Board

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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)

PABN 0.00001000

0.0%

Mar 7 3:00 PM EST

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To: HandsOn who wrote (14071)	9/23/1998 8:58:00 PM
From: Justin V	Read Replies (1) of 43774

HandsOn, The reverse merger simply means that PRWT is buying Panam for PRWT shares, but on completion of the merger (today) the company becomes Panamerican. It is a name game and it allows Panamerican to "go public" without dealing with the normal IPO process. PRWT shareholders get a new company planning on all the new business we have been discussing. Hope this clears things up. btw There will be no dilution of shares (thank God!) and you get 1 share of Panamerican for every one share of PRWT you own. (Effectively just a name change.) justinv

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