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: David Sirk who wrote (16926)	10/31/1998 5:16:00 PM
From: jdcpa	Read Replies (1) of 43774

PRWT may file the 10Q by November 16th if completed or request an extension. PanAmerican Bancorp has not filed anything yet. Eagle said it very well in his explanation. Being the first 10Q ever filed for the company, there is certainly a good possibility they may need to ask for an extension. That is a common practice by many other reporting companies. It doesn't mean a company is trying to hide anything. There is just an enormous amount of accounting work to be done to finalize the consolidated financial statements, especially with several reporting divisions. Each division has its own sets of books and each revenue producing division is being audited. Have you ever been involved with an audit? I used to audit companies and there is just weeks and weeks of work to be completed.

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