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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)
PABN 0.000010000.0%Mar 7 3:00 PM EST

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To: John L. who wrote (18429)11/17/1998 10:43:00 PM
From: *ROSARIO*  Read Replies (1) of 43774
 
Be careful on this play!!!

**PRWT refuses to release a 10Q until sometime during 1999!
**Over 700 million outstanding shares, possible reverse split!
**Insider trading appears to have less than 50 paying customers
**Continued Delays with CNBC commercials which were due Sept 98
**Continued Delays with Belize Model Homes which were due Sep 98

**SEC cautions investing in companies that do not file 10Qs.
**Massive selling last couple of weeks with minimal buying.
**Tax loss selling pressure to kick in any day.
**No substantial press releases for more than 3 months.
**Appears company is incurring huge debts with minimal revenues.
**Currently at 2.1 cents, down from 12.5 cents or down 85%.

Best Regards
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