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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)
PABN 0.000010000.0%Dec 5 9:30 AM EST

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To: alan hardy who wrote (23985)1/24/1999 3:40:00 PM
From: Valkyrie  Read Replies (1) of 43774
 
hello alan...yours seems like a reasonable approach to some discussion...so ill respond in kind...it is healthy to have a difference of opinion and be able to talk about it...your questions here are logical, easy to see they need asking, and respectfully presented...

i will give you my opinion...it is what i believe...it is not an attempt to talk you into anything or to hype the company...it is just my opinion...i presume this is what you are asking for...should you not agree with a single thing i say here, ok...no loss of dignity of either is required...

to begin with, i will tell you someting that you and a couple of others probably think is impossible for me, and others to say...but it is what i think, personally, and i have made no bones about saying it in the "other room", so to speak...

there is much about panam that bothers me...there is much about panam that should bother any objective person who has their money invested in it...the crux of these worries to me is the lack of actual meaningful communication from the company...alan, the other night, i invited anyone to post the text of email that i sent to the group...i will now give you the majority of that text myself...in this text i think i can tell you how some of us longs are looking at things, or have, in the past, looked at things with open eyes...let me go find it and i will cut and paste it here for you...

i quote myself"""

well...so here we all sit...confused as the dickens...confused, disappointed, and some of us a little angry...rightfully so...

(name witheld), in your message this morning, where you said you had spoken with john...you indicated that he is going to show some posts you are going to send to him, to somebody, so they can see the
importance of p.r....did i understand this correctly...what is the implication of his reply...is he not satisfied with the press being given out...i certainly hope not...if he is not, then who is in control of these things for gosh sakes...does he want more p.r....if this is the case, surely a wave of his hand will accomplish it....

aside from p.r....is he the least bit concerned about us...im not necessarily making reference to our financial well being...i am saying this...does it not matter to him that for the many of us who are trying to believe in this whole deal, there is almost no real verification of anything....we dont even have "official" press saying that we even exist for cripes sakes...to the world we are still purewater sciences...or do i not see this correctly...

is he not aware of, or does he not concern himself with, the damage done daily by the likes of jhild and rosario...he may comfort himself with his statement that the web page is the only place to get real
information, but the masses dont see that...they see the non-stop bombardment by the bashers, and the dimunitive effects, thereof...is there a speck of reality in this paragraph at all...

is there a member, or several members, of this group, who are close enough to this c.e.o. of ours, to go sit down and speak with him, and get his attention long enough to point out to him that we are
dying on the vine out here, and it is his fault...is there one or more of us who has the capability to point out the importance of these things to him...there is a fantastic amount of talent in this group...we have business people, professional organizers, attorneys, accountants...people who have talents that people such as myself cant even begin to understand...some of us are good at dealing with people
and thinking things through, and making observations...this is all i am good to you for, but some others of you can converse with this man on his level...

i doubt that he could wish for a more positive minded group of followers...we prove it all the time by our dedication to each other, and to whatever it is we are supposed to be....we support him at every
turn...every question...we make excuses for him, reason to anyone who will listen as to why this and that is not happening when we have been told it would...many of us have embarassed ourselves by reporting "facts" in good faith, only to have them shoved up our kazoos by r & j inc...why will he not recognize the importance of this negativity, and the effect it is having...

is it too much to ask for a bit of official reinforcement once in a while...is there anything wrong with telling somebody a little something once in a while...is he not aware how bad it makes him look when time and time and time again things do not happen the way we have been told, by them, that they would happen....i do not mean small delay here and there, i mean months of delay in some instances,
without plausible explanation...

and i am not just speaking about belize when i say months of delay...there is also the i.t. commercials...the press saying anything about the shareholders meeting and the decisions and actions
taken then...the financial reporting...here are at least four, important, things that are still not available, but have been promised for months...yet...no explanation...and nothing really tangible that anybody can lay a finger on to say, look at this...this is what we are...in actuality, are we anything at all...

this is not good...sooner, or later, somebody has got to do something...i personally dont think any of this is too much to ask...i would ask him myself, but i do not have the open door it would take to do it...

if any of you think i now have a bad attitude, and you no longer wish to welcome me to your group, or no longer wish to hear what i think, then that is fine, but ill betcha i am not the only one here who
wonders about these things...i do not think i have a bad attitude...i think it would be foolish of us if we did not discuss these things...they are real, and they are not necessary...

if i thought it would do any good, i would send this to him myself...if any of the leaders of this group think it will do any good, use it as you see fit...it might not be worth the time it takes to read it, but it is what i think...

comments, good, or bad, are invited....eagle

end of quote"""

now alan...i did remove a persons name and insert (name witheld), and i did remove one paragraph where i had something to say about something that did not concern panam...other than those two edits, this text is word for word, cut and paste, exactly as it was written...(ok, i did correct one misspelled word)...

comment...this email was very well received and agreed to by almost every member who read it...there was an extreme amount of discussion concerning all of the contents of it, and this email of mine was forwarded to john schmits that very afternoon...this was on the 19th day of november, 1998...

if any person doubts the content of this post, there are many who will remember reading it, and they will vouch for what i am telling you here about it...it is now, as it was then, with the edits as noted...

never again will i entertain the notion by anyone that we "longs" do not have minds of our own, and that we will not have the "balls" to ask the hard questions, or to address the uncomfortable realities...

now, as this is getting long already, and you may wish to digest what is here, i will adjourn for an "intermission", and i will originate much more of an answer to your post...i request that all persons reserve comment about any of this until you have read the second and final part, which will be forthcoming after a while...and it will take a while...

donald mcarthur, hatteras, n.c.








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