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: J T who wrote (31003)	4/5/1999 8:23:00 PM
From: ColleenB	Read Replies (1) of 43774

You had NOTHING to with this research colleenb,it was provided by someone else NOT you so please try and keep the implication that you actually had anything to do with it out of your posts! Sorry to burst your bubble but I compiled a lot of information to reach this scenario.... Here, read it again... This accounting posted by you as told by Dave Williams regarding the failings of RMC and PABN makes the most sense, imo. John got ahead of himself and couldn't come up with the cash to finalize the acquisition. And Dave was smart to hold out until such promises and obligations were met as stipulated in their agreement. [I surmise this because the acquisition was never completed.] This might also explain some of the dumping of shares we've watched since December, as a means of acquiring said monies. [I've reported that the float has increased by 100 Million shares in the past 8 months.] The possible lack of revenues [only the Garden City office is generating a positive cash flow, according to Johnny] could also explain the painfully slow process of opening up additional IT offices and the lack of registering in additional states which we've been waiting for since last August as being imminent. We also only recently learn that they (IT) does not have the software for online trading. The lack of said material would certainly preclude their need for registering in additional states. We haven't heard many excuses/explanations coming forth, but we sure have reported many dates for things to happen, only to be continually disappointed. #reply-8693372 I'm not saying this is THE story but a very plausible one. And that's about all that we can do with a company that doesn't report and is slow in informing it's shareholders of current events/details. No need in creating fairy tales for purposes which suit only your need to disagree with reason. Oh, and JT, I'm not AGAINST the company, I'm interested in finding the truth. Something you wish to avoid. palindrome

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