PanAmerican BanCorp (PABN) Message Board

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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)

PABN 0.00001000

0.0%

Dec 5 9:30 AM EST

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To: wonk who wrote (37311)	5/31/1999 4:02:00 PM
From: PCModem	of 43774

ww, you left out a couple of things (actually 4 things): 1. 504 shares are only 'free trading' if the investor is accredited (that means sophisticated concerning such investments and rather rich) and most of the investors have to be accredited to legally buy 504 offering shares. So, some very sophisticated and well to do people (or person) bought some shares directly from the company. Or a bunch of people bought shares directly from the company that are restricted for 2 years. Sounds like a sound investment to me. 2. One does not apply to the SEC for a thrift (Cele 16 is typical of the bashers of this stock -- a couple of sandwiches short of a picnic -- the smart bashers have moved on to more worthy objects of their attention). 3. The dates are very interesting! 3/23/99 for the Filing of the Form D (which marks the beginning of the 504 offering, since the Form D is required by most states for shares sold in them to be legal). Eight days later the RMC is announced as being unwound. Nine days after that, on the final day for trading in PRWT shares for PABN shares, the day all short positions came due, the stock begins its rise from .011 and has settled in (as of this writing) at a comfortable 800% increase. Kinda knocks a hole in the idea that there was a big sell off. The evidence is for a big buy in. 4. I notice (a) no one knows if any 504 offering shares were actually sold (!!!) (b) no one knows the offering price for those shares (!!!) and (c) there has been no adverse effect for the shareholders, except for those who sold early thanks to the lies and misrepresentations of the bashers. The ignorance around here is so thick you can cut it with a knife. Do you always do your DD by coping messages from people who think companies apply to the SEC for a Thrift? PCM GO PABN!!! p.s. I am still waiting for an answer to my questions about PABN's reverse merger and the accounting.

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