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: Observer who wrote (39705)	7/14/1999 11:36:00 PM
From: jhild	of 43774

By their own estimates, and using their best numbers, year 2001, they are giving up on becoming a Nasdaq listed company, absent a massive reverse split that is. Just look at the numbers and work backwards. With $3M in net revenue, let's set aside the consideration for taxes that all of those accountants have failed to list, and say an arbitrarily price to earnings of between 10 and 50, we arrive at the result that there will only be $3M x 10 / $4 = 7.5M shares outstanding on the low end and 37.5M shares on the high end. From where we are now that means that there will need to be a reverse split of between 20:1 and 100:1 from where we are now. Of course if you base this on next year's numbers (year 2000) then, oh dear, the split will need to be between 100:1 and 500:1. Looks like Nasdaq listing is not in the near future then. (This assumes that they can even show a profit.)

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