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: rics who wrote (7998)	7/23/1998 10:48:00 PM
From: PASTEL	Read Replies (5) of 43774

Looks like a lot of people bailed out today. A lot more probably will tomorrow, since the company didn't adequately explain this. The Belize web site is real and so is the press release. If the company had done what they said they had, people in belize would know. There are only 220,000 people in Belize. That is not large at all. When a new subdivision opens up in your home town, do you not know about it. Certainly government officials would. The fact that Belize is a tax haven explains a lot. PanAmerican could very well be putting on a sham , selling into the buying say at 12 cents a few weeks ago , and again last week at 8 cents. For all we know the most active MM could be working for PRWT. Those holding now, may very well get stuck holding the bag. Looks like it will return to the 2 to 3 cent price range by monday. Nothing about this company can be confirmed. Remember BRE-X claimed that were shocked to the last minute, that there was no gold in Busang. Something stinks here.

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