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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)
PABN 0.000010000.0%Dec 12 9:30 AM EST

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To: Observer who wrote (37921)6/12/1999 11:36:00 PM
From: jhild  Read Replies (2) of 43774
 
Here you go 1 year of evasion on the filing of financials. The list of references just gets longer and longer.

6/29/98: . . .I had a brief face to face meeting with John . . .Financial reporting is in the works with the accountants..the 2nd qtr ends this month June 30th, and the financials will be due out about 45 days after this date. #reply-5050846

7/3/98: "Financial information and complete details on the company will be included in the 10Q for the period ended June 30, 1998 which will be filed with the SEC shortly."
ragingbull.com

9/23/98: Shareholder meeting summary: (facts only)
FINANCIALS

Q ends September 30th. They have 45 days to file, but plan on filing sooner. NO FIRM DATE.
http://www.ragingbull.com/mboard/boards.cgi?board=PABN&read=1762

9/25/98: The Old PRWT books will close on Sept 30 1998. The old shares will be converted and exchanged one for one. PANBANCORP will be reporting with the 45 day limit. #reply-5837174

11/4/98: Finacials This was a key question that I pressed on many times. I could not get a firm commitment on that one. He does not have to do it, so he will do it when he can get the proper balance sheet and information in order. He did commit to releasing some sort of finacial data by the end of the year. #reply-6293989

12/3/98: Their priority right now is completing and reporting the financials. . . . The company says financials will be out in January and I believe them. #reply-6663698

2/24/99 birk: when do you plan to file financials with the SEC?
[Moderator] RE: Financials: we plan to file before the end of Q2
[This comment appears as an answer about 10 times through out the transcript.]
--------------------------
dguy: Please define what "end of Q2" means(date/deadline?)
[Moderator] RE: End of Q2 is end of second quarter of the fiscal year; we are on an annual fiscal
Comtec1: when does our first quarter begin ?
A: PanAmerican BanCorp is on an annual fiscal year, beginning Jan. 1.
#reply-8058651

6/10/99: Our accountants are in the process of completing the preliminary financials of the company. As previously stated, we intend to report these financials on or about June 30, 1999. . . . The decision as to which fiscal year we will select will be announced after the preliminary financials are reported. #reply-10064211

And now they are talking about not even reporting audited financials. Looks to me like they just don't want to report at all.

You can read can't you. Credibility is so important in today's world.
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