SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : PanAmerican BanCorp (PABN)
PABN 0.000010000.0%Mar 7 3:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: PCModem who wrote (38442)6/19/1999 8:35:00 PM
From: ColleenB  Read Replies (1) of 43774
 
Wrong. The term "organized" means incorporated. The original minutes and resolutions establishing a corporation are often referred to as the "organization" documents. PanAmerican BanCorp is a Delaware corporation. The 1997 date is incorrect. As is any 1996, 1998 or 1999 date.

Well, here again, I think this could be subject to interpretation. There was no mention of minutes or that they were formally established, rather, that PanAmerican was "organizing". Couldn't this possibly be that they were forming the concept of PanAmerican? [note, I'm looking for a "loophole", advantage PABN] I agree that this is strange being that we are told that PanAmerican BanCorp was initially organized as a Limited Liability Company in 1996 #reply-9726329 and that they incorporated in Nevada in 1998 (http://sos.state.nv.us).

Between the dates of 1996 and 1998, what do we know about PanAmerian during 1997? If as your interpretation suggests, is it possible they were incorporated in another state prior to Nevada? You think it's possible? After all, so many of their subsidiaries are incorporated in many different states.

Also, I know nothing about LLC's, a bit of help from the audience would be helpful here.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News