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: Fred-beaches who wrote (38729)	6/23/1999 5:15:00 PM
From: jhild	Read Replies (3) of 43774

if the company is having a private placement of stock doesn't that tell you something about the company. It sure does. Giving away stock at $.01 per share to the tune of 100M shares says to me that they are not throwing off much cash. Makes me think that those rumoured deep pocket backers are getting more than their pound of flesh in return for their backing. Just who are the two individuals that were so honoured with the opportunity to get 2000% return on their money in 3 weeks time. The value of that private placement has soared to yield a paper profit greater than the market cap of the company at the time of the offering. Now we have talk of franchising, which further makes me think that cash flow here is not what they have represented either. They sure are giving away a lot if their business plan is so sure fire.

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