uh oh...here you are speaking out of turn AGAIN...
Let's just look at one lie for the moment: your entire spin on the Form D filing. Assuming the Cele 16 is telling the truth (another proven liar, but you choose to do your DD on Raging Bull, and then spin lies based on it, so I have to go with that for the sake of the discussion), let's see what the company has said (note the date, one day after the Form D filing according to your fellow liar, Cele 16): #reply-9907880
VIRTUAL OPEN HOUSE FOLLOW UP LETTER FROM JOHN SCHMITZ, PRESIDENT, PANAMERICAN BANCORP
March 24, 1999
Thank you for helping make our first Virtual Open House an event. We learned quite a bit from the experience. I would like to expand on some issues since the questions were being rapid fired and we had time constraints, we were only able to provide short answers.
Float Issue
When we took control of Purewater, there were 750,000,000 authorized shares, approximately 610,000,000 were issued and outstanding. Of the 610,000,000, approximately 228,000,000 of the shares were in public (not control or 144 restricted) hands. Since we changed the name and revised the charts, we authorized more shares in anticipation of some acquisitions and financing. [boy howdy, is this ever an understatement]
To date, the amount of shares freely trading is now approximately 250,000,000. The number will change as old 144 stock gets released and some shareholder liquidation takes place. From the company standpoint, we feel the number of outstanding shares is only relevant to our final completion of our organizational structure.
panambancorp.com
but...why was this written so vaguely when just one day before this was sent to the SEC...
There are 880,000,000 Shares subject to issuance under presently outstanding stock agreements, stock options, warrants or rights.
The Company has a total of 1,750,000,000 Authorized Shares of its Common Stock #reply-10229108
And you respond with....I am NOT surprised to find that John's comments are consistent. ...hahahahahaha WHERE? |
