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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)
PABN 0.000010000.0%Mar 7 3:00 PM EST

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To: Scottoo who wrote (39531)7/11/1999 8:53:00 PM
From: jhild  Read Replies (1) of 43774
 
Were there not restrictions against sale?

No there are no specific restrictions against sale contrary to what your resident Jabba the Hutt says. To be specific in the Purchase Agreement:

(l) None of the following information has ever been represented, guaranteed or warranted to either the undersigned or the Investor Representative, expressly or by implication by any broker, the Company or agent or employee of the foregoing, or by any other person;

(1) The approximate or exact length of time the undersigned will be required to remain as a Shareholder in the Company;

geocities.com

While the shares may have been unregistered, they could easily have been shorted against at $.20, and they could cover their short with the registration in the very same upcoming SB-2 filing mentioned by John Schmitz at the on line forum June 29th.
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