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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: wonk who wrote (39584)7/13/1999 2:10:00 AM
From: PCModem  Read Replies (2) of 43774
 
You are right about the effective date of the new rules. The date the new rules became effective was not published in the link I used. Therefore the new rules did not apply to PABN's PPM.

However, the shares are restricted.

"Restrictions on Transferability of Securities:

The Shares offered hereby have not been registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The Shares may not be acquired with a view to immediate resale or distribution thereof. Accordingly, the Shares may be offered, sold, resold, transferred or otherwise disposed of directly or indirectly pursuant to exemptions from the federal and state securities laws. The Company makes no representation in respect to or assumes any responsibility for the availability of any exemption or for undertaking to register the Common Shares. Although public trading in the Company's securities is not prohibited, there may be no public market for its Common Shares and there can be no assurance that a market will develop at the conclusion of this Offering. See "Description of Securities."

geocities.com

The shares are not registered. They may not be acquired with a view to immediate resale or redistribution. According to the company, there is no exemption available. The shares are restricted.

Nice try, but no cigar.

PCM

GO PABN!!!
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