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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: Howard C. who wrote (40359)8/11/1999 3:23:00 PM
From: jhild  Read Replies (1) of 43774
 
Here you go 1 year of evasion on the filing of financials. The list of references just gets longer and longer. And all of this from the company that says: "We are never too busy to respond to family." Hahahahahaha. (PABN/PRWT official translation: You can ask, but we won't tell you any real answers.) ragingbull.com

6/29/98: . . .I had a brief face to face meeting with John . . .Financial reporting is in the works with the accountants..the 2nd qtr ends this month June 30th, and the financials will be due out about 45 days after this date. #reply-5050846

7/3/98: quoted from our very own Jabba the Tout: "Financial information and complete details on the company will be included in the 10Q for the period ended June 30, 1998 which will be filed with the SEC shortly."
ragingbull.com

8/3/98: - Purewater's filings are almost ready and our accountants are busy consolidating the several new sets of books. #reply-9740000

9/23/98: Shareholder meeting summary: (facts only)
FINANCIALS

Q ends September 30th. They have 45 days to file, but plan on filing sooner. NO FIRM DATE.
http://www.ragingbull.com/mboard/boards.cgi?board=PABN&read=1762

9/25/98: The Old PRWT books will close on Sept 30 1998. The old shares will be converted and exchanged one for one. PANBANCORP will be reporting with the 45 day limit. #reply-5837174

11/4/98: Finacials This was a key question that I pressed on many times. I could not get a firm commitment on that one. He does not have to do it, so he will do it when he can get the proper balance sheet and information in order. He did commit to releasing some sort of finacial data by the end of the year. #reply-6293989

12/3/98: Their priority right now is completing and reporting the financials. . . . The company says financials will be out in January and I believe them. #reply-6663698

2/24/99 birk: when do you plan to file financials with the SEC?
[Moderator] RE: Financials: we plan to file before the end of Q2
[This comment appears as an answer about 10 times through out the transcript.]
--------------------------
dguy: Please define what "end of Q2" means(date/deadline?)
[Moderator] RE: End of Q2 is end of second quarter of the fiscal year; we are on an annual fiscal
Comtec1: when does our first quarter begin ?
A: PanAmerican BanCorp is on an annual fiscal year, beginning Jan. 1.
#reply-8058651

3/26/99: - I am pleased to report we are well on our way to becoming a fully reporting company. To date, we have had our accountants thoroughly examining each division to insure its' compliance with FASB accounting methods. #reply-9740929

4/6/99: - We are near the completion of our internal review and audit. Each division has been held accountable for any and all monies advanced to it. We are putting together consolidations interim statements showing our complete financial picture. I think the outlook is positive. #reply-9740741

6/10/99: Our accountants are in the process of completing the preliminary financials of the company. As previously stated, we intend to report these financials on or about June 30, 1999. . . . The decision as to which fiscal year we will select will be announced after the preliminary financials are reported. #reply-10064211

6/29/99: - HevyTrader: 3 John which quarters will be reported in these
financials

John_Schmitz: Hevy: financials will be proforma, historical will cover one year
we've been in biz: july 98-june 99


John_Schmitz_2: Captialization stage is when we capitalize the company to carry
out the business plan.

John_Schmitz: fianancials will cover ALL the subsids and will be comprehensive
#reply-10322069

Oaktree: In what form with the financials be released
John_Schmitz: Oaktree: what do you mean "in what form"- we think currently
accepted accounting proceedures

Life2Short: confidence level for on-time financials next week 1 -10 (10 equals
highest)

John_Schmitz_2: Life2Short: We're a 10. You can count on it.
#reply-10322248

7/09/99: PanAmerican BanCorp has conferred with financial experts to
affirm and confirm that the concept and theory behind the revenue numbers in
our financial pro forma are valid.

.....
Then in August we will have Ken Christian live, so all your questions about our financials can be addressed.
panambancorp.com

Suppose there will really be a full audited disclosure by August 24th? Or just more of the same?
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