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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)
PABN 0.000010000.0%Dec 5 9:30 AM EST

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To: ISOMAN who wrote (41218)9/29/1999 2:44:00 PM
From: ColleenB  Read Replies (1) of 43774
 
I'm disappointed. I was hoping to see more discussion on the Greenway/mob connection. I'd like to see that one explained personally...

a syndicated article by Susan Antilla of Bloomberg News. It came out Sept. 7, 1997: here's an excerpt:

HEADLINE: INVESTING / CHECK OUT THE NAME BEHIND THE NAME

YOU MIGHT KNOW that Tony Curtis is really Bernie Schwartz. Or that Bob Dylan is actually Robert Zimmerman.

But chances are you wouldn't know that Cortlandt Capital Corp. was really Greenway Capital. * * * *

Name changes aren't necessarily done to deceive investors, but they can be a red flag nonetheless. Greenway Capital Corp. became Cortlandt Capital Corp. on Jan. 23. Greenway's name doesn't appear on records that go to investors, although all its violations appear. A spokesman for the National Association of Securities Dealers says investors would learn of the previous name if they called NASD to inquire about the company.

The violations include several investor arbitration claims; a $500,000 NASD fine for charges of manipulation that the company neither admitted nor denied; a cease-and-desist order by the SEC related to its handling of a private placement; and state regulatory problems including cease-and-desist orders by Minnesota and New Hampshire, and a suspension from North Carolina.

Six months after the changing of Greenway's name, the firm reconstituted as Cortlandt was facing troubles again. A former broker says he came to work on July 25 only to be told he couldn't trade any more.
No one was answering phones at Cortlandt's 45 Broadway office in New York recently. A woman answering the phone at a Mott Street office said the company was now called Gold Country, and that she would have a superior call back. None did.

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