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Non-Tech : pamc
PAMC 45.74-0.1%Nov 3 4:00 PM EST
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To: Gary Wisdom who wrote (437)10/7/1999 2:21:00 AM
From: RON BL  Read Replies (1) of 570
 
Gary here's a good post from YHOO's Canisdingo

STOCK TALK
by: CANISDINGO
7193 of 7193
The chain of events for PAMC and their various associations has been anything but dull. In the beginning it was PAMC doing something with
several internet portals and sites. Then it was a transaction with HPS. Soon to be followed by a series of "insurance partners" that no less included
UCI and an investment by them. Down the road they go and INTC, private groups, Lehman and others plunk down the "long green" to play.
HPS ends up selling a large chunk of their position back to PAMC at less than market rate.....why? PAMC announces the sale of their last
remaining bit of underwriting capacity and the merger of Healthaxis and PAMC.

Now....here's where it starts to get interesting. PAMC/HA sure haven't had a problem raising capital whenever they wanted it. HPS owns a
chunk of HA and UCI owns a chunk of HA. UCI is buying HPS whose sales are about $290mm and the combined NEW HPS will have sales of
?????mm and UCI was very deliberate in stateing that the combine companies will have a 10% interest in HA...why's that so important?? What
was the catalyst that brought UCI and HPS together...and WHY?? The current news release says everything except end of story.

Remember when you were a kid and played the picture games of "connect-the-dots". If you did it right you saw the true picture. I doubt if all of
the dots have been divuldged but there's plenty of them to start connecting. So......go connect the dots.
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