Answers from Ray Gamble @ PABN.
Ray, Thanks for Taking the Time to answer my questions.
To all,
Here are answers to 18 questions I received from Mr. Gamble via E-mail today. Some are just my own curious questions others are some raised by other investors, including the SEC deadline. Take them as they are. All answers are available to the public by contacting ir@deao.net. If you have other questions, you should contact them directly your self. PABN is trying to emerge.
12/16/99 8:35:54 PM Central Standard Time
ir@deao.net (Investor Relations)
To:(my email address deleted)
Question 1.
Is the remaining"important" information on the website going to be completed before the end of the year? Or anytime soon?
Answer 1.
The remaining "important" information will be added on an ongoing basis and I believe you may see something significant before the end of the year.
Question2.
What will the address of the New Panamerican Offices be?
Answer 2.
300 Wheeler Road, Suite 101, hauppauge, NY 11788 (same address but new and larger offices to meet our growing needs.
Question3.
What is located at this address? 60 Grammercy Park, New York, NY
Answer 3.
A private residence.
Question 4
What is Eastcap.com?
Answer 4:
It has no proprietary relationship with PABN that I know of.
Question 5:
Will there be a stockholders meeting within the next three months?
Answer 5:
No definitive date has been set for the next meeting.
Question 6:
Why is there still old outdated misleading information on the Investor Relations automated line, as well as the 6 page investors relations fax report.?
Answer 6:
The Investors Relations information will reflect the changes we are making when they can be presented in its entirety rather that piecemeal. This will enable us to provide a cohesive presentation of the improvements and exciting changes that will benefit our shareholders.
Question 7:
What postion does Bill Black hold with Panamerican Bancorp.
Answer 7:
Chief Technology Officer
Question 8:
When will the Insider Trading office in Boca reopen, For over a month ever time I have called they said 10-12 days.
Answer 8:
Insider Trading is being completely reengineered so that it can be a successful franchise format including its management structure. Insider Trading will emerge as a far more profitable entity.
Question 9:
If it reopens will it open under a different name.
Answer 9:
Same as answer 8.
Question 10:
Is Charles Vacarro still associated with PABN?
Answer 10:
He no longer holds any management position with PABN.
Question 11:
Is Gold Country Securities still associated with PABN?
Answer 11:
See IT Changes.
Questions 12:
I was told in the last response I received from IR that when steps to the completion of the Federal Thrift were completed we would be updated at the appropriate time. So since we have been told nothing, are we to assume that nothing has been done in regards to this project.
Answer 12:
The thrift process is a daunting task as is all most anything when dealing with a federal regulatory agency. The thrift process requires a significant number of preliminary steps that include submitting all banking practice guidelines such as loan underwriting, checking and checking guidlines. We have completed most of these. We are in the final preperations of making a formal application. Then it is up to the timeline of the federal regulators.
Question 13:
DEAO seems to be heading formward, I think. Congratulations. Do we have any plans to ever use or own ISP not leased lines.?
Answer 13:
When we achieve the appropriate critical mass.
Question 14:
Why has Panamerican "chosen" to be silent. Why are you not communicating with shareholders?
Answer 14:
See answers to number 6 on IR information update.
The Biggie- Question 15:
Will PABN make the reporting deadline for SEC filing to avoid delisting?
The Biggie- Answer 15:
Yes.
Question 16:
Does PABN still hold the stance of No Reverse Split?
Answer 16:
It is still our intention not to do a reverse split.
Question 17:
Does PABN see the possibility of other entities being interested in backing DEAO or Insider Trading.
Answer 17:
We will and have always entertained interest, but only if such a relationship fenefits the company and our shareholders.
Question18:
Why am I having to ask so many questions? your answer to this one is probably the most important of all.
Final Answer (LOL) 18:
As I have stated earlier, we have been usuaually quiet as to the activities of PABN. I understand how disconcerting this can be but we want to ensure that the changes being initiated to increase shareholder value are not jeopordized by the misrepresentation and manipulation of our goals and objectives when presented as a "work in Progress" We will be unveiling the reengineered PABN in the very near future and will do so with consistent and sustained communications.
I hope this answers some of your questions and wish you a very happy holiday season.
Ray Gamble.
ragingbull.com |
