Panaco Corp (PANA) Message Board

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Gold/Mining/Energy : Panaco Corp (PANA)

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To: Author51 who wrote (30)	3/6/2000 8:58:00 PM
From: Ed Ajootian	of 115

Psycho, Sorry to see you close your site. You could have made it into a business, took it public at Psycopop.com (ticker PSPP), and become an overnight internet millionaire! Are you still following this turkey? PANA Thinks It'll Earn $1/sh Cashflow in '00 now that they hit this well. Did you check out the Presentation on their web site? It shows that they are projecting cash flow of $24.7 M, and they have about 24 M shares out. With $32 oil and with PANA producing a million barrels of that stuff a year, I believe this goal is acheivable. All it takes is one institution to take a liking to this stock at the conference and the stock will blast up to the $1.25 mark. I bought a ton more stock today @ an average cost of $.83. Will be in there bidding it up again tomorrow, up to $1, as long as the market is stupid enough to let me. Now that we know this Umbrella Point well is good, I feel the stock is a better buy at $.90 now than it was at $.70 before.

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