And now more evasion from today. That makes it a year and three quarters of evasion on the filing of financials. (The new entries are dated 3/9/00.) The list of references just gets longer and longer doesn't it? They are now on the PINK SHEETS. Why are they there? Why they are there for being "Delinquent in their SEC filings" wouldn't you know. Hoping they wouldn't has turned to the reality that they are on the Pink Sheets. Can this be a surprise to anyone? Really and truly?
6/29/1998: . . .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
7/3/1998: quoted from our very own resident 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
7/3/1998: e-mail from the company 2) Financials will be available as soon as the June 30 10Q is filed with the SEC. 3) This filing will also include the details of the reverse merger. #reply-5095629
8/3/1998: - Purewater's filings are almost ready and our accountants are busy consolidating the several new sets of books. #reply-9740000
9/23/1998: 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
9/25/1998: 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
10/14/1998 Warren David Williams a Director of PABN Dave Williams told me financials will be ready soon. John said on Monday they are shooting before the end of the month. #reply-6021744
11/4/1998: 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
12/3/1998: 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
2/24/1999 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
3/26/1999: - 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
4/6/1999: - 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
6/10/1999: 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
6/29/1999: - 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
7/2/1999: Then in August we will have Ken Christian live, so all your questions about our financials can be addressed.
panambancorp.com
7/09/1999: 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.
panambancorp.com
8/13/1999: HeVy has gotten a response from John Schmitz: I can confirm that the financials will not be released before the August 24th Meet the Management meeting. They will not be complete and PABN does not want to release incomplete and unaudited numbers. ragingbull.com
8/20/1999: I talked to PABN's accountants today Covati and Janhsen. They confirmed to me that they are doing the audit for PABN. They expect to have them complete on or about Sept 15 1999. The audit will be for fiscal year ending Jan 31 99. They will also complete a Review for PABN up to July 31 99. Both the audit and the review will be released. #reply-11020687
12/17/1999: From Ray Gamble email answers The Biggie- Question 15: Will PABN make the reporting deadline for SEC filing to avoid delisting?
The Biggie- Answer 15: Yes. ragingbull.com
12/18/1999: From more Ray Gamble email answers 3. Will this company being compliant with the NASD listing requirements by March?
We have every intention to comply with NASD reequirements by March.
4. When are the financials being released?
When the CPA firm finalizes the audits of all 5 companies under the PABN umbrella that needed to be audited. Please keep in mind the audited one company and be a daunting and time-consuming task. Our CPA firm had to audit 5 independent companies. http://www.ragingbull.com/mboard/boards.cgi?board=PABN&read=84612
1/14/2000: From the desk of John Schmitz We have contracted with attorneys to prepare a registration statement under regulation SB. #reply-12574721
2/2/2000: From the desk of John Schmitz The PanAmerican BanCorp attorneys are in the final stages of filing Form 10 S-B. As I understand the process, according to our attorneys, there will be an 'e' appended to the PABN symbol. This will not affect˜ trading during this period. When the form becomes effective we expect the "e" will be dropped. #reply-12759972
2/11/2000: PABN has symbol changed to PABNE
2/17/2000: Report of a call to PABN . . . all paperwork with the sec has been filed and they are just waiting for a response. ragingbull.com
[Uh-oh, not quite filed:]
2/24/2000: One of several cookie cutter responses from Adam Schuman The Form 10 S-B process is progressing and , after reviewing for accuracy, we hope to have it completed this week. Thanks for for your interest. ragingbull.com
3/9/2000 PABN is delisted from the OTCBB for being delinquent in their SEC filings.
3/9/2000: More from Adam He says that the filing will take place soon. All that is left is to complete the financials for January of this year. He has no time frame. Soonest - this week. At most - less than a month. ragingbull.com
3/9/2000: Phone call to Adam I just got off the phone with Mr. Shuman at PABN:
He returned my call and said they are on the pink sheets because thay haven't filed on time. He said thay will be filling and all will be ok. Thay are still working on there IPO's but no time frame can be given.He sounded very confident and I feel he is being truthfull. ragingbull.com
Hahahahaha. Business as usual.
So here we are, PABN is now on the PINK SHEETS, without a Form 10 filing yet within sight. Do you think they could find yet another reason to stall on their reporting to the SEC and the investing public? But no matter really. Maybe the end is in sight. They shoot horses don't they?
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