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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)
PABN 0.000010000.0%Mar 7 3:00 PM EST

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To: ISOMAN who wrote (43319)3/10/2000 10:08:00 AM
From: ColleenB  Read Replies (2) of 43774
 
Now...for the shareholders that were actual believers, and thought that PABN was going somewhere, and that they were part of something, do you have a solution to their problem, namely getting answers from the company,

All of this could have been put to rest a long time ago. Instead of shareholders visiting the offices and conducting themselves like they were on a cruise, they could have presented themselves as businessmen and women and demanded to see the books. Don't even think about portraying the longs as victims. People like you, Barbara, Raffie, Kristi, LegalBeast, etc all knew what was going on. Things were discussed in length behind the scenes. When the longs sold out during the run in April, they did not buy back in. They were glad to dump this dog and walk away with a profit. What's sad about all of this is that the penny market is corruption at it's finest. Not only does a potential investor have to worry about the validity of the claims made by the company but they have to worry about manipulation from fellow investors, people who pretend to be your friend. Sure, there's winners and losers in the market, but to take part in a rigged game is just plain dirty pool. A choice exists, you can be a part of the solution and prevent future ripoffs by reporting factual information and speaking up when manipulators try to twist the information or you can continue to be in on the take and rip off future investors. This is not investing, when dealing with a rigged setup.
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