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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: PatP who wrote (43440)4/25/2000 6:58:00 PM
From: ColleenB   of 43774
 
from a post on the bull......

I just spent several minutes on the phone with Adam. He was very pleasant and would answer any question that I had for him. You must take what he says with a grain of salt. He can only report what he has information on or that management will allow him to report on.

1)
Q - How are the financials coming along?
A- The audits have almost completed the audit. As soon as they are completed they are going to file (10-SB) to get off the pinks onto the OTCBB or another exchange. No time frame as to when they will be completed. They will issue a release once they have filed.

2)
Q- Any information on the pending lawsuit?
A- He has no information and can not comment on the lawsuit.

3)
Q- Regarding the Lawsuit against the Healthcorp division, is the Healthcorp registered as a ?Limited Liability? company?
A ? Yes

4)
Q- Is the Insider Trading division still a working entity of PanAmerican?
A ? Insider Trading has temporally suspending its trading operations. The Garden City office is closed and the Boca Raton office is open by no trading. They are reorganizing the division, bring in outside expertise to help in the reorganization.

5)
Q ? Is Belize still operating and have they built any homes or closed any mortgages?
A ? Belize is still operating but the company in focusing on the Buenos Aires operation. They are involved in the generation and closing of mortgages. These mortgages are then being sold on the secondary market.

6)
Q ? How is the thrift filing for Keystates going?
A ? The Keystates project is on target. No time frame mentioned. They are still going to spin this division off and issue a dividend to all share holders of the parent company PABN. He did not know what the ratio would be.

7)
Q- Is the company having any financial problem?
A ? No, everything is moving ahead as planed.

Well that is it for now. If anyone else has any questions for PABN ? CALL THEM (631) 232-2221. We all know that the bashers WON?T.
ragingbull.com
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