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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)
PABN 0.00Dec 18 4:00 PM EST

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To: wonk who wrote (43664)9/16/2000 7:37:33 AM
From: ColleenB   of 43774
 
here's a start.....

page 8...

21. Sometime early in 1997, Defendant, John Schmitz, aggressively approached Charles Roberts, a former Officer and Director of Purewater, and a current Manager of Matrix, the registered owner of the majority interest of Purewater Sciences International, Inc. alleging that he (Schmitz) represented a number of investors who had signed stock purchase agreements for Purewater stock and requested the return of all available shares of Purewater stock to capitalize Purewater. Mr. Schmitz alleged that this stock would reach a market value of two dollars ($2.00) per share before the summer of 1998, that Matrix would receive two million (2,000,000) free-trading shares of the new, or surviving company, (PanAmerican Bancorp), guaranteed at that said two dollar ($2.00) market price and, Schmitz, allegedly requiring all corporate documentation, also agreed to pay to Charles Roberts all accrued storage, shipping and handling costs for Purewater corporate stored documents personally stored by Charles Roberts, if Roberts would agree to retrieve those said documents and ship them to Schmitz.
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