PanAmerican BanCorp (PABN) Message Board

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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)

PABN 0.00001000

0.0%

Nov 21 9:30 AM EST

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To: Dusty Vestal who wrote (3532)	6/28/1998 2:23:00 AM
From: BONGIZMO	Read Replies (1) of 43774

Dusty, one of the main reasons a reverse split happens is that it is often the result of an inept management team that has lost investor confidence and thus has watched their stock price plummet thereby risking delisting and making it extremely difficult to raise money. Refer back to my prior PM to you as that stock as well as the referred to hypester that we know so well is a shining example. This company raised tens of millions over the years, blew it all diluted shareholders to 100 million shares from an initial offering of 5 million, reversed 1 for 10 and within one quarter had doubled the shares back up thus starting the process all over again. The winners you ask...the underwriters that generated huge fees, the promoters that got cheap stock in exchange for propping up the stock during Reg-S's and private placements and the aforementioned hypesters that preyed on unknowing investors and touted a penny stock as having been 70 dollars a share and thus a GUARANTEED winner. PRWT is unlisted thus delisting is not a problem, they can use treasury stock to close deals without dilution, and they have a management team that in 4 weeks has shown more than that prior named company did in 7 years. Should a reverse ever take place it would be due to a problem of success and at much higher prices since the company would have continued to advance their business and at that time would deserve listing because some 'real' firms would want to get involved. We can only hope that we have those kind of problems. Remember, have confidence in the reasons you are in a stock and simply disregard those that want to scare you out of your shares. FEAR and GREED are what drive stocks and on this thread we seem to have far more fear spreaders that are getting frustrated at not being able to get PRWT to move in their desired direction.

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