PanAmerican BanCorp (PABN) Message Board

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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)

PABN 0.00001000

0.0%

Mar 7 3:00 PM EST

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To: rockets who wrote (7170)	7/22/1998 4:33:00 AM
From: Gordon Gekko	Read Replies (3) of 43774

Clarification of Outstanding Shares From my research I have found the following information. 750M originally authorized and outstanding 140M removed due to canceled warrants That leaves 610M outstanding 210M in treasury stock 200M float (roughly 37M entered the market recently through restricted shares) 200M residing with affiliated persons Lastly, if I remember correctly treasury stock is not considered part of the outstanding shares. These are company owned shares and are not used in the calculation of stockholders' equity. Therefore, we have only 400M shares outstanding. This is a far cry from the 750M some people were touting, but still somewhat high. There still remains the possibility that the treasury stock will move to outstanding because it will most likely be used for future acquisitions. All the earnings per share calculations should be revised using the 400M number. Comments?

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