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: Mike_Right who wrote (7727)	7/23/1998 11:13:00 AM
From: StandFast	Read Replies (1) of 43774

This is great news! Everyone just think for a moment. If some company from another country went to a large U.S. bank and deposited a whole lot of money, at a better interest rate than they could get at home, then went back to their country and then said they will be getting an increased interest rate backed by the U.S. government. They would be correct. Their investors would then get a false press release saying that the U.S. knows nothing about the company. The stock holders would then be calling the U.S. Government, be directed to the FDIC(In charge of insuring banks up to 100,000 per account) and asking about their money, the FDIC would say we know nothing about it, yet the contract exists and is real. The point being, the company has done nothing wrong. The bank has done nothing wrong. The FDIC has done nothing wrong.

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