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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: pds1919 who wrote (8348)7/25/1998 8:36:00 PM
From: PASTEL  Read Replies (2) of 43774
 
Anyone notice that the phone at panamerican is registered to executive mortgage group.

Yet John Schmitz has denied any involvment with that company.

Could be John really does work there, and this is a scam set up in Belize. If that is the case you will never see a dime of your money back. Belize has a worse reputation than the Caymen Islands has.

The Sec has a bad habit of halting the stock when it is too late. They would halt it at 1 cent.

You people accuse me of not doing DD, yet you grasp at straws trying to explain why Panamerican has no deal in Belize. This is out right fraud. They said twice, not once that the bank had 10 million in mortgages to fund per month, for which they would receive 7% , %5 one time, 2% royalty.

Many of you bought in because of this PR.

It is now evident that they do not have this deal. This is fraud. The law suit that will come from this will hamper anything they might be doing other than Belize.

YOu people get cranky when someone points this out.

Would it not be better to get out at 4.5 cents, then it would to be to get out at 1 cent.

I love how people like to say minimal down side. Someone said how would you like to be in a $2 stock and have this happen????

What the heck is the difference.

If you bought $5000 worth of Purwater, or $5000 worth of a 2$ stock, what is the difference.

you may get more shares with PRWT, but you lose a lot more faster when it tanks.

in the above example, if you bout $5000 at 5 cents, you have 100,000 shares. Every time it drops 1 cent, you lose $1000.

if you bought $5000 worth of a $2 stock, you have 2500 shares.

Every penny it drops you lose $25.

So what the heck is this "limited downside crap"

5 cents to .005 is not impossible you know.

If you think that adds on the internet will bring it to 12 cents, get real.

Look at what all of the newsletters are saying now.
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