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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)
PABN 0.000010000.0%Nov 28 9:30 AM EST

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To: BIGEGO who wrote (8759)7/27/1998 9:35:00 AM
From: ColleenB  Read Replies (3) of 43774
 
I got a couple of requests via PM to briefly review what has transpired over the weekend...so will do so publicly for the "good" of others who might have missed out on the weekend's flurry of active postings and don't want to spent the amount of time sifting through the several hundred posts....

Seems that people are still in an uproar over the validity of the Belize issue. This has divided the thread into investors who have been labeled as loyalists and those labeled bashers/skeptics.

It appears that the Belize website was not hacked into...that the article denouncing the Belize's association with PRWT is now believed to have been a political ploy. The country is in a political battle over leadership. Several newspaper articles supporting each side's party line has been presented on the thread...difficult to believe either at this time...we will not know the outcome of these articles until the election has been decided..then, we will know which paper prints the information that will be carried out. Reading articles from both parties...the PUP and UDP are as opposite as one can find.

As we are all aware as investors, areas of uncertainity presents prime targets for attacks by skeptics and bashers alike. Many good point have been brought out....the core of the problem is that the deal in Belize cannot be confirmed by any investor at this time...and with many having been burned on other stock, many individuals want to crusify John before giving him time to legally resolve the issue.

It has been reported that John had two lawyers on the "case" as of Friday and that he was planning on sending another two today, Monday and that he would join then on Tuesday or Wednesday. He has been instructed by these attorneys to not address this issue..that the outcome is very delicate and to not cut any ties he has with the Belize officials. People in many countries have an issue with "saving face" and John doesn't want to interfere with their public perception. We simply need to await official word. And this is eating away at many individuals. They are demanding to know more at this point and are unhappy with John's stance. IMO John has to temporarily ignore the investors and secure his business relationship in Belize...not unbelieveable.

Kevinl posted a picture of John with 3 gentlemen. This photo was taken in Belize for a ground breaking. People are up in arms because the Dallas cowboy cheerleaders were not present as the women in furs were absent from the photo. The photo very simply shows John..identified by Kristi and three other gentlemen in an undeveloped plot of land with shovels. Remember, this is a ground breaking and not a ribbon cutting ceremony...no flags and banners in photo. Somebody recently identified one of the gentlemen in the photo as a one of the cabinet ministers...and this is where we end with the photo. This information has also proven distress for certain individuals. They want further proof that this photo is legit...again, John is instructed by his attorneys to remain silent.

Basically, this is what has transpired over the weekend. We have one or two puzzle pieces and people want to draw negative conclusions about them...even though we don't have evidence either way. There are questions that need to be answered...and I am willing to wait...becasue....to date John have proven to be reliable and forthright with information...and I respect his need to not jeopardize his business dealings with Belize...it shows his determined busines approach to solve the problem. He cannot jeopardize his dealings at this time by telling us all...we must wait the results. And for those investors who fear the worst...I suggest they sell quietly and await the results..they may want to buy their shares back at a later date.
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