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: Bill Story who wrote (9286)	7/28/1998 10:43:00 AM
From: Currency	Read Replies (2) of 43774

I fail to see why the questions on the float keep coming into play. It's not that I don't disagree with your question and not that I don't understand why it's being brought up. Here's why... The stock is at 5 cents or there abouts. How much does it take to dry up the float? Or, better yes, I can say, somewhere between 1/2 and 3/4 of the flaot are stashed away in long term investors that are holding LONG. So, what's that leave us.... maybe as few as 30M to trade? And now that it's at 5 cents, now we talking about very little cash to buy that and trade it and make it move. Then, when it reaches the quarter range, rumor is that John will address this issue with a possible share buy back, cancellation, or something to that effect.

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