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 (9367)	7/28/1998 12:32:00 PM
From: Data Miner	Read Replies (2) of 43774

I'm not sure I agree with estimates of the 'real' float being ~ 30 million shares. It seems the price swings have not been big enough for that to be the case. When we spiked to .125 we had several consecutive days of 20 - 40 million shares traded. This caused the price to move rapidly. We haven't seen that kind of volume since then. Most likely the 'real' float is more like 60 - 80 million. Otherwise we would be seeing a bigger run. That would explain the sluggishness of the stock right now. With more news coming and two or three days of big volume I bet we will then see .10+. I don't think we have recovered yet all of our 'strong hands' holding after the Belize misinformation. Once this is cleared up and more news on IT and the mortgage industry we will see more people holding long (and existing longs adding more shares). Then we'll see the 'real' float disappear and a huge move up. I'm thinking John will be addressing the outstanding shares issue sooner than he thinks...

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