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: Alastair McIntosh who wrote (10113)	8/2/1998 5:27:00 PM
From: xbrent	Read Replies (4) of 43774

Well it is sunday evening and we are back in the same place we were a week ago. Back to the Belize problem one more time. In the course of the last week we have had a person go to Belize, see the building site and talk with the builder. The builder indicates that the project is a go. I encourage anyone to read the posts of the visit. I think that more than 90% of the persons who deal with this stock understand that we have a political problem in Belize because of the election which will be held in a few weeks. The Company has positioned itself so that it will prevail regardless of who wins the election. The Company has spent months nurturing this project and remains convinced that the project will be a successful venture. Why are we still dealing with it? We are dealing with it because the Company and the Belize government are unable to deal with it at this moment because of local politics. It may also be an attempt by some to negotiate a better deal. Has the Company lied? Again I think that you will find that more than 90% of the people who deal with the stock think that the Company has not lied but rather is in a delicate and awkward political situation. Last sunday I suggested that anyone uncomfortable with Belize should sell. Maybe most of them did, but obviously some have not. I have been criticized for that statement. But I still recommend it. The Company is alot more than Belize. The Company is defining itself as a financial services firm specializing in domestic and international mortgages, paper, and electronic and offering companion services. I think that you will find that they define all of that within a few weeks. Moreover, the Company has a infant electronic brokerage firm that began to advertise this week. I think that when they advertise on CNBC that the stock will rocket. The biggest liability the company has is the number of shares outstanding. The Company has repeatedly indicated a desire to grow its way out of the number of outstanding shares. One needs to keep in mind that Treasury shares used in acqusitions are restricted. They are still outstanding but restricted. Some have calculated that it is possible for the company to have earnings per share more that equal to the present value of the shares. I don't know how they calculated that but they have done it a number of times. I realize that the Belize problem bothers some people. It bothers me because of that. I really don't much care about it in terms of the overall Company. The moment the Company does a mortgage deal in Costa Rica for example, it will dwarf the Belize project. The moment the brokerage takes off Belize will be forgotten in a split second. Perhaps there are some who own the Company because of Belize only. For those people I appreciate the extent of their concern. I had a PM this week indicating that their is a good likly hood that Belize may be clarified this week. Thats good news because we won't have to deal with it next sunday.

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