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: LegalBeast who wrote (11559)	8/13/1998 9:54:00 AM
From: Style Writer	Read Replies (2) of 43774

Just got a response from the Solicitor General for the Attorney General's Ministry in Belize stating that under Reference 88/9/1/88/98 (668) dated 2/24/98, that the Memorandum and Articles of Association of "Affordable Housing Group Limited" situated at 2A King Street, Belize City comply with the requirements of the Companies Act, Chapter 206. I was further advised that the Affordable Housing Group Limited was incorporated in Belize on February 27, 1998 and that John Schmitz owns shares in Affordable Housing Group Limited purchased with US dollars and permission under the Exchange Control Regulation 8 (2) 1976 from the Central Bank of Belize. That means Affordable Housing is licensed to do business in Belize and the shares that John assigned to PRWT in Affordable Housing are valid. News will be forthcoming when John deems it advisable. I believe John to be very honest and straight-forward and everything he has told us so far has turned out to be the truth. I am in for the long run and at these prices anyone who bails is very foolish indeed. Accumulating and holding long.

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