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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)
PABN 0.000010000.0%Mar 7 3:00 PM EST
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To: ISOMAN who wrote (12156)8/18/1998 10:27:00 AM
From: jhild  Read Replies (2) of 43774
 
isoman, I see that you understand my intentions with regard to due diligence. Differences of opinion is what makes a market. I suspect that we have different views of things based on each of our unique experiences. I hope that others can come to the understanding that not asking questions and only accepting the positive news and statements of the company can give your investing compass a wrong heading.

I do want to make a point about the information that you have gathered from Belize. As I read the government report it does not say that John Schmitz is not involved in Affordable Housing, nor does it say that they do not exist. So both your information and the government report are consistent. What has yet to be addressed by any source but the government is whether Affordable Housing has any mortgage arrangements with the Central Bank or are they licensed to do mortgages. The government there says no.

In that regard,it does raise the issue of just what percentages of ownership PRWT has of Affordable Housing there in Belize. That John Schmitz has a part of that business is small consolation to the shareholders, if that part of the business belongs to him as an individual.

Well the financials should address these issues. I wonder when they are coming?
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