SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TokyoMex who wrote (3289)9/6/1998 12:36:00 AM
From: JEB  Read Replies (1) of 119973
 
Joe,

Let's put this BAC matter to rest. I've found a 3/30/98 10K for NationsBank which says:

*********************************************************************
Foreign -- Foreign outstandings include loans and leases, interest-bearing
deposits with foreign banks, bankers' acceptances and other investments. The
Corporation's foreign commercial outstandings totaled $17.0 billion, $8.1
billion and $3.8 billion on December 31, 1997, 1996 and 1995, respectively. The
Corporation had foreign outstandings of $2.3 billion with Germany, $2.4 billion
with countries in Asia (primarily Japan), $3.3 billion with France and $3.8
billion with Canada on December 31, 1997. There were no foreign outstandings to
any country greater than 1 percent of total assets on December 31, 1996 and1995.
*********************************************************************

It seems Bank America as more exposure and could still be affected since the merger hasn't gone through yet. Tough call, I think I will pass on this one. Too many ifs.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext