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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: slotman who wrote (13999)9/23/1998 4:00:00 PM
From: Gordon Gekko  Read Replies (1) of 43774
 
Not entirely true.

This is what John told me when I talked to him back in early August.

"Number of shares. 750M authorized. 610M outstanding. 140M reserved for warrants (750-610). Apparently, there are still some issues with these warrants. He did not elaborate. 208M-212M in the float. The remaining are control or company owned."

I would assume the issue with the warrants was resolved and they were converted into shares. I hope they have some kind of restriction and are held in the control pool.

GG
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