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: Lucky Charm who wrote (14435)	9/26/1998 6:35:00 PM
From: TCAT	Read Replies (6) of 43774

More crap the company has to put up with. I feel they should get the hell out of this pathetic place and start concentrating on IT. This is a beautiful island with pathetic government. Here is the post."Foreign company exposed" Sorry to bring more bad news (or same bad news) but I just saw this on the Online Belize Times which is the official newspaper of the current PUP government of Belize. I'm wondering what to do... belizetimes.com The Government of Belize would like to inform the people of Belize and other interested persons outside of Belize that a foreign company by the name "Pan American Bancorp" (PRWT) in the US is claiming that it has an agreement with the Government to conduct mortgage banking in Belize. This company, according to information, is advertising on the internet, claiming that it has already received six thousand mortgage applications from Belizean citizens through its wholly-owned subsidiary called "Affordable Housing Group Ltd," which is located in Belize. The Government of Belize would like to categorically declare that it is not aware of any guarantee of these mortgages or any mortgages as claimed by this foreign company. The Government also wishes to inform members of the public and other persons outside of Belize that the Government of Belize does not have any agreement of any kind with this foreign company and the Central Bank of Belize to conduct mortgage banking. However, in the spirit of economic development the Government of Belize, welcomes foreign investments that will stimulate economic stability, but, it will engage in such investment projects in a manner that is transparent and is committed to encourage and foster investment that will ensure economic stability and national development through the creation of jobs for all Belizeans. Members of the public in Belize and outside of Belize are therefore advised to exercise due prudence and diligence before making any investment with this company or its subsidiary. (Press Release)

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