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: Roger Bodine who wrote (15100)	10/10/1998 6:27:00 AM
From: Tom Murphy	Read Replies (4) of 43774

Roger....it may be legit....but there are 850,000,000 shares out there....It does appear the market is telling us this is a 2 cent stock and even then it may be overpriced. At 2 cents PRWT has a market cap of $170 million....To put that into perspective...there are currently a lot of companies out there with $500 million to $1 billion in revenues that have a smaller market cap than PRWT. I know everybody likes the idea of owning a lot of shares and does not want to see a reverse split....But thats a double-edged sword....I can't see this stock ever getting to $1 unless the Company does something to reduce the number of outstanding shares. Just my opinion.

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