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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)
PABN 0.000010000.0%Nov 21 9:30 AM EST

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To: David Sirk who wrote (18969)11/23/1998 11:01:00 PM
From: jhild  Read Replies (2) of 43774
 
I find your enthusiasm a little misplaced here. Here are some excerpts.

We anticipate that we will be generating sufficient revenues and showing profits in the near future.

Well what does that exactly say other than that they are not profitable now?

Though we have repeatedly stated that we have no plans for a reverse stock split, we are continually being asked about it. While it is one of our goals to be listed on some exchange, we do not know when or how it will happen. We will address this issue again in the future, but for now we are building and growing PanAmerican BanCorp.

Contrary to what you might like to think, this in fact is not at all a denial. It is a non-statement at best. In fact it suggests that push come to shove, he will do a reverse when he addresses this issue again in the future.

The models arrived last week and are due to be erected soon. We will then start to accept applications and orders for the houses. To date, we have about 100 people interested in a house at Ridge Lagoon Estates.

They only have 100 people interested in a house? They have 1000 lots to sell and that's just in Phase I. That project is in trouble.

We have a signed contract with a compatible retailer which gives us immediate exposure in over 400 locations. This will increase our visibility dramatically in the industry.

This is nonsense. The idea is to book the mortgages. That means that the originating brokers (not theirs) are making these bookings. Just what do they get? What is this contract? Come on.

PanAmerican Interactive is diligently finishing the testing and modification of the Videophone. We expect up to 200 units out in the next several weeks to complete the testing phase. If successful, a full roll out can be expected early next year.

Oh yeah. Something for everybody here I guess. What is the business model for these phones? Where are they going to be making money at this?

PanAmerican HealthCorp will also introduce the Patient Alliance in a big way. By implementing Healthcorp's newly signed agreements to manage and market the POWERx program, we will be able to provide affordable health care for every man, woman and child in America, especially the self employed and to over 70 million people who are uninsured.

As if the other hype wasn't enough.
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