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: jdcpa who wrote (21032)	12/22/1998 1:25:00 PM
From: jhild	Read Replies (1) of 43774

Someone in the know feels the intrinsic value is 20 cents per share currently, disregarding deals in progress. Well there's an interesting statement. Let's examine that. If the intrinsic value is truly at 20¢'s a share, and we know that the management at PRWT thinks this is really the case, then why are they so generous? Why do they talk up this stock with investors at every opportunity? Why do we have Merv in Las Vegas and Charlie and John in New York shooting off their mouths about the shareholders being rewarded? Seems to me if this was such a sure thing, and they are as well capitalized as they say, with the current price at 1.7¢'s and the float at 200 to 230M shares, we are talking about only $3½ million to buy up the float. So why aren't they buying for $3&#189 million, what is worth intrinsically over $40million? This does not compute. Is it really philanthropy? Have they really decided that they want to reward all of the long enduring shareholders? Are there really Santa's helpers named John, Merv, Gus, and Charlie? Often when something is too good to be true . . .

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