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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: Lucky Charm who wrote (22200)1/6/1999 9:04:00 AM
From: jhild  Read Replies (4) of 43774
 
National Health and Safety Corporation (OTC Bulletin Board: NHLT) announced today that it has entered into final stages of negotiations with PanAmerican BanCorp (OTC Bulletin Board: PRWT) of New York to provide up to $6 million in expansion financing.

Do you suppose that it their way of saying that they are almost pregnant? That is a pretty thin excuse for a press release and not at all understandable as to whether or not any money is passing between the two companies or in which direction for that matter. PRWT is the one sitting around with a $13 million market cap, getting ready to provide what $6 million and this is to a company that is handling what $125 million in existing contracts and expecting $100 million more a year in revenue for their scanner?

This is the very same company that someone is speculating that PRWT is going to merge with into a new entity where the split in shares would be 70% PRWT and 30% NHLT.

Things would be a lot clearer if the financials were released. But then I guess that's why all of this information is being kept from the public. It is, of course, for the current shareholders best interests to do so, I must keep reminding myself.
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