PanAmerican BanCorp (PABN) Info and Positive Thoughts Only Message Board

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Microcap & Penny Stocks : PanAmerican BanCorp (PABN) Info and Positive Thoughts Only

PABN 0.00001000

0.0%

Mar 7 3:00 PM EST

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To: jdcpa who wrote (812)	1/13/1999 10:54:00 AM
From: bobkern	Read Replies (1) of 1129

Just called the company. Spoke with George for quite awhile. Here is what we discussed. Keep in mind it is tough to take notes and keep up with the conversation. I am relaying the conversation as I remember it. I don't want to misrepresent anything, so feel free to call yourself. We talked at length about becoming a listed company. He stated that they were looking into this and that there were basically three ways to do this. 1. Become listed by meeting the requirements.ie.. have to show something like 10 million in assets, meet a certain income level for 1(or 3 years,can't remember), certain share price level,etc. 2. Acquire a company that meets the above requirements. 3. Merge with an existing company that is listed. This is the one that he felt made the most sense, but they have not decided which way will be best for PanAmerican. They are looking into all possibilities and George is currently beefing up on the requirements for each of these methods and will meet with John to discuss their options. They do plan to get this company listed. They are well aware of the recent news regarding bulletin board stocks and believe that there may come a day when BB's are no more. They want to be off the bulletin board in a reasonable period of time but he could not give me a date or specific time period. Financials. Financials will not be released anytime soon. Could not get a time frame out of him, but it doesn't sound like it will be this month. There are other things they want to accomplish first such as name change. Said it didn't make since to put them out before they are ready and can't file financials before decision is made on becoming listed. Indicated that they can't file the financials before possible acquisition and the reissue of stock that could take place then. I reminded him that John indicated at the Sept. shareholders meeting that they would have them out in January. He responded that things change and we will get them when everything is in place. They have a specific order in which they want certain things to happen and don't want to have unecessary steps if they can accomplish these things in the right order. Name change. They are still looking into a name change. This seems to be a priority also right now. No time table here also. No surprise. Intent is to take PRWT out. Doesn't make sense to continue trading under this name. Still conducting symbol search. Reminded me that name change isn't such an easy task. Have to insure name is available. Must contract with a transfer agent to issue new certificates when change takes place. Did say that they anticipate a 1 for 1 reissue when change takes place. Realty Money. Couldn't say much on this. Said that if a company is on their web site, then they obviously own it but wouldn't comment on anything else. When asked about 84 Lumber, said he has heard of all the talk but refused to comment on it at this time. Affordable Housing. Two model homes are up and their is a lot of interest with potential buyers and have been lots of viewings of these homes. Did not anticipate any news to be released over the wires. Said they would keep us updated on web site. Insider Trading. Machines are on order for Boca Raton. Should open in next month. Said they were cautious to open before making sure that Garden City continues to run smoothly. He thought that Garden City was going to be the central location for Insider Trading. Said trades made at Boca Raton would be routed through Garden City so it was imperative that everything work smoothly there before opening branches. There will be 20-25 stations at Boca Raton. Discussed my concerns about them merging while we were at .02. He said company is concerned about its shareholders and thought we would be pleased with our investment. Did say that we should realize that our investment wasn't actually putting money into the company(no kidding!). I reminded him that lots of us invested in the company in June because we believed in them and expected a big return on our investment. He seemed to think that as things progress, we will be pleased. So there it is. Don't know a whole lot more than we did. Confirmed some things, while picking up a few things. Doesn't help with my "PATIENCE" issue. Seems that we still have to play the waiting game. Don't know how much more of this my nerves can take. Hope this is helpful. Bob PS. This was copied from my post on Raging Bull. Too lazy to retype it.

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