Well, Bob, PanAm does not need to be a listed company to merge ,aquire, be aquired, reverse merge, or whatever, with a listed company. All they need to be , is a corparate entity. A merge with PRWT would only get them listed, BB or otherwise. If my memory serves me correctly, Both RMC, and Insider Trading were bought with shares, and "other considerations". Shares of PRWT, I would assume, but could have been shares of PanAm also. Just becouse your not listed, does not mean a corperations shares cannot be used as collateral, or assumed as some sort of financial asset with monetary worth. And nobody knows what the percentage of the costs of these companies, were shares of PRWT.
As far as John owning shares of PRWT, I recall no public statements, or reports that John bought shares of PRWT. Nor if he has sold any of them either. He could have easily bought the shares at sub pennies, and have been unloading them at much higher levels over the past few months. I believe what you are refering to has all been taken for granted as truth from a phone call some investor posted on this board. Their may have been some mention of it during the share holders meeting, I don't know.
Ownership of shares would be filed with some state agency where the corperation was filed. You may, or may not be able to find that on the internet.
RMC, Insider Trading and others may be "in the fold", but as of the first of the year, it was only PanAm's fold, not PRWT's. |
