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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)
PABN 0.000010000.0%Mar 7 3:00 PM EST

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To: J T who wrote (24399)1/28/1999 9:57:00 AM
From: ColleenB  Read Replies (5) of 43774
 
Thought you might find this article interesting....

Cabal creates $1.2 billion out of air Shadowy group of penny-stock companies inflates share prices to incredible levels

By Christopher Byron
MSNBC CONTRIBUTOR

Jan. 27 — Since the beginning of January, a group of obscurely linked and secretly controlled companies whose shares trade on the NASDAQ bulletin board have been soaring to astonishing heights, creating a combined market capitalization of $1.2 billion out of nothing but hot air and empty press releases. In the process, they have given investors a one-way ticket on a rocket ride that's surely headed for a crash landing.

you can read the rest of the story at... msnbc.com
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