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: ColleenB who wrote (29320)	3/18/1999 6:52:00 PM
From: ERRAFF	Read Replies (1) of 43774

>>A question, I might be way off base but..... what if the reason PABN created this Thrift was for the purpose of "finding" the $6Million dollar loan it pledged to make to the failing company NHLT? In order to do that, they would have to have $240K in assets according to the 4% thrift clause. And at 2cents a share, the company could sell off 12Million shares and raise the capital necessary. We have been watching dumping of massive amounts of shares since December. So it's possible that the company could have easily dumped this many or more.<< An just for arguments sake, lets say they did. This would be a bad thing?

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