You know what is nonsense.....
Making mountains out of molehills.
Anyone can see that Belize blew up because Hubert Elrington made Promices to Pan am that he was not able to.
Also, a simple phone call to the Transfer agent would eliminate the need for guessing about share count. Had I called in June I would have know the Outstanding was 610 million and not 540 million as reported by Top Dog. (Yes, I should never have listened to another online alias)
RMC fell apart because Williams couldn't back up the figures.
Now people can cry foul and say But But But I thought the merger was done, and it easily was a done deal.
People have asked how a done deal could be undone, Easy. An escape clause.
What is an escape clause. Well for those that don't know, an escape clause is what any lawyer worth his salt puts in any contract as an exit to a deal if one party does not meet an obligation.
In this case, the escape clause probably had to do with an audit of the books.
You want to make panam the guilty party, but if Panam is guilty, why won't Williams return my calls.
You (the general you, not you specifically) wonder in amazement why the stock price drops. Easy, more people sold than bought.
It isn't mystical. It simple logic. I'd do it if I was a market maker too. If I saw a flood of sells lined up, well, I'd offer less money for them too.
You want the company to report financials. Well who doesn't?
The reason it is on the OTC and at a low price is because there are a lot of unknowns.
You say the best thing for everyone is to see the stock halted???????
Best for who???
Sure wouldn't help the 1500 or so investors, now would it.
Help the Market makers?
No, can't make a market in a halted stock.
And why would the SEC halt it anyway? Because Colleenb bought High, sold low, based on her brothers recommendation. If that were the case then all 28000 stocks in the US and Canada would be halted, because there will always be someone who buys high and sells low in every stock.
Some one bought Walmart at its high.
Someone bought IVIL at its high. Someone bought IOM, HD sears, DIS, may tag, MSN etc etc etc at the high and sold low.
The biggest problem with this internet thingy is that it has opened up direct investing to a vast amount of people that should not be investing on their own.
10 years ago most of the people on this thread would not have even know what the OTC is, nevermind investing on their own.
I hope that someday the governments of our two countries pass a law that requires all people to take a course from recognized professionals that teach how to invest wisely before they can invest on their own.
I have seen a lot of people buy OTC stocks this past year, who really shouldn't be investing on their own at all.
I have seen people lose their shirts in every type of issue. OTC, Nasdaq, NYSE, TSE, AMEX, calls, puts, options, mutual funds, Futures...
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What good will come from scare tactics on either side.
If PABN should be halted , then so should all 6600 other OTC.
AIMS came out at $13.25 last year.
it is at $1.50 right now. Know what that thread is bitching about...no financials.
Oh I guess they are about to be delisted.
Heck WDEE hasn't been halted and that was a scam as far as I can see. 46 cents to 2 cents.
How about WACC Nasdaq $7.25 all the way down to pink sheets 10 cents. No halt. Claims of a sportsworld being built right next to Disney. (Drove past the property last year. Guess what , open field)
How about BIGG, AZNT, those are very bizzare stories over there. You would think that those were on the Halt block. No halt.
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So why suggest PABN get halted? To scare the small guys?
Why post any of this crap? I'd have preferred to have continued to post my songs and stories. At least people were happier.
Not too mention that the majority of the people here are just John Q public and has no ties to PABN other than some certs in street name.
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You want to help people? Why not post things like.."for all of you thinking of bailing, I recommend you wait for the trend to uptick a bit. This stock has a standard Deviation of .004. Currently that is between .011 and .015 2 weeks ago it was .017 and .021
Why not point out that the Market Makers have been churning this stock.
Why call it a scam, when there is no evidense at this time to support that claim.
Why.
Why.
Why? How can civil dialogue ever take place on any thread when both sides will never see the other sides points. You want to use Colleen as an ally, but you know, she is not experienced. You know she doesn't understand a lot of market tactics.
How can anyone take any of this seriously if it is all or nothing all the time.
It is either the next General Electric or the Next Bre-x
It's been fun, but the Story is getting Tired.
I'll keep buying and selling. And when I view the crap, I'll just keep shaking my head, knowing that the little guy is getting burned. Burned by a stock market system, that allows novice investors to tread in dangerous deep waters.
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