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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: barbara sperino who wrote (33468)4/19/1999 11:25:00 AM
From: Fred C. Dobbs  Read Replies (1) of 43774
 
Re-post from late last nite. #33476

I have no idea how SEC monitors BB stocks, but IMHO they must follow some type of similar guidelines. Since some consider PABN a scam, why has is not been halted. Considering recent volumes and press releases, surely they must be aware of all the trading activity. The only conclusion I have then, is that they are aware, and see no reason to intervene.

otcbb.com

Trading can be halted on OTCBB securities, however, neither The Nasdaq Stock Market, Inc. nor the NASD has the authority to do so. Trading in an OTC security may only be halted by the SEC.

nasdaqtrader.com.

Trading Halts 1 Chapter 6
Trading Halts
The Nasdaq Stock Market® provides real-time surveillance of issuer activity on Nasdaq® by reviewing press releases issued by Nasdaq-listed companies for material news, and by monitoring price and VOLUME ACTIVITY in Nasdaq securities using automated surveillance systems. In the course of on-line surveillance, the Nasdaq StockWatch Department has the authority to implement temporary trading halts to allow for even dissemination of material news.

See you all in the morning
TTFN

OH ya, GO PABN
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