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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)
PABN 0.000010000.0%Nov 7 9:30 AM EST
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To: Howard C. who wrote (36547)5/19/1999 2:28:00 PM
From: jhild  Read Replies (2) of 43774
 
Let's look at their treatment of the filing of financials:

6/29/98: . . .I had a brief face to face meeting with John . . .Financial reporting is in the works with the accountants..the 2nd qtr ends this month June 30th, and the financials will be due out about 45 days after this date. #reply-5050846

9/25/98: The Old PRWT books will close on Sept 30 1998.
The old shares will be converted and exchanged one for one.
PANBANCORP will be reporting with the 45 day limit. #reply-5837174

11/4/98: Finacials This was a key question that I pressed on many times. I could not get a firm commitment on that one. He does not have to do it, so he will do it when he can get the proper balance sheet and information in order. He did commit to releasing some sort of finacial data by the end of the year. #reply-6293989

12/3/98: Their priority right now is completing and reporting the financials. . . . The company says financials will be out in January and I believe them. #reply-6663698

2/24/99Rey: When do you expect financials to be out?
<Moderator>: Regarding financials, we expect to file financials before the end of Q2
#reply-8179548 [This comment appears as an answer about 10 times through out the transcript.]

What is your take on the full story on this issue of reporting. I think they have very little credibility when it comes to looking at what they say. (I also note that this behavior is consistent with the behavior that the NASDR cited in the way Greenway brokers treated their clients in putting them off and not executing their trades.)
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