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: jhild who wrote (37357)	6/2/1999 11:37:00 AM
From: Coop	Read Replies (1) of 43774

Not running from any issues... The FBI conducts background checks on any individuals involved with chartering a thrift. I honestly thought that you would know something simple like that or that you would ask someone who did! I met with a lawyer that has done this in the state of NY for some of his clients (and yes, he was successful) along with my father-in-law (who has been in the mortgage business for 22 years). Guess what, he spelled out the process in broad strokes and it is very normal to have everyone involved with the company "investigated" or "CHECKED" as far as their background goes. That doesn't usually occur until the final stages for obvious cost-related issues. No Bill Black wouldn't be saying anything like "we filed an application for a thrift". Bill's not stupid, in fact, he is very sharp! We briefly talked about the thrift and his general words were that things were coming together faster than they anticipated and that the FBI was checking John out. Having done some "sneakernet" DD (I'm not sure your little computer with a phone line and an anonymous login would understand), I made the comments that I did in a private message that I asked to be passed on. Honestly, do you think that PABN would still be trading IF THE FBI FOUND ANYTHING FRAUDULENT in John's background? This is a HUGE credit to the company and there is nothing that a rumor can do to it. Think about it: according to some, the SEC is aware of PABN and has not stepped in and according to me, the FBI has "checked" the background of the officer and he is still in charge. That is credit that cannot be taken away (but I'm sure you will try). Anyway, those are my thoughts and I believe that the process is much further along than you think. No, I'm not lying. There are more parts to the process than you know (I'm sure of that now) and we'll see what happens. Matt Don't put words in anyone's mouth, it gets old.

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