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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: jhild who wrote (37357)6/2/1999 1:07:00 PM
From: PCModem  Read Replies (1) of 43774
 
"So just what is my lie? Part 2

Let's just look at one lie for the moment: your entire spin on the Form D filing.

Assuming the Cele 16 is telling the truth (another proven liar, but you choose to do your DD on Raging Bull, and then spin lies based on it, so I have to go with that for the sake of the discussion), let's see what the company has said (note the date, one day after the Form D filing according to your fellow liar, Cele 16):

panambancorp.com

"VIRTUAL OPEN HOUSE FOLLOW UP LETTER FROM JOHN SCHMITZ, PRESIDENT, PANAMERICAN BANCORP

March 24, 1999

Thank you for helping make our first Virtual Open House an event. We learned quite a bit from the experience. I would like to expand on some issues since the questions were being rapid fired and we had time constraints, we were only able to provide short answers.

Float Issue
When we took control of Purewater, there were 750,000,000 authorized shares, approximately 610,000,000 were issued and outstanding. Of the 610,000,000, approximately 228,000,000 of the shares were in public (not control or 144 restricted) hands. Since we changed the name and revised the charts, we authorized more shares in anticipation of some acquisitions and financing [!!!]. To date [!!!], the amount of shares freely trading is now approximately 250,000,000. The number will change as old [!!!] 144 stock gets released and some shareholder liquidation takes place. From the company standpoint, we feel the number of outstanding shares is only relevant to our final completion of our organizational structure.

Getting Listed
Our goal of becoming listed on some other exchange has not changed. Recognizing the criteria for such listing, we are exploring all available options. When the picture is complete and the entire organization is in place, we feel PanAmerican BanCorp will be a formidable enterprise dedicated to increased growth and revenue opportunities for the new millennium.

Along those lines, I would like to welcome PanAmerican Internet Group and First States Financial to our highly capable and dedicated team.

The professionalism and expertise of the Internet Group is evidenced daily in the pursuit of our goal of an integrated company. As a portal for all our divisions, the Internet Group gives us the ability to compete globally. As a regional, soon to be national, Internet service provider, we now have the technology to support all of our divisions in their increased demands in the information age.

First States Financial provides the keystone for our dynamic organization. In anticipation of our license as a federally chartered thrift, the addition of First State Financial gives us a kick start in achieving our goals. Having a thrift on the team provides PanAmerican BanCorp with liquidity and added stability.

In summary, a growth company needs leadership and teamwork. As I review the members of our team, I am only reminded of the 1998 New York Yankees. We have the team players who constantly chip in where needed, back each other up, support the shared vision, and no one person looks to be the superstar. Our group of dedicated business professionals have come together with a common goal and shared vision of building a good, solid and profitable business.

Sincerely,

John Schmitz
" [emphasis added]

I am NOT surprised to find that John's comments are consistent.

Cele 16 and you can post all the lies you want from the comfort of your anonymity and as long as RB and SI allow you to do so. John Schmitz cannot. He is being held to a much higher standard than you are being held to, indeed, a much higher standard than you even pretend to reach for.

The SEC, the NASD and now the FBI have investigated or are in the process of investigating PABN and its management. Your continuing lie is that they have committed illegal acts, defrauded investors and have shady pasts that indicate unsavory and/or illegal dealings in the past. You also have implicated the SEC, NASD and FBI in a conspiracy with PABN to defraud the shareholders. You have accused the company of attempting to defraud naive investment bankers and/or venture capitalists by failing to type a dollar sign in front of a sales figure. You know PABN and FirstStates have formed a joint venture, you know you do not know the name of that joint venture, you know you cannot find a name on a list if you do not know the name in question, yet you insist on the lie that you can't find the name which you don't know because they have not filed.

"So just what is my lie? Indeed. You are so deep into your lies you have deluded yourself concerning them. god-like you speak and consider that what you have spoken now exists.

Mental instability alert! Mental instability alert!

Keep it up. The evidence against you is already overwhelming. It is just a matter of time.

PCM

GO PABN!!!
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