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Microcap & Penny Stocks : PanAmerican BanCorp (PABN) -- Ignore unavailable to you. Want to Upgrade?


To: ColleenB who wrote (38284)6/18/1999 8:08:00 AM
From: ColleenB  Respond to of 43774
 
The Offering

Use of Proceeds

The Company intends to use the proceeds of this Offering for the acquisition of Investorsguru.com and an online gaming casino with any remaining funds for the following: (1)marketing and advertising, (2) website development and (3)working capital.

The Offering

A maximum of 100,000,000 Shares at an offering price of $.01 per Share.

Securities Being Offered

Common Shares, $.001 par value:.................... 100,000,000

Common Shares presently outstanding.................

Footnotes:

(1) Assuming all shares are sold, the purchasers herein will acquire ___% of the Company's total number of outstanding shares as of ______, 1998[sic].

Transfer Agent
The Company uses Continental Stock Transfer & Trust Company, New York, NY.

Risk Factors:

An investment in the Company's shares involves substantial risks and should be considered only by those who can afford to sustain a total loss and do not require liquidity in their investment. See "Risk Factors".

Reports to Shareholders

The Company, will in the future, furnish its[sic] Shareholders with annual financial statements prepared by independent certified public accountants as well as unaudited quarterly financial reports and such other corporate and financial information as the company deems appropriate.

geocities.com




To: ColleenB who wrote (38284)6/18/1999 8:53:00 AM
From: ColleenB  Read Replies (2) | Respond to of 43774
 
Risk Factors

The shares offered hereby are highly speculative, involve a substantial degree of risk, and should be considered only by persons able to bear the economic risk of the investment for an indefinite period. Prior to making an investment decision, prospective investors should carefully consider, along with all of the information contained within this offering circular, the following risk factors, and should consult with their legal and financial advisors with respect thereto:

This prospectus, including the documents incorporated by reference, contains "forward looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Forward-looking statements are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of PanAmerican BanCorp ("PRWT")[sic], or industry results to differ materially from any future results performance or achievements expressed or implied by such forward-looking statements speak only as of the date of this Prospectus. PRWT[sic] expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in PRWT's[sic] expectations or any change in events, conditions or circumstances on which any such statement is based.

An investment in these Shares entails a high degree of risk and should be considered only by investors who can afford to sustain a loss of their entire investment. Investors will be required to represent that they are familiar with and understand the terms of this Offering and that they meet certain suitability requirements. Accordingly, in analyzing this Offering, prospective investors should give careful consideration among other items, to the following factors:

Development Stage Company - Limited History of Operations

The Company is a development stage Company and to date has generated limited sales from its[sic] mortgage banking business. As a development stage company, it will be subject to all of the risks, uncertainties and lack of standing generally associated with new enterprises. Despite the fact that the Company's principal has substantial experience in dealing with the target market, there can be absolutely no assurance that the Company will be able to survive the highly competitive and rapidly changing environment of the internet arena. See "Business".

Continuing Operating Losses and Need for Financing. PRWT[sic] was organized in 1997 to take advantage of an opportunity in Belize in the mortgage banking field. Since operations are new, there can be no assurance that sufficient revenue and cash flows will be generated to support the Company's operations or that the Company will ever operate profitably. The Company is dependent upon receipt of the net proceeds of the Offering to finance the continued operations of the Company and may need additional financing to fund its[sic] future operations and development of new products.

geocities.com



To: ColleenB who wrote (38284)6/18/1999 9:33:00 AM
From: Scottoo  Read Replies (1) | Respond to of 43774
 
Are you trying to demonstrate your command of the language by placing [sic] next to its?? Its is used properly in this memo. It is the possessive case of the pronoun it(its entirety). "It's" is the contraction for it is. Are you saying that it should read "it is entirety"? Go back to "Dick and Jane" or complete your homework assignment as instructed by PC. Your brilliance is exceeded only by your(fill in the blank)



To: ColleenB who wrote (38284)6/18/1999 10:27:00 AM
From: barbara sperino  Read Replies (3) | Respond to of 43774
 
This website that you are getting this info from is at Geocity. Anyone , even you , can put a website up and put anything you want on it.
Where did this info come from? When was it posted and WHO posted it?
Again I see you are doing DD on info that you have no idea who or why it was posted.
Did the company post this on Geocity??



To: ColleenB who wrote (38284)6/18/1999 6:55:00 PM
From: PCModem  Read Replies (1) | Respond to of 43774
 
"PanAmerican BanCorp ("PanAmerican") was organized in 1997 to take advantage of an opportunity in Belize. "

I'm so far behind in my reading that this has probably already been addressed....but does anyone else notice anything wrong with that "quote" from the so-called private placement memorandum? (Hint, check out the date.)

This is obviously a fake document.

"Over the next two years, investors were lined up to purchase mortgages from PanAmerican."

"...investors were lined up..." ???

Too funny for words!

"Purewater Sciences held several patents on water purification. Its[sic] products have been discontinued and may or may not be revamped, however, the possibilities are being investigated."

The entire water business was sold. The above statement is such a fabrication it is amazing that anyone would fall for it, except of course for colleenB.

sic[k] is more like it.

PCM

GO PABN!!!