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


To: PCModem who wrote (39021)6/28/1999 8:11:00 PM
From: jhild  Read Replies (1) | Respond to of 43774
 
HooBoy the Minister of Misinformation strikes again.

First off, it appears to be substantially the same document as presented on the geocities site, but with a couple of differences. As you noted before the subscription agreement and the subscriber questionnaire are not on the geocities site.

With your usual stunning thoroughness you have not checked your facts yet again. Indeed predictability may be the word for the week as someone observed earlier. There is a Subscriber Questionnaire and a Subscription Agreement and a Purchaser Representative Questionnaire on the Geocities site: geocities.com



To: PCModem who wrote (39021)6/28/1999 8:21:00 PM
From: ColleenB  Read Replies (1) | Respond to of 43774
 
Thus the conditions under which I said I'd launch a class action suit do not exist.

How convenient for you to have added those stipulations



To: PCModem who wrote (39021)6/28/1999 8:31:00 PM
From: ColleenB  Read Replies (2) | Respond to of 43774
 
All of the shares issued as a result of the acquisition of RMC were returned to the treasury

According to NUMEROUS posters who spoke to Dave Williams, the acquisition was never completed. Think about it. If the RM between PABN (Nevada) and PRWT (Delaware) happened on March 9th, and we were told on April 1st that RMC was no longer a part of PABN

PanAmerican BanCorp has recently decided to forgo pursuing
opportunities with Realty Money Center, Inc.
#reply-9740829

when the heck did the merger between RMC and PABN/PRWT happen? The timing makes it extremely unlikely for this to have happened. Think about it, they only had a 3 week window.



To: PCModem who wrote (39021)6/28/1999 8:58:00 PM
From: jhild  Read Replies (1) | Respond to of 43774
 
The notes and the financial projections for RMC were prepared by RMC and represented as true and accurate by RMC to the company.

Did someone put a gun to John Schmitz's head? Was he so far out of touch that he merely accepted whatever Warren David Williams submitted to him for this filing? For 9 months he had no oversight of the RMC operations, had not the slightest clue that there was something amiss? Please, even you didn't accept that as a possibility a few weeks ago when you were calling the document a fraud.

Credibility is so important in today's world.



To: PCModem who wrote (39021)6/28/1999 9:03:00 PM
From: ColleenB  Read Replies (1) | Respond to of 43774
 
uh oh...here you are speaking out of turn AGAIN...

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): #reply-9907880

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.
[boy howdy, is this ever an understatement]

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.

panambancorp.com

but...why was this written so vaguely when just one day before this was sent to the SEC...

There are 880,000,000 Shares subject to issuance under presently outstanding stock agreements, stock options, warrants or rights.

The Company has a total of 1,750,000,000 Authorized Shares of its Common Stock
#reply-10229108

And you respond with....I am NOT surprised to find that John's comments are consistent. ...hahahahahaha WHERE?



To: PCModem who wrote (39021)6/29/1999 12:13:00 AM
From: jhild  Respond to of 43774
 
I confronted Ray Gamble and Charles Vaccaro concerning this document. Their view was understandable: It was a private (not public) placement prepared for two people. It was never intended to be released to the public (and has not been released to the public by the SEC or by the company).

I see, since it was a private document, then misrepresentations are ok? I don't think the SEC sees it that way. I agree with one thing the boys said, I'm sure it wasn't intended to be read by the public. I bet they thought they could say just about anything without fear that it would be made public. But ooopps. Another miscalculation.