"Meet the Management" Meeting June 29, 1999 with John Schmitz, Chairman and CEO, PanAmerican BanCorp - PRELIMINARY TRANSCRIPT
Part I:
John_Schmitz: Hi Everyone. Thanks for joining us at the PABN Meet the Management Meeting featuring John Schmitz, Chairman and CEO of PanAmerican
BanCorp. We're going to answer as many questions as possible in real time, and a transcript will be posted on the PABN web site ASAP after today's meeting.
jcgosu50: You can do it HeVy
RAM: 15Will Video be in the bluescrene box/
Reno_Hardcase: PEEk - A - BOO !!!
NoAnchovies: hi John
ERRAFF: Good afternon
mandi: GUYS...... ETRADE DOESNT GIVE ANY PRICE ON PABN......... SOMETHING BIG....
HevyTrader: 3 Hello John
park: When are financials coming out?
John_Schmitz: Hi Hevy
Raymond: skitrade
Dave: Dave: John how will you market the Deao(internet service) 12
batson: people, 1 question, 1 answer
finkel: john what is real pabn float???
BILLR: When are the financials due out (date)?
MikeU: When will Deao.com go national?
comtec1: hi john
mrtucson: lets start with hevys questtions first
Bernice_Bernice: Nice to meet you Mr. Smitz
ron: Thanks for doing this John. I wanna know about the financials, too.
woull: ARE THERE REALLY 1.75 BILLION SHARES AUTHORIZED??
HevyTrader: 3 Please let's be organized please
John_Schmitz: Fianancials are expected to be released and posted early next week. they will be posted on the pabn web site
labrador: What is the status of the national thrift institution?
nemo: 4everybody slow down let hevy speak
HevyTrader: 3 What quarters will they cover?
bernie724: will the fianancials be positive?
BILLR: Are the financials positive????????
frankwiz: Hi John, does PABN need to file with NASD to stay on OTC-BB?
comtec1: LET HEVY SPEAK
batson: HeVy ONLY!
John_Schmitz: finkel: the PABN float will be covered in detail in the registration in two weeks
finkel: thank you
cuttothechase: hello
max3131: what is a float?
Reno_Hardcase: Skitrade isn't the only group in here guys...
JoeTenerelli: 15 /msg Kristi Hi Kristi
PCModem: An SB2 Registration???
pat411: What registration is that?
MRBIG: it's already posted on your website
FiNnZ_34: what other groups are here?
HevyTrader: 3 What quarters will the financials cover
John_Schmitz: regarding positive financials: the company is in a capitalization stage so there will more revenue in ensuing quarters
Rsant: Hello John, from what you can tell us how does the financials look like?Positive?
Reno_Hardcase: RB people for one...
Bernice_Bernice: What registration
John_Schmitz: regarding registration: we haven't decided which one- we don't know if full SB2 or another one.
msturgeo: John...We are all interested in the Financials. Could you elaborate on what a Capitalization stage is?
MRBIG: Can we expect more PR
BILLR: Gentlemen, do you have a date set for NASDAQ?
HevyTrader: 3 John which quarters will be reported in these financials
park: What About The Merger With NHLT?
batson: you guys, 1 question, 1 answer
gfor3: Hi John - what kind of marketing willbe done for the inside trader?
John_Schmitz: Hevy: financials will be proforma, historical will cover one year we've been in biz: july 98-june 99
ron: I am an INDIVIDUAL investor. John, in which business area do you see the greatest potential?
comtec1: will the financial contain all subsids of PABN to date ?
HevyTrader: C'mon people lets do this right, one question at a time...we have over 30 questions to ask, let's no waste time
arh: is reverse split in order
HevyTrader: John, regarding PR's, will we see somemore?
BillB: wait for answers
sarazen: IS IT SAFE TO SAY ONE DIGIBILL CLAIM EQUALS ONE DOLLAR?
Get: When will the Reverse split take place?
John_Schmitz_2: Captialization stage is when we capitalize the company to carry out the business plan.
John_Schmitz: fianancials will cover ALL the subsids and will be comprehensive
HevyTrader: 3 PABN has four companies...go you think it's possible to get more PR's out
John_Schmitz: We still have no plans for a reverse split
BabeWithStocks: everybody Hevy has questions that cover everything let him ask the questions
cuttothechase: What will be the first question?
allrich: Todays' Press Release
MikeU: MikeU: Why was a Form D filed? Does PABN need money?
Tom_Kondo: Do you feel that the price of your stock has been severely depressed by market makers?
Get: then How will you ever make it to a big exchange
woull: WHEN DO YOU THINK YOU CAN ACHIEVE A NASDAQ LISTING?
batson: obviously, bashers are here to ruin this
John_Schmitz: MikeU: private placement was done in march
BillB: Wait for the current answers
frankwiz: when do you see PABN becomes a Billion dollar Co.?
HevyTrader: 3 People, we have a list of questions that cover all these inquiries...
park: What About A Stock BuyBack?
Get: LOL
Rsant: Why do you think the stock price is low?
jcgosu50: Why was a private placement offered for .01 per share
John_Schmitz: Hevy: re: PR, we're releasing PR as the situation warrants
comtec1: let hevy ask question, what he doesnt cove we can ask later
John_Schmitz_2: We don't have any plans for a stock buy back.
HevyTrader: 3 Will there be a PR regarding the official release of Insider Trading/
John_Schmitz: Rsant: I can't answer any speculative questions about the stock price
msturgeo: John ... Do you like the stock price?
sarazen: ENOUGH ALREADY SHAREHOLDERS, TALK JOHN
John_Schmitz: Hevy: can you clarify your question re: Insider Trading?
MikeU: When will PABN move to another exchange and off the OTCBB?
stockanator: stockanator: shut up people listen to hevy!!!
FiNnZ_34: let the man answer what has already been asked this is riddiculous
John_Schmitz: franchise info on insider trading will be forthcoming
Briar: Any commercials for IT in the Los Angeles area planned?
pookie: It takes a very large volume to move a stock with such large float. Is that your intention to prevent a large shift in price in the beginning of building stages?
HevyTrader: We are looking for an official PR regarding IT and where it is licensed and when it will be operational as franchises
skeets: John,please just answer hevys ???,for first 20 min.
frankwiz: Whom Insider Trading is competing t, and how Insider trading has been posiioned?
Rey: John can you wave at us with a thumbs up, thanks
MRBIG: ONLINE TRADING?
MikeU: Are there still plans to open an IT office in Las Vegas?
BillB: Briar
Rsant: Will your company be advertising m,ore in order to get the greater awareness?
sarazen: JOHN UPDATE US AND WE'LL BE QUITE FOR A BIT
John_Schmitz: Briar: no commercials are planned in LA right now
John_Schmitz_2: Our goal has always been to move off the bulletin Board. We are going under extensive financial review and reorganization in order to meet all
the different requirements for the different exchanges.
HevyTrader: 3 We are looking for a PR regarding IT, where it is licensed and whre the commercials are going to be shown
nemo: 4Mr Schmitz pls addres hevy inquires
ron: John, which business area do you feel has the greatest potential for PABN, and how are you going after that area? You are so diversifies, how can you
concentrate on making it big in any one area?
hog: .032
Lobman: Is a reverser split being considered for filing an application for NASDAQ?
BillB: John will address as many questions as possible
John_Schmitz: Hevy: a franchise process needs a UFOC...we're in the process of completing all the legal items for that
letsgo: hevy isn't the only stockholder
John_Schmitz: letsgo: we're trying- do you have a question
HevyTrader: 3 Any time frame for that JOhn
FiNnZ_34: letsgo he is the main one
BillB: ron
batson: you people ruining this!!!!!!!!
MRBIG: ONLINE TRADING?
gfor3: What's the long-term outlook?
John_Schmitz: Lobman: we do not have any plans for a reverse split
Lobman: thank you
ace777: any intrest in digibill
John_Schmitz_2: We are streamlining and we will be focusing on Internet financial services, including DigiBill and deao.com.
BillB: MRBIG
John_Schmitz: MRBIG: what about online trading?
Rey: John what about your new office in Buenos Aires
BillB: gfor3
MRBIG: will it be offered through IT
HevyTrader: 3 John we were under the impression that you were going to talk to the MM's and try to ease their grip on the stock price....has this happened?
lester: i live rather close to your long island office..may i come to visit ?
BillB: Rey
John_Schmitz: gfor3: we feel a long term outlook is positive
woull: ARE THE AUTHORIZED SHARES REALLY 1,750,000,000???
nemo: 4howeer is reading the questions to Mr Schmitz, lease address questions from hevy
sarazen: 264+ SHAREHOLDERS IN ATTENDANCE
bernie724: When will Deao.com be released what are its features? Will it be like the offline channel browser that MS uses?
usa: Sir, what are wo going to do about thae numerous pabn bashers, they truly effect progress. you and the mangement are bashed for false reasons
pookie: any potential that healtheon will take over PABN?
Briar: When you say that the financials are expected to be published early next week, are you confident that they will?
NoAnchovies: Hi John....will Insider Trading begin to compete w/ Shwab, NDB and etrade?
John_Schmitz: bernie724: expect more information on Deao very shortly
ron: How can you say that you are streamlining in Internet financials, when today you announced the opening of a financing arm down south?
pookie: Is company profitable yet?
John_Schmitz: Briar: we are very confident. We've seen too much of the accountants!
whatmeworry: What are your feelings about the current valuation of PABN in the marketplace?
dupont: could you tell us something we don't already know
HevyTrader: 3 John we were under the impression that you were going to talk to the MM's and try to ease their grip on the stock price....has this happened?
John_Schmitz_2: Buenos Aires is a huge untapped market for mortgages. They are where the U.S. market was 20 years ago to securitizing residential
mortgages. We feel that this is a great opportunity.
BillB: Slow down the questions and wait for answers
John_Schmitz: pookie: company profits will be covered in the financials
MRBIG: waiting
-NickServ- This nickname is owned by someone else. Please choose another.
-NickServ- If this is your nickname use "/NickServ IDENTIFY password: "
-: *nickserv* identify domino
John_Schmitz_2: I have no control over the MM's
-NickServ- Password accepted for the nick "Ed".
Rey: John, Any plans to spinoff DEAO on it's own symbol? or continue part of PABN. Thanks
Skitrade: 3John, it was once said that I-T provided trading for OTC stocks such as PABN through a level 2/ECN platform . . . can you expand on this? Many
Level 2/ECN services do not allow this . . . I think that this would give PABN a great upper hand.
John_Schmitz: MRBIG: sorry, your question again?
sarazen: sarazen) is DIGIBILL equal to one claim(medicare) one dollar
BillB: Rey
allrich: 4July 6th for DEAO.COM ?
ron: I agree, but sometimes you have to "streamline" WHICH MEANS CONCENTRATE ON THE area with the biggest potential.
ron: Sorry about the caps
John_Schmitz: allrich: july 6 for dial up, isdn and web site hosting on deao.com
woull: IS IT TRUE THAT THE SHARES AUTHORIZED IS 1,750,000,000?
finkel: woull zip it
ameritrader01: what is the company's statement concerning merger plans with NHL? Thank you.
John_Schmitz_2: SkiTrade: there was some regulatory issues as to the way OTC orders were fulfilled. We are working on the issues.
Briar: There has been a great deal of bashing on the RB board do you have any plans to "go after" these bashers who post misinformation?
MRBIG: will you retire shares releasedrecently
Skitrade: ok, thanks
pookie: I believe that PABN believes that synergy of parts give greater valuation than just having insider trading. Is this so. Maybe spinoff in future?
*** Quits: rett (Connection reset by peer )
usa: john, thank you for meeting with us, can you give an indication about going public on nas/dow
John_Schmitz: woull: re: shares, we're going to get to your question in a second
BillB: Wait for answers to current questions
woull: THANK YOU
BillB: If you don't wait we will begin moderating
labrador: Is Ken Christian going to become the permanent CFO?
BillB: labrador
Starshine: how can you graduate to NASDAQ without a reverse split?there are too many shares
HevyTrader: 3 John, how do you feel the seminar are going?
sarazen: that's great....moderate!
John_Schmitz: all issues on floats and outstanding shares will be addressed in the next month in the upcoming registrations
pookie: If Dr. Koop can be worth so much, I believe that PABN should have greater future
John_Schmitz_2: Labrador: Yes, Ken Christian is going to become the permanent CFO
BillB: Hevy
John_Schmitz: pookie: we do, too
NoAnchovies: Congrats Ken!
Rey: John touch your forhead to prove you are online
Dark_Free: .
MRBIG: YES to christian
buddy: 6how is belize building/selling doing and where is the nursing home acquired in the spring?
Rey: thanks
BillB: Rey, you touch yours to prove you are
BBB1818: lol
Rey: i did
shazzam: how about a little respect for the managers, and us shareholders - can't we all just wait for an answer before we ask another question.
BillB: buddy
ameritrader01: what comment do you haveconcerning merger talks with NHLT?
Get: Why wont the Outstanding share questions be addressed here, Is it that embarassing?
John_Schmitz: buddy: i just got back from belize; we are going to be closing our first loans with 90 days
usa: john how do you manage to do so many things, you must be exhausted. where do you see the stock going in the next year
FiNnZ_34: rey please refrain from riddiculous time wasting questions
buddy: kuel
BBB1818: regarding I-T, u charge for yr software where other daytrading classes do not, eg. ATTAIN, can u tell us why?
pookie: John, I have worked on wall street when i first left college and your company is probably the best chance to make a fortune if people have patience and
discipline.
BillB: ONCE again, slow down and wait for current answers
John_Schmitz: buddy: i don't know what you're talking about with the nursing homes
walker: How many states in IT licensed in?
max3131: What major corporation have incorporated advertisement in DEAO.COM?
JohnC: How will you recive your income from DigiBill?? % of monies collected
John_Schmitz: BBB1818: the IT seminars are free; classes are for fee
HevyTrader: 3 people one question at a time, please don't ask the same questions 50 times...we will get nothing accomplished, there are 275 people here
usa: john do you have a word for your bashers
pookie: Now is the time to get in before Nasdaq listing, and future coverage by cnnfn
batson: HeVy, John, and Bill- PLEASE CONTROL THIS- POSSIBLE??
gwiz: hand up waiting to be recognized
John_Schmitz: walker: IT is licensed in 24 states and growing...
BBB1818: yes john, but when i called, yr company said that there was a fee for the software
MikeU: MikeU: When is Deao.com going to be a national ISP? I will support and join as soon as it is available in CA
John_Schmitz: gwiz: ???
nemo: 4EARNINGS RELEASE DATE PLS
sarazen: all this machine-gunning is bashing too and costly
BBB1818: was i misinformed?
BigBuddah: Are the divisions progressing as anticipated? i.e. growth/acceptance in marketplaces?
BillB: We WILL begin moderation if answers are not waited for
nemo: 4REPORTING DATE PLEASE
arbi: moderate...
John_Schmitz_2: Get: No, it's a little too complicated to get into in this forum. They will be addressed in detail in the near future.
finkel: please moderate
ron: moderate
walker: When will financial be released?
gwiz: DO you feel your company is undervalued in any way?
BillB: bigBuddah
alzip63: John, any thoughts of a share lockdown by officers?
FiNnZ_34: what is the forseeable time frame for IT to be licensed in all 50 states?
John_Schmitz: BBB1818: there is a fee for the software; level II is not free. this will be clearly addressed on the New IT web site
dirtroad: Bill, please moderate. This is frustrating.
Oaktree: Please advise when financials will be released
pookie: Your company is perfect candidate for a microsoft takeover in future.
PCModem: "All things in moderation" sounds good to me
Lobman: Will the IT website become a service comparable to E*Trade? (but better)
John_Schmitz: walker: financials: early next week |
