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


To: ColleenB who wrote (39121)6/29/1999 7:47:00 PM
From: jhild  Respond to of 43774
 
The Words of Chairman John:
Taken from the on-line "Meet the Management Meeting" 6/29/99

John_Schmitz: finkel: the PABN float will be covered in detail in the registration in two weeks

John_Schmitz: Hevy: financials will be proforma, historical will cover one year we've been in biz: july 98-june 99

John_Schmitz: fianancials will cover ALL the subsids and will be comprehensive

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.

John_Schmitz: woull: re: shares, we're going to get to your question in a second

John_Schmitz: all issues on floats and outstanding shares will be addressed in the next month in the upcoming registrations

John_Schmitz_2: Labrador: Yes, Ken Christian is going to become the permanent
CFO

John_Schmitz: walker: IT is licensed in 24 states and growing...

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

John_Schmitz: walker: financials: early next week

John_Schmitz: Hevy: DIGIBILL questions should be addressed to Healthwyz; we're only responsible for markting in north and south america

John_Schmitz: Private placement shares: it was a pre-arranged private placement with two investors. it was registred for 100,000,000 shares but i dont think they all went out

John_Schmitz: RAMBull: regarding the bashers: we dont comment on the rumors, however we encourage self-policing of the BBS

John_Schmitz_2: Hevy: It is not a First State Thrift, It's a PABN thrift. We are well underway in the process. The next step is the preliminary meeting will be in July with OTS.

John_Schmitz: Finkel: with so many shares outstanding, i can't speculate on how things will move. PABN is a diversified company with mulitple divisions what will generate signifiant revenue and share value even at our current flot

John_Schmitz: finkle: re: so many outstanding shares: there were 750,000,000 shares authorized and outstanding when we took PRWT over

John_Schmitz: finkle: its not that we decided to issue so many shares....

John_Schmitz_2: NOAnchovies: The market is so vast that there are many niches to fulfill. We feel our franchise scheme is unique.

John_Schmitz: finkel: something will have to be done to shrink the float- we will address those issues of share price and value that will benefit shareholders and the company

John_Schmitz: PC Modem: shareholder meeting will be in september; date and location will be announced; it will be announced on our web site and probably with a press release

John_Schmitz: Deao is indeed on schedule!!!! FUll steam ahead

John_Schmitz: we are one of the sponsors of the Hamlet Cup

John_Schmitz_2: Bababooey [How many trades are we averaging with IT?] : Specific questions about IT can be answered by Charlie in an upcoming Meet the Management this summer.

John_Schmitz: msturgeo: Affordable Housing : we expect to close our first loans in 90 days

John_Schmitz: Affordable Housing will continue to be supported

John_Schmitz_2: HevyTrader: We have reengineered the company to provide the financial services through the Internet through our thrift and utilizing all our technology, i.e, Deao...

John_Schmitz_2: msturgeo: We will do approximately $1 million a month in Belize and Argentina is not under Affordable Housing.

John_Schmitz_2: Ron: We have a diversified staff with synergistic businesses supported by similiar Internet based technologies.

John_Schmitz_2: FiNnZ 34: We'll be rolling out DigiBill in the 4th Q of '99, and there is over 1 million health care providers and facilities that can utilize DigiBill.

John_Schmitz: ron: if you're wealthy, wll you remember us?

John_Schmitz: alzip63: officers, directors and affiliated persons are restricted from selling shares

John_Schmitz_2: Yes there is a suite of supporing applications planned to use with DigiBill. I anticipate working with various projects for PABN (Larry)

John_Schmitz: Queenie: there are approx 31 employees and will be hiring more as needed. looking for a job?

John_Schmitz_2: walker: we are not able to comment on any discussions that we may have had with Microsoft at this point.

John_Schmitz: shazzam: online trading will not be through deao; deao is entirely differnet

John_Schmitz: RAMBull: you can currently trade from home right now- contact IT directly for the info and to open an account-we'll post the phone number on the web site

John_Schmitz_2: ichabod: we hope to commsumate business in Argentina in the Fall.

Taken from the full transcripts found at:
Message 10322069
Message 10322167
Message 10322196
Message 10322248