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

To: Scottoo who wrote (39531)	7/11/1999 8:46:00 PM
From: PCModem	Read Replies (2) \| Respond to of 43774

"An ochestraded run-up?How did you know that? Sold? Were there not restrictions against sale? But, hell, what do I know about DD, right?" When the first big lie fails, a second, bigger lie has to replace it to get everyone's minds off the first big lie. The shares in the PPM are restricted. I just finished reviewing the discussion here...ww's posts to barb are particularly uninformative, since he does not know what he is talking about. Being much more careful than the local liars, he qualifies everything he has to say on the subject. At least he is not as stupid as they are. If anyone is interested, if they go to the trouble of reading the PPM, they will see that the shares are bought with a view to investment and not resale, the shares are unregistered, and are sold by the company to accredited investors based on an exemption from registration, which is why they are restricted. (In answer to Barb's question to ww about filing 144 paperwork when the shares are sold:) They can be sold after a year, with 144 paperwork PLUS a legal opinion from the company's securities attorney, PLUS approval from the company, PLUS they have to be sold in a broker transaction on the open market, within a short time period. Without the above items, they can be sold ONLY after two years. Anyone who tells you differently is not telling you the truth. The reason I know about this is because I had shares in just such a situation, as have several of my clients...NOTHING beats personal experience, not even big lies from big liars. PCM GO PABN!!!

To: Scottoo who wrote (39531)	7/11/1999 8:53:00 PM
From: jhild	Read Replies (1) \| Respond to of 43774

Were there not restrictions against sale? No there are no specific restrictions against sale contrary to what your resident Jabba the Hutt says. To be specific in the Purchase Agreement: (l) None of the following information has ever been represented, guaranteed or warranted to either the undersigned or the Investor Representative, expressly or by implication by any broker, the Company or agent or employee of the foregoing, or by any other person; (1) The approximate or exact length of time the undersigned will be required to remain as a Shareholder in the Company; geocities.com While the shares may have been unregistered, they could easily have been shorted against at $.20, and they could cover their short with the registration in the very same upcoming SB-2 filing mentioned by John Schmitz at the on line forum June 29th.