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


To: ISOMAN who wrote (40212)8/3/1999 8:14:00 PM
From: jhild  Read Replies (1) | Respond to of 43774
 
I'm sure everyone remembers this post of Barbara's from the Raging Bull.:
Just got off the phone with John. . . .
Insider Trading: they are expanding the office at Garden City. They are trying to rent the floor right above them. They have 12 more trading terminals ordered . Said they have been having to turn people away at the door.

ragingbull.com

Even though there was an eyewitness account from just the very day before her conversation:
I went to the Insider Trading Office. Last Tuesday I went to the Insider Trading office on Old Country RD in New York. Big office, about 12 guys trading, room for expansion. All positions had 21 inch moniters, and the quote program looked terrific.
ragingbull.com

But this disclosure disease still flourishes at PABN/PRWT. Why the story changes over the course of just 3 minutes at their Meet the Management Meeting:

[13:57] [strongbuy]: - Mr. Vaccaro, are there 16 or 32 stations set up at IT?
[14:19] [Charles_Vaccaro]: There are 32 stations in Garden City, 20 in Boca Raton, with expansion capability to 34

[14:25] [wegrew]: and how many people is that
There are on average 25 traders per day in Garden City.


[14:28] [jrmagco]: How many peole using I.T. on average every day?
Both the Garden City, NY and the Boca Raton, FL offices average 20 traders per day.
panambancorp.com

This is DUE DISCLOSURE PABN/PRWT style.
I guess demand for stations has fallen off in Garden City since January. If they are only averaging 20 terminals (down from their turning-people-away status), I guess that expansion space upstairs won't be necessary after all. But Boca only has 20 terminals, yet they average 20 a day. Or are they averaging 25?

Here's a picture of the setup in Boca in March:
geocities.com:80/WallStreet/Market/3062/Boca/boca3.JPG