SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : PanAmerican BanCorp (PABN) -- Ignore unavailable to you. Want to Upgrade?


To: Valkyrie who wrote (40654)8/25/1999 2:30:00 PM
From: jhild  Read Replies (1) | Respond to of 43774
 
Affordable Housing will show a modest profit in 1999. We estimate revenues of approximately $150 thousand against expenses of just over $70 thousand. My focus during the next few months will be on Affordable Housing and the development of our plan to originate mortgage backed securities in Belize and Argentina. Our preliminary studies show that both of these countries have the potential to generate enough high yield guaranteed mortgages, that fund brokers in the U.S. will be interested in establishing a secondary market for their investors.
panambancorp.com

Back in June Johnny was saying 1 Million a month:
John_Schmitz_2: msturgeo: We will do approximately $1 million a month in Belize . . .#reply-10322196

Credibility is so important in today's world. Oh and look there are those GUARANTEED MORTGAGES making their yearly appearance.

No wonder he doesn't want to have these MTM meetings any more. He might have to answer real questions and be held accountable for the inconsistencies he put forward.



To: Valkyrie who wrote (40654)8/25/1999 5:04:00 PM
From: PCModem  Respond to of 43774
 
Hey Valk, did you see this?

quote.bloomberg.com

Total Renal Sues Internet Users, Alleges Misleading Postings

Total Renal Sues Internet Users, Alleges Misleading Postings
Torrance, California, Aug. 24 (Bloomberg) -- Total Renal Care Holdings Inc., the world's second-largest dialysis services provider, sued four anonymous Internet users, joining a growing number of companies trying to combat misinformation on the Web.

Total Renal and its former chairman and chief executive, Victor M.G. Chaltiel, filed the lawsuit in a California state court in Los Angeles asking for a retraction and public apology from the defendants. The Torrance, California-based company alleges the four, known only by Internet pseudonyms, placed false and misleading information about the company on a Yahoo! Inc. message board.

Total Renal joins other companies that are suing to stop the posting of misleading information on boards maintained by Yahoo and on Go2Net Inc.'s Silicon Investor Web site. Total Renal's shares have fallen 71 percent this year and in recent months the company has become a favorite for short-sellers, or investors who try to profit from a decline in a stock price.

The lawsuit alleges defendants INSIDER_EYE, ALLWHIP, BAYNEPHRON13847 and MD1493 posted false or defamatory messages for the purpose of manipulating the stock. It cited examples of INSIDER_EYE writing ``I want to buy back in but I feel there is something fishy. Cooking the Books, Over billing. And to think the least of there (sic) problems is the SEC issue.'

Other postings made reference to executives leaving the company and to ``expect more to follow.' The lawsuit also alleges the postings libeled Chaltiel, who earlier this month resigned from the company.

The lawsuit seeks to uncover the identities of the defendants and obtain apologies and unspecified damages.

Short sellers attempt to profit by borrowing shares from an investor who is holding the stock for the long term. The shares are then sold and theoretically bought back at a lower price to return to the long-term investor.

Companies that have sued anonymous Internet users include M.H. Meyerson & Co., Xircom Inc., Carnegie International and Stone & Webster Inc.

Total Renal's shares fell 3/16 to 8 1/2. [emphasis added]

WOW! I bet j is gonna be famous any day now! What he has said about this company makes the stuff in that article look quite tame. My oh my oh my!

PCM

edit: looks like j wants to get in on the act: #reply-11065764