To: Observer who wrote (40722 ) 8/31/1999 6:17:00 PM From: jhild Read Replies (1) | Respond to
Why Emil look here, I bet you read this over on the Bull:Financials: Whatever they are, need to be release at some point. The only number many are interested is possibly the amount of cash available to effect the bold plans of PABN. This would be before they completely lose all credibility for their year plus of stalling and evading the disclose of financials and their filing a Form 10 with the SEC? It seems that they never really have to file and may possibly just continue trading this thing on the pinks come this time next year. Of course there will be a good excuse, (or should I just say usual excuse?). The 2 million requirement is really only for deposits under management. Whoever they sold that 100 Million shares should be able to pony that up out of the cash they can make by selling less than half their current holding. (And the money is still theirs, don't you know?) The real adventure here is the financials. Not only that they never need actually file this application. They can just keep looking like they are with more excuses. (A common theme for these boys.) Except that we should note here that John mentioned in the last Meet the Management, which turned into a from the Desk of event, that they were having problems meeting their bill turnarounds and that the FirstStates people were going to make this more efficient. (While they are filing for the thrift.) This is good, but between this and the move to Norriston, PA. "Digibill" may not roll out until late in the year or early next year. Though why revamping the back office billing by FirstStates, affects the development of DigiBill, by Tonked, is rather puzzling leap of logic. I do feel Healthcorp has a lot of potential in many arena's, just depends on what resources management uses to expand in those areas. (Note DigiBill is only being marketed by PABN/PRWT. Is this in fact another one of those NHLT deals where the "rented" the marketing rights while it was under development? Time will tell if they ever report their financial condition in any accountable way, like to the SEC with a Form 10. Their efforts to franchise something that is not yet making money (if their pro forma is to be believed) in an industry that is highly competitive, against companies that actually make money and have managements that can follow through on announcements with real results. Revenues? What revenues? No reporting of what they generate in revenue. No reporting of how many shares were given in Exchange. No discussion of Limbaldi Holdings either and who they are. May be a package deal with Insider Trading. A definite asset and a credit to management for this acquisition. Not sure where it goes from here. Well not sure where it's going are we? Just watch the number of shares outstanding. Look at the number of shares authorized. That should give one a good idea of where they are going. Pushed to the wayside until their two housing unit development in Belize is what? Completed? Sold? Management says they are refocusing on this area. Another wait and see. (Never mind the 1.1 billion outstanding shares and their record of accomplishment.) but you know as well as I do a lot must happen. In my opinion management is working hard to make a strong company. I too, have been disappointed in lack of information and the validity of some. There are many impatient, "get rich quick investors" in penny stocks. PABN needs a strong, committed base of shareholders to do well in the long run. I think they will do just that. Hype is just hype, too. ragingbull.com
