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


To: ISOMAN who wrote (41248)9/30/1999 6:41:00 AM
From: ColleenB  Respond to of 43774
 
simple...I couldn't find proof of a scam...so...

Oh, I understand, CLVEE is a scam because of their having a debenture. The O/S went from 12Million to the current 26Million and this is a SCAM?

However on the other hand we have a company that has gone from 540Million O/S to 1.2Billion in less than a year AND issued 100Million NONrestricted shares to two individuals for 1cent each.

WE ALSO HAVE have a company that claimed this,

NEW YORK--(BUSINESS WIRE)--June 11, 1998--Purewater Sciences International Inc. announced the completion of the merger with PanAmerican BanCorp, an international mortgage and finance company. #reply-5499135

and this...
NEW YORK--(BUSINESS WIRE)--June 24, 1998--PanAmerican BanCorp/Purewater (NASDAQ: OTC:PRWT) announced today the acquisition of Access Wall Street, a firm that provides state-of-the-art securities trading for investors. #reply-5499179

just exactly what did Access Wall Street bring to PABN/PRWT? Were they ever in business operating?

and this....
NEW YORK--(BUSINESS WIRE)--July 8, 1998--PanAmerican BanCorp (PRWT), which recently merged with Purewater Sciences International Inc., has announced that the first mortgage applications have been received from Belize.

Its wholly owned subsidiary, Affordable Housing Group Ltd., is the first foreign company to be licensed to conduct mortgage banking in the country of Belize.

The first 800 of some 6,000 mortgage applications from Belize citizens are being processed. The first closings are expected in late August or early September. Most borrowers are government workers or other civil servants and employees of large Belize companies. The home foundations have been laid out and the models will be completed as scheduled;
#reply-5499340

how about this one?...
NEW YORK--(BUSINESS WIRE)--July 28, 1998--PanAmerican BanCorp/Purewater (PRWT - NASDAQ) has acquired 100% of Realty Money Center for stock and other considerations. #reply-5499425

and this......
NEW ORLEANS, La.--(BUSINESS WIRE)--Aug. 14, 1998--National Rehab Properties Inc. (OTC BB:NRPI) Friday announced that it has received a $2.5 million loan commitment from Realty Money Center, Las Vegas, for the purchase and rehabilitation of homes. #reply-5500145

or how about this one......
HAUPPAUGE, N.Y.--(BUSINESS WIRE)--Dec. 7, 1998--PanAmerican BanCorp (NASDAQ BB - "PRWT") announced today that its wholly-owned subsidiary, PanAmerican Healthcorp, entered into a letter of intent with National Health & Safety (NASDAQ BB - "NHLT") to commence a national healthcare services joint venture. #reply-9741893

We later learn that they "rented" the usage of this claim for one month. Let's also not forget how PABN/PRWT was to loan NHLT $6.5Million dollars.

As for PABN...they are at the very least doing something like they say they are. They may not be doing it successfully, they may not even be able to survive....
that doesn't mean that they are automatically a scam..I mean, you know the addresses involved...who the TA is, where it is incorporated...


phew, I'm sure everybody can rest because we all know how to contact the TA who always gives numbers that Johnny disagrees with. Nothing automatic, iso...... this has been quite drawn out.



To: ISOMAN who wrote (41248)9/30/1999 6:43:00 AM
From: ColleenB  Read Replies (3) | Respond to of 43774
 
simple...I couldn't find proof of a scam...so...

let's not forget this......

BELMOPAN, 16 July, 1998. -(BIS)- It has come to the notice of the Ministry of Home Affairs and Housing that a certain foreign company by the name of `PAN AMERICAN BAN CORPORATION' is advertising on the internet that it is in the process of conducting mortgage banking in Belize through its wholly-owned subsidiary "Affordable Housing Group Ltd".

A press release from the company further states that it has already received some six thousand mortgage applications from Belizean citizens and that the Government of Belize has guaranteed these mortgages.

The Ministry of Home Affairs and Housing wishes to inform the public that the Government of Belize is in no way associated with this company nor has it given the company any mortgage guarantees. While the Government of Belize welcomes foreign investment, it will give its official approval to an investment project only after it has satisfied itself of the viability and genuineness of the project.

The Ministry is not aware of any mortgage applications being processed by this company nor of any licence having been issued to the company by the Central Bank of Belize to conduct mortgage banking.

Members of the public are therefore advised to exercise due prudence and diligence before making any investment with this company.

#reply-5503250