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


To: Siber who wrote (41265)9/30/1999 10:22:00 AM
From: jhild  Respond to of 43774
 
You really are hung up on this name issue aren't you? Get used to it.

I for one will continue to call it PABN/PRWT. So if you want to follow along in your primer here, let's go over it yet again.

First there has been confusion in the past that PABN was somehow related to SABB after their merger with the company that previously owned the symbol. That PABN no longer exists, as it is a part of SABB.

Second, this is not a company that just started last March when the symbol change took effect. (I suspect that many of you hypeing the stock would like to forget about the press releases and maneuvers from 1998, but that would be misleading through omission of important facts. I know how you appreciate precision.)

Third, this is a company that was previously Purewater Scientific Corporation, that traded under the symbol PRWT. I know you wouldn't want people to miss the price action of the stock from June of 1998 when this management took over.

Hence, as much as you may want to hide the company's past as Purewater, I think it entirely fair to continue to refer to it as PABN/PRWT.

As it was in the beginning, is now, and ever shall be, world without end. Amen.



To: Siber who wrote (41265)9/30/1999 12:05:00 PM
From: PatP  Read Replies (4) | Respond to of 43774
 
PRWT = Pure Water something or other, that doesn't exist.

In view of the following document, I think PABN/PRWT is a more accurate description of the relationship, or maybe it should be PRWT/PABN... Or maybe someone at PanAmerican Bancorp is confused. Go figure.

Copyright 1999 Thomson Information Services Inc.
Securities Data Company Worldwide Mergers & Acquisitions

TARGET-COMPANY: Teachdaq
ACQUIRER-COMPANY: PanAmerican BanCorp

ANNOUNCE-DATE: July 22, 1999
EFFECTIVE-DATE: July 22, 1999
FIRST-OFFER-DATE: July 22, 1999
LAST-UPDATE: July 23, 1999

DEAL NO: 906591020

Comprehensive Transaction Report


TARGET

NAME: Teachdaq
TICKER: -
PUBLIC STATUS: Private
ADDRESS: Po Box 872
Lynbrook New York 11563
United States
BUSINESS: Vocational schools, nec
SIC CODE: 8249
ULTIMATE PARENT: Teachdaq
ULTIMATE PARENT NATION CODE: US
ULTIMATE PARENT BUSINESS: Vocational schools, nec
ULTIMATE PARENT SIC CODE: 8249


ACQUIRER

NAME: PanAmerican BanCorp
TICKER: -
PUBLIC STATUS: Subsidiary
ADDRESS: Unknown
United States
BUSINESS: Mortgage bankers and loan correspondents
SIC CODE: 6162
ULTIMATE PARENT: Purewater Sciences Intl Inc
ULTIMATE PARENT NATION CODE: US
ULTIMATE PARENT BUSINESS: Business services, nec
ULTIMATE PARENT SIC CODE: 7389


TRANSACTION

ACQUISITION TECHNIQUE: Not Applicable
ATTITUDE: Friendly
DEFENSIVE TACTICS: Not Applicable
FORM: Acq. of Assets
STATUS: Completed
TRANSACTION VALUE(mil): -
RANK VALUE(mil): -
MANAGEMENT PARTICIPATION: No
EMPLOYEE PARTICIPATION: No
EMPLOYEE STOCK OWNERSHIP: No
INVESTOR GROUP: No
INVESTOR NAME: -
INVESTOR COUNTRY: -
LOCKUP DESCRIPTION: -
TRANSACTION SYNOPSIS: PanAmerican BanCorp, a unit of
Purewater Sciences International
Inc, acquired Teachdaq.

ENTERPRISE VALUE(mil): not provided
SHARE PRICE: -
ENT. VALUE BASED ON EFFECTIVE DATE(mil): not provided

ENT. VALUE/TOTAL CASH FLOW: not provided
ENT. VALUE/TOTAL OPERATING INCOME: not provided
ENT. VALUE/NET INCOME: not provided
ENT. VALUE/TOTAL NET SALES: not provided
ENT. VALUE/NET ASSETS: not meaningful