Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: Observer who wrote (42294)	12/8/1999 11:44:00 PM
From: jhild	Read Replies (2) \| Respond to of 43774

I understand that the SEC automatic search routines scan the message boards for the word "rumor" among other things. Dear SEC don't miss this one: RUMOR rumor RUMOR rumor RUMOR rumor RUMOR rumor RUMOR rumor RUMOR rumor RUMOR rumor RUMOR rumor RUMOR rumor RUMOR rumor RUMOR rumor RUMOR rumor RUMOR rumor RUMOR rumor RUMOR rumor Only it is not a rumor. Dear SEC look in NASD enforcement records for November of 1995. You should find this item there: NASD DISCIPLINARY ACTIONS - NOVEMBER 1995 Alleged Offense(s): THE SANCTIONS WERE BASED ON FINDINGS THAT JOHN A. SCHMITZ RECOMMENDED AN INVESTMENT TO A PUBLIC CUSTOMER WITHOUT HAVING A REASONABLE BASIS TO BELIEVE THAT THE INVESTMENT WAS NEITHER CONSISTENT WITH THE CUSTOMER'S INVESTMENT OBJECTIVES NOR SUITABLE FOR HER BASED ON HER FINANCIAL NEED. IN ADDITION, SCHMITZ MISAPPROPRIATED $20,739.72 RECEIVED FROM A PUBLIC CUSTOMER INTENDED FOR INVESTMENT PURPOSES BY DEPOSITING THE FUNDS IN AN ACCOUNT BELONGING TO HIS WIFE. SCHMITZ ALSO PARTICIPATED IN A PRIVATE SECURITIES TRANSACTION WITHOUT PROVIDING PREVIOUS WRITTEN NOTICE TO HIS MEMBER FIRM AND WITHOUT RECEIVING PREVIOUS WRITTEN APPROVAL OF HIS PARTICIPATION IN THE TRANSACTIONS. DISPOSITION: JOHN A. SCHMITZ WAS FINED $100,000, BARRED FROM ASSOCIATION WITH ANY NASD MEMBER IN ANY CAPACITY, AND ORDERED TO PAY $20,739.72 IN RESTITUTION. That was in November 1995. Fast forward now to December 1998: geocities.com Who are these guys you might ask? Well on the left is smiling Charles Vaccaro, CRD# 2796589. On the right, well . . . why isn't that John Schmitz? Why look they are both smiling. In fact they are laughing. Does this look like John Schmitz NOT associating with Charles Vaccaro, CRD# 2796589? Hmmmm? Need more evidence that is not rumor? Well look right in your own files under PABN (or would that be PRWT?). The March 23, 1999 filing of their Form D: geocities.com Why isn't that John Schmitz and Charles Vaccaro CRD#2796589 listed as Directors of PABN (aka PRWT)? Tell me, is that John Schmitz NOT associating with Charles Vaccaro CRD# 2796589 yet again? Hmmmmm? And look here: geocities.com Why isn't that John Schmitz's signature? Dear SEC, you have the originals of this evidence in your possession already. It is not a rumor Rumor RUMOR rumour Rumour RUMOUR after all then is it?