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


To: PatP who wrote (43106)2/16/2000 10:20:00 PM
From: ISOMAN  Read Replies (1) | Respond to of 43774
 
A journalist must tell the truth about life as it is;
if he or she intervenes, then "truth" is altered. Ever afterward, what that person writes could be suspect.


well....

that eliminates one poster then.

Come to think of it, I believe you have hit the message board problem on the head...

How does anyone know if a poster is just reporting the story, or is in fact part of the story..

The answer is, you don't...

Difficult to put stock (no pun intended) into anything mentioned on msg boards..

Best to read, then check the claims yourself, then decide on your interpretations..



To: PatP who wrote (43106)2/17/2000 5:04:00 PM
From: jhild  Read Replies (1) | Respond to of 43774
 
Here is a chuckle. Not exactly going to win any awards for journalism, but it may have a shot in the category of fictional history. My comments are added in brackets.:

MariaMoney :)))
Why are you so negative about the stock?
RMC: A deal that was considered before a brighter option regarding the creation of a future relationship with Firstates came along.
[Hahahahahahaha. Good one. FirstStates, the company that is still intending to file that application nearly a year after they announced they were preparing it. A brighter option? Hahahaahaha. ] PABN felt that licensing in all the states for RMC would be too time consuming and instead appears to have redirected energies to an online thrift venture with Firststates. [But filling out that application takes nearly a year? And that is easier? Hahahahahaha.] You can't always get what you want, so you move on to something better. [Hahahahahahaha. Or how about the last thing you announced isn't working, so announce something completely new?]

Here, PABN thought they could take RMC somewhere 'til they realized it was not efficent enough.
[So taking a year just to fill out an application IS efficient? Hahahahahahaha.] Atleast that's my take. IMHO.

Video Phones: To me it looks like they never really tried to push this concept as a money maker to us shareholders. With the rise of netcams via the internet it seemed that the Videophone concept would whimper in the shadows thereof. Many companies now sport web phones or net phones...including the previously spammed Talk Visual on RB. It is always a problem when a technological advancement becomes so ubiquitous that it speeds ahead of a company's ability to gain market share of the technology. Happens al the time. It is more of a "fact of life" than a mistake of PABN's.
[Hahahahahahaha. Technology advances so an inability to execute is not their fault? Have you read those comments about what a genius John Schmitz is? Yet they never deployed any.]

Belize: The original plan of the company. It is regrettable that the original press release back in June 1998 was so Gung-ho and forward-looking as to not give a more realistic picture of the time frame involved or the situation as it really is at the time being with Belize.
[Lordy, I'm glad I'm not eating cookies with milk. They were talking about 1800 houses beginning in 1998. They were still working on the first two in 1999. They should have given a more realistic picture? Hahahahahahahaha. What was I saying about that deal two years ago? Who was calling me names then?] I can imagine though a decision about what to disclose about Belize back in 1998 when the PABN first reversed merged into PRWT. In order to raise interest in PABN, a press release HAD to be issued. If it had stated that the Belize project would take several years to reach fruition, I doubt that many investors would have bought in.
That's marketing I guess.
[Hahahahahahaha. That's marketing? How about let's call it DECEPTION?]

Where's Belize project today? I honestly don't know.
I assume they are still trying to build the Ridge Lagoon Estates. PABN seems to have kept the whole AffordableHousinggroup thing quiet lately. I can not confirm that PABN is still even IN Belize, even though building may be going on. Just because there is housing construction there as desired by the Belizean govt.
[Note the Belizean Government has twice repudiated any guarantee of loans announced by PABN/PRWET. Hahahahahahaha.], doesn't mean PABN still has any involvement. We know of WHERE PABN is said to have a stake in, thru affordablehousing, in Belize, but HOW can I confirm that PABN is still involved.[CALL THE COMPANY. Hahahahahahaha.] Just by going down to Ridge Lagoon and seeing the construction of houses is not enough proof that PABN is mortgaging the properties. I am waiting for the Form 10s for that, or a new pro-forma. [Hahahahahahaha. He's still waiting? Hahahahaha. Aren't we all. FOR NEARLY TWO YEARS. Hahahaha. Maybe I should re-post that Chronicle of EVASION?]

If we find that PABN is still in Belize (after 2 years),
then I have confidence in the company for sticking with the original plan.

By the way, what is this internet set-up PABN has.
Looks like a functional thing I can use, right?
[Hahahahahahaha. Like a yo-yo. Up & down, up & down. And what happened to all their press releases and old proformas? Gone. ]
ragingbull.com



To: PatP who wrote (43106)2/21/2000 7:35:00 AM
From: ColleenB  Respond to of 43774
 
It would appear that debarred brokers often reappear in the industry...

Four former Stratton Oakmont Inc. brokers, three of whom were previously barred from the securities industry, were charged yesterday with a multimillion-dollar stock fraud. Vincent Napolitano, Irving Stitsky, Jordan Shamah and Robert Kessler were ar ...
August 19, 1999, Thursday
Business/Financial Desk , 178 words

and it would appear that LI is quite the place of choice...

Beaches, Billy Joel and, Oddly, Swindles; The Island Has Become Home to Stock Scams, But R
By LESLIE EATON
IN the rest of the country, Long Island tends to have a rather mixed image, concocted from television clips of beautiful beaches, Billy Joel and epic traffic tie-ups on the Long Island Expressway. But nothing has tarnished that image, in the minds of ...
April 18, 1999, Sunday
Long Island Weekly Desk , 1889 words

Four Are Acquitted In Stock-Fraud Case
Four former executives with the defunct brokerage firm of Monroe Parker Securities Inc. were acquitted today of charges that they cheated investors of $74 million, after a trial in which the firm's owner testified against them. Jurors sitting in West ...
January 13, 2000, Thursday
Business/Financial Desk , 241 words

Metro Business; 4 Brokers Acquitted Of Investment Fraud
Four members of a Westchester County securities firm were acquitted yesterday of stealing tens of millions of dollars from investors in a fraudulent telephone sales scheme. The acquittals, in State Supreme Court in White Plains, came in a case agains ...
January 13, 2000, Thursday
Metropolitan Desk , 258 words

archives.nytimes.com

I was really looking for this article...
ragingbull.com
I was interested because this article lists these brokers as having been employed at Stratton Oakmont prior to their troubles at Monroe Parker.