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

To: PatP who wrote (43657)	9/8/2000 7:51:51 PM
From: ColleenB	Respond to of 43774

Defendants contend $15,000 was total payment and that there was never a guarantee of $2. per share for 2 million PABN free-trading shares. Think there's any judge alive who would believe that a public corporation would be turned over for such a pitiful amount of money? For payment of storage fees?

To: PatP who wrote (43657)	9/8/2000 7:55:51 PM
From: ColleenB	Respond to of 43774

I think I'll find ww's post where he discusses the possible legal problems with this RM and assessing the value of each entity to make the one for one exchange viable.

To: PatP who wrote (43657)	9/9/2000 3:55:52 PM
From: ColleenB	Respond to of 43774

According to the complaint, Schmitz represented the stock would reach a market value of two dollars ($2.00) per share before the summer of 1998, and that Matrix would receive two million (2,000,000) free-trading shares of the new, or surviving company (PABN), guaranteed at the $2.00 market price. hmmmmmm, I wonder what promises Johnny made to Warren David Williams. There were whispers that David was not happy and that the deal was never completed as Johnny wasn't living up to his end of the bargain. I bet he'd be a great supoenna'd guest for the plaintiffs. I think I see a pattern.