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

To: Chris O'Keefe who wrote (179)	6/1/1998 3:35:00 PM
From: Chris O'Keefe	Read Replies (4) \| Respond to of 43774

I just talked to IR, a man named "Gus" (said that that was all I needed to know at this time). The total number of shares is NOT 75M, as previously posted, but 750M. That's right 750,000,000 shares. Of those, 22% are in the public's hands, so the float is 165,000,000 shares. I asked Gus, "Isn't that a lot of dilution?" He said no, no for a penny stock. He said the share price was once .25 cents/share with the same number of shares outstanding. I asked "Is there a web page to get more info on PanAmerican BanCorp?" Answer: "I'm not certain, but I would recommend it." I asked, "What are the earnings for PanAmerican BanCorp?" Answer: "I don't know that yet." (Gus is more of a PRWT expert, not a PanAmerican BanCorp expert). Would someone smarter than me please call Gus. I've been investing for less than a year and don't know if I asked all the right questions, or followed-up on his answers as well as I should. He is excited about the stock and while he didn't say so directly, my opinion is that he thinks the share price is going higher in price. But I don't know. Isn't a float of 165M shares too much? --Chris