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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme -- Ignore unavailable to you. Want to Upgrade?

To: Rock_nj who wrote (4101)	6/11/1998 11:37:00 PM
From: TokyoMex	Read Replies (5) \| Respond to of 8798

Looking at the news tells me,, common sense wise.. Where did Pure Water Science get an idea to go in to mortgage business.. Belize per capia of USD 200 per annum ,, the median homes are $11,000 ,, what kind of money will they make,, I know that interest rates are exhorbitant and there is a strict foreign currency repatriation policy ,, further , they will be competing with national banks,, Further I hate it when OTC especially pink sheet claimes to be a Nasdaq stock ,, why bother Rock ,, I like your web site better ,, ;-) idt.net Purewater/PanAmerican Bancorp to Begin Funding Mortgages in Central America in Late Summer NEW YORK--(BUSINESS WIRE)--June 11, 1998--Purewater Sciences International Inc. announced the completion of the merger with PanAmerican BanCorp, an international mortgage and finance company. PanAmerican/Purewater (NASDAQ: PRWT) announced the start of their first major subdivision in Belize. The slab foundations are being poured this month and model homes will be ready for the September inauguration. During the month of September, Belizeans celebrate their independence. PanAmerican has chosen then to start taking the first applications for mortgages. The company has over 300 qualified, interested people looking to buy homes in Belize. This first subdivision will total some 1800 homes with Phase I covering approximately 500 homes. The pass-thru certificates totaling $10 million being issued to fund these loans have already been placed in the secondary market, subject to final documents. The final documents and language will be in place by the expected October closings. Once the first wave is accomplished, PanAmerican expects to issue more certificates to fund the estimated $150 million plus in mortgage money needed in Belize alone. PanAmerican BanCorp intends to continue to participate and grow in the expanding global mortgage markets, as well as the growth mortgage markets in America. Except for historical information, the matters discussed in this news release may be considered "Forward-looking" statements, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include declarations regarding the intent, belief or current expectations of the company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results. CONTACT: PanAmerican Bancorp Investor relations, 516/232-2221 KEYWORD: NEW YORK BW1337 JUN 11,1998

To: Rock_nj who wrote (4101)	6/11/1998 11:42:00 PM
From: Andeveron	Read Replies (1) \| Respond to of 8798

>> The bid ask was actually BID 0.016 ASK 0.0165 << A true penny, so to speak. The 52 week high on this is .019 Figure, a player buys in 100,000 shares at .016 for $1600. If it moves to it's 52 week high, he makes $300. Decent return, but it could also tank to it's 52 week low of .001 thereby rendering your 100,000 shares into a pittance of $100. The news today also did not move the stock much. Does the company have more news on the way or was this it? No intention to bash, just curious about why you feel this is a worthy investment.