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


To: Warren K. McNeil who wrote (534)6/14/1998 9:27:00 AM
From: Rock_nj  Respond to of 43774
 
Here's a quote from an earlier post regarding the number of authorized shares and the float:

"I recently spoke with the CEO (John) and according to him the float is 165,000,000 million. There are another couple hundred million shares restricted for warrants. The authorized is 750,000,000."

The word is that there is not going to be a reverse split. Noone knows exactly how they are going to get the price up without a reverse split. Buyback and share cancellation rumors are circulating. We should know more about this situation this week.