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

To: Currency who wrote (2094)	6/23/1998 1:00:00 PM
From: Mr. Fortune	Read Replies (2) \| Respond to of 43774

Where did everyone go?! This thread was so active since the market opened, .. but for the past 20 mins, its been dead..? HELLO!!? Mr. Fortune

To: Currency who wrote (2094)	6/23/1998 1:22:00 PM
From: ISOMAN	Read Replies (1) \| Respond to of 43774

The post you sent me too said "The government of Belize has backed the program and the investor wants to fund $10,000,000 in mortgages monthly beginning as soon as possible. The second country to follow Belize will be Costa Rica which has an immediate need for funding 7,000 new homes under the same type of government guarantee program. Other countries in Central America and the Caribbean will follow shortly. Pan American Mortgage will receive an origination fee approximating 5% and an annual 2% servicing fee on the mortgage portfolio balance, a very lucrative business indeed for originating, warehousing and servicing government guaranteed mortgage loans" Now it said 10 million a month. Before the numbers being passed around was 10 million total. So is it really 120 million for the first year potential? If so, the first year revenues have gone up to 8.4 million which would put the sales at 0.0155 cents a share. I am getting two stories here, If it is 10 million a month, that is a little better. that would put the sales to share ratio somewhere around 5 instead of 50.