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

To: investor1 who wrote (4257)	7/2/1998 1:05:00 PM
From: ISOMAN	Read Replies (2) \| Respond to of 43774

15 cents WHY? at 15 cents a share the market cap is 81 million Dollars. What justification do we have that Pan American is worth 81 million dollars. How can you value something you don't have any numbers on yet? What are the sales figures? are they going to earn 3 cents a share this year? If they are then that would support a share price of 15 cents. No one knows what the sales will be yet. As you all say, the company is only 5 weeks old. So how can anyone say what the price should be up, or down? There is no hard data available here. And it can't be legally obtained yet, so at this stage it is pure speculation. Until the file some financials with the sec, a true value of the company cannot be acheived. Why do people always predict prices on stocks that can not be appraised yet. Yes I know they have press releases that have potential profits in them. Yes, I can understand that some are excited about the futer of the company. Anyone who claims to be a long, could not care less about the short term price. Anyone who claims to be a long would be buying in periodically, regardless of the current price. If the Longs truly believed it would eventually got to $1 - $5 then the current price would be irrelevant since any stock you can get for under 25 cents that is going to be worth 1 to 5 dollars is a steal. The truth is most are buying this in hopes of a quick 1 to 10 bagger. That's fine, it's your money, but the reality is that most don't get to participate in the runup. So if those of you who really want to be longs (i.e. 1 to 5 years) Why don't you start a separate thread for information only. a news and details only thread, where someone can go to get "just the facts mamn". There is so much banter and crud here that no one can get a grasp as to what the truth is here.