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

To: Buster who wrote (10040)7/31/1998 2:20:00 PM
From: Dusty Vestal  Read Replies (1) | Respond to of 43774
 
Buster, I agree.... I know one of the MAIN reasons people that I talk to won't
touch this stock is because of the millions of shares outstanding.... Although I know nothing about reverse splits, many of them say that "they will bet the farm" that they will do a reverse split with this many shares out there, since it won't move otherwise....... They said they have seen this situation time and time again and it always results in the same outcome......... Of course since I'm a new investor, I didn't have much ammunition to argue with them... I do tell them that they say that there won't be a reverse split, and they just say "Yea Right".....
Oh well, I'm still long in prwt............ Dusty



To: Buster who wrote (10040)7/31/1998 2:58:00 PM
From: Dusty Vestal  Read Replies (3) | Respond to of 43774
 
I personally don't think there will be a reverse split, but of course 100% of that
is based on what John from the company is saying.... However, I guarantee you that if it did change and they said there would be one, %98 of everyone would sell, since reverse splits can pretty much guaranttee you a loss..........
Let's hope that they think of other ways to push this price up with all these shares.......... Dusty


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