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Microcap & Penny Stocks : GLOW - Global Games, Inc. - Great Profit Potential ! -- Ignore unavailable to you. Want to Upgrade?

To: bodie who wrote (5620)	8/1/1998 3:57:00 PM
From: Scottoo	Read Replies (1) \| Respond to of 8879

Well, beside stopping the momentum of the price---Appears there is a forthcoming election and someone appears to have published a release that company was not building houses, had no agreement, etc, etc. Perhaps to embarrass the opposition CEO sent down several lawyers to see what, if any, problem there was as regards the government's position.Company had previously posted photo of CEO at groundbreaking with Minister of Housing(?). Identification of the minister verified separately Ad interim, an SI member was down there, transmitted photos of the location , construction and the fellow involved with clearing the land, part of which, I believed he owned. Plus E-mails provided by the gentleman, Mr. Giovanni Smith explaining lot numbers, association with PanAmBancorp(PRWT). Finally, yesterday someone posted that the PR had been removed from the Belize Govt website as well as reference to what company was doing about it on the PanAmBancorp site. Nice face saving, huh Totally political. Don't you know there was all hell to pay in the SI site over the weekend. Bashers had verbal orgasms for several days. Meanwhile CEO, John Schmitz went about his business with an acqisition of a mortgage company in Nevada, covering, I believe 14 states with more forthcoming. Sales closings of 500 million in l997. This year's earnings will accrete to PanAmBancorp. Not bad for a stock which closed at .$.042 Friday. Sorry to have taken so much time in my reply, but my point is, don't take the Minister's statement as in concrete. Wait for the company to respond, seek clarification, etc. I would not jump to conclusions Hope I provided some insight in my response. Give the company a chance. As with PRWT, I cannot fathom why a company would put its head on the line with the SEC. There are always two sides to every story. Let the facts be determined Warm Regards, Scottoo