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

To: DealMaker who wrote (10118)	8/2/1998 7:17:00 PM
From: xbrent	Read Replies (1) \| Respond to of 43774

Ok which is it truth or falsehood? All truth or all lie? The government or the company. Choose your side. I don't see it that way at all. In politics people do things for affect. Do Richard Gephart and Newt Gingrich lie? I am not about to suggest that either of them lie or deliberately tell a falsehood. Do they give your their perspective? yes, and then some. Do they leave out some vital info? yes, and then some. When you ask the Chevrolet dealer to compare the Chevrolet with Ford, does he lie? Probably not. Will he give you his side of the story only? probably almost all of the time. Is some politican in Belize and a house organ of that politician telling his side of a story for political gain? I think so. Is it the whole story? obviously not. The builder has a project underway and indicates that it is with Affordable Housing. The houses are underway. Could the government be attempting to sweeten their deal with Affordable Housing? sure, why not. Is is wise for PRWT to blast the government and the Belize politicians? Obviously not, the election will soon be over and the Company will want to do a deal with whoever wins. In summary, the lie, no lie is not the right question. I am quite confident that when we learn the facts that it will be somewhere in the middle of the concept that I am trying to put into words.

To: DealMaker who wrote (10118)	8/2/1998 7:22:00 PM
From: Alastair McIntosh	Read Replies (5) \| Respond to of 43774

DealMaker, you are quite correct. I do tend to put the statements of a national government ahead of those of a non-reporting BB company. If you continue to hold the stock and hope/believe otherwise, it is certainly your choice. As I said in my previous post to xbrent I don't know anything about Belizean politics and it is possible that the company has been completely forthright about its affairs in Belize. However, I would like to see some evidence one way or another. I have no position as yet and will not until the company provides audited financials. I am looking for answers to questions. As an investor you realize that a healthy skepticism is one of you best tools. As far as the stock price being more attractive before reporting than after, lets just say that audited financials sometimes produce surprises. Al