To: findstock who wrote (12152 ) 8/18/1998 9:57:00 AM From: ISOMAN Read Replies (4) | Respond to of 43774
Well, see, findstock that is exactly what I am talking about. look at Jhilds reply to me: A long post and worth the read, Isoman. Verification of statements is the whole name of the game when it comes to getting info off these threads. If every one would work to make sure what is said is also corroborated then we can all come to rely on the information that we find on this and all the threads. The hypsters on other threads have relied on laziness, and acceptance of what management says as being somehow fact. Sadly this can be dangerously far from the truth. There sits MTEI, all employees resigned and all corporate papers sent to the SEC until a replacement CEO can be found. Yet they had a press release not that long ago implying they had a book value of $2.85/share and their stock at $1.75/share. Today $1.75 can buy you nearly 200 shares. I would correct what you have said a bit about my motives. I am not looking to prove fraud. I agree that it is never possible to answer all questions about a company, but PRWT looks to me like it is showing symptoms of something. The phone conversations with the "high ranking officials", the financials that are due and pushed out another 30 days, the commercials set for CNBC that will come in a week or two, the homes that are going to start selling shortly. These issues seem to need looking into, not accepting answers like "Oh, there was an allusion to politics being involved." Forget the ads on TV for the brokerage accounts, when a country is issuing warnings to investors, this is serious. Dancing around like it didn't happen serves no purpose in my opinion. No amount of washing is going to remove the spot either until there is an on the record announcement from PRWT, not allusions from high ranking un-named sources at PRWT. I guess it's the sense of perspective about these issues that I have that makes me look even deeper. So my agenda is not to prove a result, so much as it is to get an honest airing of what is really going on when things don't seem to add up. I can be convinced, but better to provide links, that allusions. His reply was civil. His opinion is stated above. At this point PanAmerican has not issued a press release explaining , not so much as to why the belize web site, but more importantly, that they do in fact have the mortgage arrangements and rights to place them in action to set them up. Jhild is right, the pump and dumpers rely on the laziness. It amazes me that people would invest $1000, $2000, $5000 even $20- $40,000 in a stock, but they won't make a few long distance phone calls to verify claims. Now, there is probably a good reason why PanAmerican hasn't made a statement, other than the one they first put out that stated they were of the opinion that they had done all that was required, and were looking into it. What that reason is, is mere speculation on any shareholders part at this point. The CEO must have a reason that is in the best interest of the company and Shareholders. If that is the case , down the road, when the story unfolds, this will come to light. If one wanted to phone Belize to verify that affordable housing group can do business in Belize, then they could always phone the ministry of the attorney general and ask if Affordable housing group is registered under the companies act. telephone (08)-22154, (08)-22504, (08)-22110 They could also phone the Central Bank of Belize to verify that John Schmitz did in fact ask for and get permission to own part or all of affordable housing under their regulations. (501)2-77216 Or you could phone PanAmerican's lawyer in Belize Norman Neal, at 2A King Street in Belize City That's what someone concerned about their investment should do, otherwise they are taking someone else's word for it. Some people feel comfortable letting others call for them on the thread. Some people want to see info in writing. So call. I could sit here and tell you that the above exists and is in writing at the above locations. Some of you will take my word for it. Some of you will want proof. I know of no way of proving it, other than saying call these offices above. Besides, my phone bill is huge enough, some of you spend your nickel. At any rate, if you don't want the tough questions asked, help find the answers.