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

To: goldcoin who wrote (13472)9/11/1998 2:36:00 PM
From: Rock_nj  Respond to of 43774
 
A reverse merger is NOT a reverse split. A reverse merger means that company A (PanAm) takes a controlling interest in company B (PRWT) and then assumes company B's idenity and public status. I guess the shareholder meeting is just a formality. When is the ribbon cutting? Are there actually going to be homes ready for the ribbon cutting?



To: goldcoin who wrote (13472)9/11/1998 2:44:00 PM
From: Bram12345  Respond to of 43774
 
Goldcoin, you misunderstood Rock_nj's comment. There is no RS at this time. A RS will probably not be considered until next year when the company has moved forwarded quite a bit with all the alliances and acquisitions, and IT expansion, etc.

The meeting is basically to vote on the merger.

Ben



To: goldcoin who wrote (13472)9/11/1998 3:01:00 PM
From: barbara sperino  Respond to of 43774
 
When have you ever seen a company that does a reverse split take a shareholders vote on it? PRWT is not doing a reverse split.At least that is what I have been told.


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