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

To: Gordon Gekko who wrote (14041)	9/23/1998 4:49:00 PM
From: Gordon Gekko	Respond to of 43774

Interesting post about Realty Money Center. I talked to Dave Williams (702) 227-5626. 3085 S. Jones Suite B Las Vegas, NV 89146 There are several offices associated with David in the city of Las Vegas. The name used to be Realty Mortgage (Incorporated 1993 in the state of Nevada), and they have changed the name to Realty Money Center. There are too many other companies using that name. Realty Money Center is registered with the state of Nevada as of March 12, 1998. His main concern at the moment is getting the Realty Money Center acquisition finalized and confirmed. News concerning this will be announced very, very soon. He said that there are new PR people that will be retained to answer all shareholder questions about PRWT. John is acutely aware of the dissatisfaction of answering concerns in a timely manner. This will be remedied. David was very enthusiastic about his association with Richard Astrom of NRPI. This loan guarantee means they can afford their own general contractor. They'll be able to tackle 50 houses at a time instead of 6 or 7. Their turnaround time on rehab will be cut dramatically. At an estimated profit of $10,000 a house, it won't be long until the new profits will be converted to a much larger bottom line. David said that the biggest asset he will bring to PRWT is CASH. Cash will help to keep John's master plan on track. He said that he is not a genius with his knowledge about the stock market, but does know how to make money in real estate. He sees himself as the strongest arm of the tiny conglomerate. (-; David's RMC website will be up and running any day. It will be crossed linked with PRWT. His revenues are on track for 1998, relative to 1997, although two of his many offices have gone independent. His plan is to expand the number of offices he has to other areas of the US. This is one of the reasons he had to change the name. Realty Mortgage would not be available in California, for instance, since there are several there already. He has a huge contract pending in Mexico and foresees this closing soon. He understands the pitfalls of doing business with 3rd world countries, and how politics can scramble information. He spoke very highly of John, and said that none of these releases were meant to mislead shareholders. He got ahead of himself with his exuberance before all the details were absolutely ironed out. He has learned and now has better lawyers. The old ones were the ones who cleared the releases. Confirmation will come shortly from Belize, and a return PRWT press release will follow immediately. John wanted to release information on Belize a short while ago, but held off with better judgment. He wants everything absolutely clean and above board. The only way to accomplish this is to let Belize make the first move. David commented that it was a shame that people focused on this, as the income will not provide as large a financial impact on earnings as RMC and IT. But he understood that it was a credibility issue with shareholders. Interesting side notes. He would not deny negotiations with AT&T. I will not quote his estimates of short term share value after the several releases scheduled, because there's no way to dictate the impact of enthusiasm AND financials. I'll just say that in his opinion and mine, our patience is going to pay off BIG TIME.