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

To: StandFast who wrote (14658)	9/30/1998 3:53:00 PM
From: jhild	Read Replies (1) \| Respond to of 43774

No Mr. Fast, that is not what I meant. For those that may have forgotten PRWT made the following series of statements in their July 8th release: The government of Belize has backed the program and investors have committed to fund $10,000,000 in mortgages monthly beginning immediately. PanAmerican BanCorp will receive an origination fee in Belize approximating 5% and an annual servicing fee of 2% on the mortgage portfolio balance - a very lucrative fee schedule for originating warehousing and servicing government guaranteed mortgages. To date the Government of Belize and a number of news reports as well as the Central Bank in Belize have denied the accuracy of the claims of these statements. PanAmerican BanCorp expects the mortgages in Costa Rica to be larger than anticipated. John Schmitz, CEO of PanAmerican BanCorp, will return to Costa Rica in late summer to further arrangements to provide mortgages to the 20,000 new homes under the government guarantee program. Loans are approximately $25,000 to $30,000 each. To date we have heard nothing substantive about the Costa Rica connection, though maybe summer down there lasts longer than here in the states. I'm sure Johnny expects to go back to further something or other, but just what is a mystery, and why it is mentioned at all is strange at best. I say that qualifies as misrepresentation, never mind the fact that the merger may have just closed last week and the statements about the finalized deals with Insider Trading, Realty Mortgage Centers, and Affordable Housing Group, Ltd. were all factually inaccurate by virtue of the admitted failure to finalize the reverse merger in the first place. No it is not my posts that are inaccurate, it is the misstatements of PRWT that deserve the most scrutiny. And yet there is still no retraction, modification or clarification coming from PRWT. #reply-5499340

To: StandFast who wrote (14658)	9/30/1998 4:28:00 PM
From: Roger Bodine	Read Replies (3) \| Respond to of 43774

StandFast, Here is the example of what I have been telling others about a basher. He shows the links of articles published and explains how the company did us wrong. What he does not bother to show is the Belize government officials making statements that say the previous statements were incorrect and they will issue a corrective news release. So, in fact, the Government of Belize DOES NOT deny these Agreements with PRWT! They actual endorse the company verbally and physically by showing up at the Affordable celebrations in Belize!!! Bashers are bashers. False innuendos are their stock in trade rather than trading in our stock. Roger