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

To: jdcpa who wrote (15151)	10/11/1998 10:00:00 PM
From: Janice Shell	Respond to of 43774

Two cents is insane for a company of this structure. Two responses come to mind: 1. If it's so "insane", why is that the price the market assigns it? I seem to recall similar statements made on the MTEI thread last spring: oooooh, "book value" should be $2.85, so why was it trading at (then) about 80 cents? Well, turned out there were a number of very good reasons, and it was grossly overvalued at that. Mr Market is sometimes wrong, but usually he's not THAT wrong, and not for very long. 2. Let's not forget that there are 650 million shares out, minimum.