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


To: *ROSARIO* who wrote (15571)10/15/1998 10:35:00 AM
From: slotman  Read Replies (1) | Respond to of 43774
 
Times change and so do circumstances Rosy.

No CEO in his right mind would put that in writing unless is was bracketed by a time period and renewable at the discretion of the BOD.

John S reportedly said no reverse in the "forseeable future"..very vague statement. Our opinion of forseeable and his might be somewhat different.

Properly executed and timed, a reverse is not necessarily the "kiss of death", although few pennies survive the trauma, especially after the CEO "reportedly" said none would occur.

If there is "ever" to be a R.S. now looks like a good time since so many investors have left this company for other faster moving opportunities.



To: *ROSARIO* who wrote (15571)10/15/1998 10:36:00 AM
From: Scottoo  Read Replies (2) | Respond to of 43774
 
And did your attorney also tell you that John can not do it without the assent of the majority of stockholders?



To: *ROSARIO* who wrote (15571)10/15/1998 10:43:00 AM
From: Buster  Read Replies (1) | Respond to of 43774
 
Rosario,

what's the point about arguing over the reverse split? You knew
there were 100s of millions of shares outstanding when you bought/sold
shares in PRWT. Eventually, there will be a point in time when John
will initiate a reverse split. At the moment he says no but if you don't see it coming you have your head in the sand.

Just my opinion so flame away.

Buster