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

To: J T who wrote (19745)	12/4/1998 10:33:00 AM
From: Scottoo	Read Replies (1) \| Respond to of 43774

Ah, but, not until he's finished with "the story." WR, Scottoo

To: J T who wrote (19745)	12/4/1998 10:50:00 AM
From: jhild	Read Replies (3) \| Respond to of 43774

I tend to be more interested in documentaries, cleaving to the principles of presenting responsible analysis based on verifiable facts. That is what is intriguing about this stock. There is such an effort to present appearances on the part of management, yet so little apparent effort to actually follow through on their small beginnings. This ad to appear on the CNBC Channel in the Cablevision area of coverage there is a case in point. You of course can think back to the grander statements that were made in July about a commercial appearing on CNBC itself. A rather different proposition than this meek little "random airing" mentioned in the press release to be carried only by the carrier in some regions of Nassau County over the next several weeks. Very much like their Internet advertising. Those Insider Trading pop ups here on SI have not been running very much. These ads seem to me to only be purchased to impress investors, not to actually gain business. We'll see how deep their pockets and how firm their resolve. We could also talk about Belize. The small beginning of 2 incomplete homes without services in rural Belize is a far cry from the implied thousands of government backed mortgages that they originally announced processing and building. At their current rate of buildout, they will be 250 years before they complete the first 1000 mortgages. If they are only 30 year mortgages they will likely never have more that 120 or so in force over this entire span of the centuries. So what we have here is a company of small beginnings, doing the easy part, talking about what they intend to do, but unable to put numbers up on the board.