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

To: jdcpa who wrote (20570)	12/13/1998 11:50:00 AM
From: ColleenB	Read Replies (3) \| Respond to of 43774

It would stand to reason that insiders have contributed a substantial amount of cash in exchange for restricted shares of stock, wouldn't it? here's where it gets sticky... what exactly are the restrictions???... some could be volume restricted and with the volume we've seen these past few days, they could have been dumping a ton of shares into the float. It's not going to do us any good to deny the fact that our float has grown by approx 30Million shares (unless we want to believe in the shorting story... I personally do not).... how many more shares might be coming off of restriction? And is that what the sudden surge can be attributed to and not a private placement/debenture... AHHHHHH ... I know this is an ugly word, but we have to be realistic and wonder where the heck this volume came from. It sure would help us a lot if we had access to the 144's the company has issued. John could provide us with this information. I have this information available to me on other nonreporting companies I own. Also VERY important is what is the number of AUTHORIZED shares for PTWT... with this stock hovering at around 2cents, I fear that he's had to pay quite the large number of shares as enticement to these other companies to come on board. And...well..... ahhhh, since, I've already started... I'll also mention the dreaded R... with the additional shares in the float... this would be the perfect excuse for a R... there, now I said it.... sorry guys... but we're looking at a whopper. This is why it would be helpful to know the AUTHORIZED number of shares... to know what WILL be eventually finding it's way to the float....

To: jdcpa who wrote (20570)	12/13/1998 12:15:00 PM
From: barbara sperino	Respond to of 43774

I was also told the all the restricted shares are 144's which means even when they do become unrestricted you or your broker have to file with the SEC that you are selling these shares. Also any Private Placement shares now legally have to have at least a 12mo restriction on them. I asked the first time I talked to the company about debentures and was told that they have never done anything like that and would have no reason to need outside financing. These Floorless debentures are usually done by the same people. If you check some of the different stock you will see the same names popping up all the time. I now make it a point to ask right up front when speaking to any company that I'm thinking of investing in if they have any kind of financing deal with these people . If they do than I won't even touch it. Many company's have lawsuits against these people and hopefully the SEC will take notice of this and stop them. Sec stopped letting companies about two years ago from doing Private Placement with unrestricted shares. Hopefully they will do the same with these debentures.