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

To: ISOMAN who wrote (21595)	1/3/1999 7:51:00 AM
From: ColleenB	Read Replies (1) \| Respond to of 43774

Nevada Corps can issue more AUTHORIZED shares, but they can't Change the Authorized without a vote. That's not my understanding.....nor my experience. For example... if what you say is true, then how did my beloved EDII, a Nevada corporation have 46 Million Authorized shares during the summer, and then report a month or two ago in a PR... that the Authorized share count was at 100 MILLION shares????.... there was NO vote...nor are we aware when this happened! Since learning of this, I've done some checking and have been asking lots of questions, and it seems that Nevada corporations can do anything they want to do, without shareholder knowledge or consent. I have also, recently held shares in a different NEVADA corporation where they exercised a reverse split without any vote or prior knowledge of the shareholders. So, I believe you are mistaken in your understanding of this issue.

To: ISOMAN who wrote (21595)	1/3/1999 2:30:00 PM
From: taz man	Read Replies (1) \| Respond to of 43774

People can change the authorized share amount without haveing any kind of vote, dont fool yourself . The people that are in Euto thought the same thing. That they got to have a vote before something like that can happen. WRONG> They did it by just fileing for more atthe local courthouse where they were incorporated. I guess it cost only 50 bucks, and I have heard that in NEVADA its even easier to do this than Florida . The auth shares were limited at 100 mil. All they had to do was ask for more without a vote and Bingo, now they got a 500 million auth shares limit. they are already cranking up the press as we speak too. thats right, a half a billion. turst me, they dont need a vote, and they dont have to tell anyone they are gonna do it, till its too late. If you dont check with the TA about once a week, they will just sneak it by and the only ones who will know will be the TA>, They hope no one finds out too quick and then they come out with BIG NEWS and sell the shit out of their worthles stock on a run to 4 or 5 cents. call the TA every week and ask what the Authorized shares are and what the limit is EACH AND EVERY WEEK< DONT TRUST THEM!!!!. a "vote" is just a bullshit lie they tell you while they screw you overand quadruple the number they can sell.