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

To: EZ ED who wrote (23195)	1/18/1999 2:51:00 PM
From: jhild	Respond to of 43774

EZ, he posted that here on the "Positive" only thread. He's jdcpa here on SI. So now that you have posted it here, allow me to post my response to it for those that may have missed it: Received official word from John. There is no deal with All-Tech Investment Group. Insider Trading had looked at this company but decided it did not meet the high standard that PanAmerican Bancorp is looking for. Really, jdcpa, you never really thought there was going to be a deal did you? My word, they actually have announced revenues, and were going through an IPO attempt last May that would have given them a market cap more than 10 times what PRWT enjoys today. Just what kind of value do you think PRWT could have offered them? Not stock. And certainly not PRWT backers paying out of their own pocket and then giving it to the company. (They are not likely philanthropists.) Absent financials, I have no idea if they have over $100M in cash to affect that transaction, but just as a guess, I would say they don't. So it was going nowhere, was my opinion, despite your innuendo on this subject. How many more of these hinted at deals are going to be falling on the floor, do you suspect? #reply-7341571