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

To: ColleenB who wrote (24458)	1/28/1999 5:30:00 PM
From: Big Bamboo	Read Replies (2) \| Respond to of 43774

What's your point? Some people feel they will see the stock in the $2-$4 range very shortly. I guess if I had any thoughts of selling my shares, I would want to send them to the transfer agent so they would be in my account. Call the transfer agent. Interwest Transfer, Salt Lake City Utah.

To: ColleenB who wrote (24458)	1/28/1999 7:14:00 PM
From: ColleenB	Read Replies (2) \| Respond to of 43774

hoo boy.. and I didn't things could be worse.....more from the NHLT financials... do you think they might be talking about the POWERx??? The Company has settled certain litigation involving alleged improper use of a medical card benefit program. Under terms of the proposed settlement, both parties agree to dismiss the claims against each other, and agree to enter into a commission agreement hereby the Company pays a commission of 3.5% of sales, such commission to aggregate $400,000 over the life of the agreement; the Company will pay at a minimum, an annual commission of $30,000. The Company is current with the terms of the settlement agreement. $285,000 is accrued at September 30, 1998 of which $255,000 is long-term debt which covers the total remaining obligation. On September 1, 1998, the Company entered into a written settlement agreement with the Stein Group resolving all disputes between the Company and the Stein Group (the "Settlement Agreement"), subject to the parties' compliance with two sets of conditions, including payment by the Company of $150,000 in partial satisfaction of the HealthMed Loan and deposit into escrow of an uncashed check in the amount of $18,000 that was to be used to purchase a portion of the common stock that was canceled, (i) all three lawsuits (the Premium State Action, the HealthMed Action and the Premium Federal Action, collectively the "Litigation") would be dismissed without prejudice; (ii) the stock certificate evidencing the 8,000,000 shares of common stock would be deposited in escrow; and (iii) Stein and Hawk would immediately disclaim any position as directors of the company, as they had previously asserted. The Company has already complied with all of the first set of conditions; accordingly, the Litigation has been dismissed without prejudice by the Courts in which they were pending, and will not be refiled unless the Company fails to comply in a timely manner with the second set of conditions. edgar-online.com