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

To: astheworldturns who wrote (25372)	2/7/1999 5:43:00 PM
From: jhild	Read Replies (3) \| Respond to of 43774

July 26th, 1998 - Those were wonderful days in the history of PRWT. The announcements of the government guaranteed loan programs were still coming in. The management had even commented over the phone to filing financials that would cover the merger period through the end of June. Those financials were said to going to be filed less than three weeks later. The Belizean houses were to start construction the following week. The ad for Insider Trading was to start in August. Yes those were the days when there was no history of accomplishment. When management had no record. But my how things have changed. Unfortunately it seems that management still has no history of accomplishment. The first house is not even reported finished. The reverse merger is still not officially announced completed as well. There are still no financials filed. There are no Belizean government guaranteed loans for those houses, nor does it appear that there ever were any government guaranteed loans - in their stead are announcements of disavowal that such a relationship ever existed with the Belizean government, either the old government or the new. Indeed why any rational person would not continue to cleave to the company line, as it was presented back in July of 1998 is difficult to fathom. But I see that you are not troubled by these events.

To: astheworldturns who wrote (25372)	2/8/1999 7:07:00 AM
From: ColleenB	Read Replies (3) \| Respond to of 43774

How wonderfully ironic that you bring up one of my old posts to show the continuing saga that is still being played by the management team of PRWT. Yes, folks it's been 7 months since that post and the script remains the same. The only change has been some of the audience. It seems that some people not only don't mind reruns, they don't realize that they're partaking in reruns. We were promised financials in August, then it was September, then by the end of the year, then sometime in January and then sometime during the first quarter of 1999 and now, it's not even being mentioned. Eight months ago, we were told about some government backed mortgage loans to government employees in Belize and even got a PR stating such. When this never transpired we were told that the problems PRWT were facing in Belize were politically motivated. We were told that the government web site had been hacked into and misinformation was posted. We were told to not believe what we read on the official government web site as this was being corrected by PRWT. Months later, we learn that the web site was not hacked into and that PRWT STILL doesn't possess legal documents to process loans in Belize. But like good little investors we accepted all that was fed to us because we heard more promises of wealth if we just hung on and allowed PRWT just a little bit more time. More time passes and all of a sudden a shareholders meeting is announced to take place in September because, because, because the RM never took place and now they needed a shareholder vote. And now we find ourselves 5 months from this September date and we can see for ourselves that the RM still has NOT taken place. The Nevada web site is kept current, has not been hacked into and it clearly shows PanAm as a separate entity from PRWT. But wait folks the soap opera continues....... there's more!!!