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

To: Fred-beaches who wrote (26748)	2/24/1999 9:53:00 AM
From: X Y Zebra	Respond to of 43774

Remember this is only a PENNY, PENNY, PENNY, PENNY, PENNY, PENNY AND PENNY STOCK. It was not even a penny stock a while ago. Let us not lose our focus and hope that management knows what the heck they are doing because at this price nobody makes any money. If one looks at yesterdays 35,000,000 shares sold at a average of .025cents that comes to, a drum roll please, $875,000 in trading dollars. A really big deal. Take the stock up to .25cents or higher and we are talking some serious money for the stockholders and the insiders. Bottom line.... If you want to speculate... then call it so. The problem is that many "investors" dump considerable amounts of their money, (I don't care really), under the pretense that they are "investing" not speculating. Where it bothers me is that the SEC allows most of these circuses (in the pennies), to exist WITHOUT reporting... there is the rub for me. It is the closest thing one gets to a license to steal. Most of these companies are "story stocks".... that never quite get the story together, some, are outright frauds, and then the fools who lost money rush in to the lawyers to lose even more money... Then you have your "pump & dump" models.... What does that have to do with me...? Simple, it increases the cost of doing business for real and honest companies, not to mention that they also clutter the legal system. At the very least, they should report to the SEC, if they are honest, they should not fear anything. Although I confess to enjoy the entertainment they provide in reading these boards. Certainly, everyone is free to throw away their money.... just call it speculating not investing. Just my opinion.