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


To: ISOMAN who wrote (26952)2/24/1999 4:09:00 PM
From: ColleenB  Read Replies (1) | Respond to of 43774
 
Bottom line is, are they profitable.

This is not entirely accurate, as I've already pointed out.



To: ISOMAN who wrote (26952)2/24/1999 4:11:00 PM
From: David Sirk  Read Replies (1) | Respond to of 43774
 
If they were profitable they would not have had to dump shares onto the market. The only good thing about this is that you can now begin to SEE the progress. This internetthing could take off. But my main concern is this!

I have seen it so many times in the past. They print out a bunch of shares and then they buy stuff by handing out PREFERED SHARES . When the RS comes the PREFFERED shares stay the same while our investment declines buy 100 to one. Thats the rich stay rich and the poor stay poor.I think I can make some money on this stock but I am not LONG like I used to be.