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

To: ISOMAN who wrote (27454)	2/28/1999 10:35:00 AM
From: ColleenB	Read Replies (1) \| Respond to of 43774

I called Dave Williams a long time ago. Last summer, and he stated at that time that a merger was in the works, and would take place once the Panam/ PRWT merger was completed. Soooo, what's the hold up? Why is John still dragging his feet about completing the RM between PanAmerican(Nevada) and PanAmerican/PRWT(Delaware)? Is there an honest reason that this to date has not happened? From PRWT shareholders, this merger was voted on and approved 5 months ago. John Schmitz controls the shell (PRWT), and I would assume that he also has controlling interest in the Nevada corporation as well.... so, what's the problem? There is no stumbling block to over come. If he wanted to merge the two corporations, he could do so at any time. And..... let's revisit one of the earlier PR's issued by PRWT.... NEW YORK--(BUSINESS WIRE)--July 28, 1998--PanAmerican BanCorp/Purewater (PRWT - NASDAQ) has acquired* 100% of Realty Money Center for stock and other considerations.* Message 5499425 the words has acquired seems a bit misplaced given the current knowledge that we know this has not happened.... and oh, my... I see that PanAmerican/Purewater was mentioned...and not just PanAmerican, which is some of the double talk we now hear between the two. Convenient for both of these companies to be named PanAmerican BanCorp, isn't it? Quite an easy way to mislead and technically/legally protect yourself at the same time. I can just hear the stories now.... much as we already did with the redirection from some posters that John erred and gave the share count for PanAmerican(Nevada) and not PanAmerican(Delaware).... yea, right.