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

To: lookin forward who wrote (28276)	3/10/1999 9:31:00 AM
From: faqsnlojiks	Read Replies (1) \| Respond to of 43774

I know there hasn't been one but are they thinking about it. And anyway if you don't mind how does that r/s thing work anyway. Say a man had 10,000 shares of co. x at 1.00 and a 5 to 1 reverse happened where would that investor be? Hate to sound stupid but I am rather new at this. Thanks The company CEO has repeated many times that there are currently no plans for a reverse-split. As for your hypothetical...if you had 10k shares at 1 per share and a 5-1 reverse occurred, then that person would have 2k shares at 5 per share (post-split). (10,000/5 = 2,000) (1.00 * 5 = 5.00)

To: lookin forward who wrote (28276)	3/10/1999 9:50:00 AM
From: jhild	Read Replies (1) \| Respond to of 43774

Well you are right. Just because there is no Reverse Split here doesn't mean that there won't be one at any time. In the example you cite 10,000 shares in a RS of 5:1 would leave him with 2,000 shares. In the more practical case of PABN, you can be sure that a reverse will not be in the single digit to one range. You really should think more in terms of it being a 100:1 or higher if they are reaching for Nasdaq status for real. In that case, your 10,000 share example would be trimmed to an even block of 100. At that it would still leave 8 to 10M shares outstanding.