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

To: barbara sperino who wrote (28798)	3/14/1999 6:03:00 PM
From: Howard C.	Read Replies (3) \| Respond to of 43774

Thanks, but it sure looks like a long way down from all the excitement here a few months ago on that subject. Something doesn't smell right.

To: barbara sperino who wrote (28798)	3/14/1999 6:12:00 PM
From: jhild	Respond to of 43774

I believe if the Belize Government does not honor their first agreement they had with this company and than reniged on at election time. PABN will no longer do business within Belize. Well that is quite the charitable assessment of what seems to have happened in Belize. My Lord the government even went so far as to disavow association with the then PRWT (now PABN). They even wrote the US Comptroller of the Currency to indicate the non-banking status of the Affordable Housing Group. There are only 2 houses in an unverified state of readiness, in a subdivision being developed by someone else (who has already built and completed a non-Affordable Housing Group home there). The potential looks more limited than originally represented, is about the most charitable way to describe it. It just never occurs to you to suggest that John Schmitz has just outright lied does it. Instead you would cook up a conspiracy theory with an entire government. Well actually make that two governments as the new one also reissued a similar disavowal.