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


To: wonk who wrote (29317)3/18/1999 1:17:00 PM
From: Lucky Charm  Respond to of 43774
 
Wireless, thank you very much, you win the prize!!! Let me know when you are available to learn the "Secret Handshake" !!!

Could everyone please do me a favor and take a moment to contact your brokers or on line accounts and see if you are showing any shares... I have both and both are showing zero's... I'm just trying to figure out if everyone is being issued the certificates or what.



To: wonk who wrote (29317)3/18/1999 1:37:00 PM
From: ColleenB  Read Replies (2) | Respond to of 43774
 
Wireless,

A question, I might be way off base but..... what if the reason PABN created this Thrift was for the purpose of "finding" the $6Million dollar loan it pledged to make to the failing company NHLT? In order to do that, they would have to have $240K in assets according to the 4% thrift clause. And at 2cents a share, the company could sell off 12Million shares and raise the capital necessary.

We have been watching dumping of massive amounts of shares since December. So it's possible that the company could have easily dumped this many or more.

Is this plausible?