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

To: barbara sperino who wrote (29861)	3/25/1999 3:38:00 PM
From: gpowell	Respond to of 43774

Actually my previous statement was based upon this paragraph from an open letter by John Schmitz posted by you. Float Issue When we took control of Purewater, there were 750,000,000 authorized shares, approximately 610,000,000 were issued and outstanding. Of the 610,000,000, approximately 228,000,000 of the shares were in public (not control or 144 restricted)hands. Since we changed the name and revised the charts, we authorized more shares in anticipation of some acquisitions and financing. To date, the amount of shares freely trading is now approximately 250,000,000. The number will change as old 144 stock gets released and some shareholder liquidation takes place. From the company standpoint, we feel the number of outstanding shares is only relevant to our final completion of our organizational structure.