Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: ColleenB who wrote (30672)	4/1/1999 8:21:00 PM
From: Roger Bodine	Read Replies (1) \| Respond to of 43774

Since John is coming out with financials soon, he probably has his accountants in the various divisions putting the numbers together. If they found out anything with one of those divisions (like RMC) that wasn't known previously, then John may choose to drop them. In negotiations, all sides may not be 100% forthcoming with their business figures. If John was smart in the beginning, he would have a clause about breaking the relationship if the original unverified figures were to be in doubt after an audit. That's law room 101. So, IF that turns out to be a possibility, then he made the correct, but painful move: to stop now with a questionable deal. I do not know if this is the case, but maybe it is. It would answer why this announcement took place, I'm sure it is hard for John to do this. If others have ideas about why, then I would like to hear them. The truth is whatever it is. I do not know, just guessing. Looking at the possibilities and hoping for the best in the long run here. Here is part of the count as I see it so far, please add to this: Bad or going nowhere = Belize, RMC Going good = IT, Healthcare stuff Looks good but waiting = the new Thrift (experienced business men), On-line Unknown = financials. thanks for listening, Roger