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


To: ISOMAN who wrote (31478)4/10/1999 9:50:00 AM
From: Silver Fox  Read Replies (1) | Respond to of 43774
 
Isoman! You could not have said it any better! You have hit the nail on the Head! on so many issues. I'm very pleased to see I'm not the only one who's been doing his homework. Congrats!! Yes! John has a very good team of NY Lawyers working for him. He's making sure the Financial's are in order and he does not want to see any problems show up during the filing process.



To: ISOMAN who wrote (31478)4/10/1999 10:57:00 AM
From: jhild  Read Replies (1) | Respond to of 43774
 
Isoman, it is disappointing to see a grown man repeat this kind of nonsense. Because I know you know better and have known better for many many months now. I suppose you have some public purpose in defending the misrepresentations of this company and I am left to presume that you have your own dark motives here at protecting your own investments.

But your attempt to rewrite the history is not going to work. It has been clear from the beginning that PRWT did not have the kind of commitments, nor the kinds of potential that they claimed for Belize. The idea that they were going to finance 6000 homes in a land of 220K inhabitants - 6000 homes of US$50,000 to US$90,000 - value was preposterous. Anyone that can do 7th grade math can see that this would never happen. 6000 time $90,000 is $540,000,000 which greater than the Gross Domestic Product for Belize. It is and always was fabricated nonsense. And you know, and you knew it. The Press Releases and statements reported by investors as coming from John Schmitz are unconscionable. The SEC could investigate them for this alone.

The RMC deal has been reported by this company as final long ago. But never by Dave Williams it seems. I think this has been another egregious misrepresentation. Escape clause - hogwallow. And you know that as well.

You have been reporting the number of shares outstanding and if you want me to pull your posts where you have been parroting the same numbers, then I will research it for you. But I seem to recall you forwarding these same numbers right along. Blaming others serves no purpose.

I think a forced reporting of their condition is in the best interest of the free market. It would remove any uncertainty about what they are up to. If they have nothing to hide, then disclosure benefits everyone. I am dumbfounded that you would argue for no disclosure here. If it takes a trading halt to accomplish this, then so be it. I think it is time to turn on the lights and have some accounting here.

I think the reason you don't want such an accounting is that you know in your heart that things with PANB/PRWT are not as they have been presented and your long investment here is at risk. Well, too bad.



To: ISOMAN who wrote (31478)4/10/1999 11:01:00 AM
From: ColleenB  Read Replies (2) | Respond to of 43774
 
Also, a simple phone call to the Transfer agent would eliminate the need for guessing about share count. Had I called in June I would have know the Outstanding was 610 million and not 540 million as reported by Top Dog.

Are you so sure that had you called in early June you would have heard a different number? How can you make such a statement? Anything to back yourself up with? Nothing?

Well, let me help you out here. On July 6th, Top Dog reported that the authorized share count was 750M, a number which stood for several months. Prior to this date, there is no post with the authorized number reported that I have found. In this same post it is reported that 78.4% of these shares are restricted..... (#reply-5109355)

do the math and you come up with issued shares being 588M, an increase of 48M in a month's time frame, from the reported 540M reported on June (#reply-4840754). Then, we cruise along another month and we discover that the Issued share count is now 610M (#reply-5413448).. oops, that's about another 30Million share increase, which this poster also says that this number, 30M shares has just entered the market (float) because they just came off of restriction. And that the float has now jumped to 208-212M shares. And boy howdy, the float was 162-164M just two months earlier. Seems to be quite the trend, wouldn't you agree.

Sooooo, what seems to be the problem here? The numbers add up as far as I can see. I see no contradictions in any of these numbers that have been reported and recorded on this public thread.