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

To: ISOMAN who wrote (36391)	5/18/1999 1:58:00 PM
From: ColleenB	Read Replies (1) \| Respond to of 43774

Revenues from what divisions? There is no RMC, and with that goes the millions in generated revenues, and those two homes in Belize, paleeze, they're definitely not generating any cash. There are two IT offices to which it was stated by John that the GARDEN CITY office (singular) was the only ONE with a positive cash flow. But this was going to be short lived because they were planning on buying software so they could trade online. He said in the February shareholders meeting that the Health division would not generate any positive cash flow until after the second quarter. and the other "divisions" are nothing but visions at this point. soooo, I think we can scratch off your #5 from the possibilities of cash generators

To: ISOMAN who wrote (36391)	5/18/1999 2:01:00 PM
From: jhild	Read Replies (2) \| Respond to of 43774

Directors make loans? Convertible debentures? That would be sweet. Private placements? And no financial disclosure? The opportunities for mischief are uncountable here. No wonder they haven't filed. Certainly to their benefit to not file until they are forced to. Then they can pretty much do as they want by releasing PR's to move the price, or pay newsletters to tout their shares. Or even pay chat room participants to promote their stock.

To: ISOMAN who wrote (36391)	5/18/1999 2:32:00 PM
From: Mstrego	Read Replies (1) \| Respond to of 43774

Unseen Revenue Sources PABN DIGIBILL - a method of direct billing for Doctors and medical offices across the US. Direct Billing to insurance companies,Medicare, Gov't programs, etc = 3 or 4 day turnaround for payment versus conventional 45 day to 60 paper returns. Makes Doctors very happy, ROIC, and most likely, they have all started to invest in PABN. Also, less likely for fraud which again affects the insurance companies...and they love that...Everyone is happy with PABN DIGIBILL. You can read the press release about the NY HMO that signed with PABN a couple weeks ago! panambancorp.com PRESS RELEASES INSIDER TRADING - Insider Trading running in 23 states that we know of today! Commercials on CNBC in local Boca Raton market and Long Island Area. Soon, More Commercials as the project gets under full steam. PR for IT is immenent. We think they are taking care of the loose ends before rolling out the press. insidertrading.net or panambancorp.com REVENUE TO COME - DEAO.com - will be PABN's next $$$ BIG DENERO!! E-commerce Site, beta cycle scheduled for Q3, with final product release in Q4 99. This is going to be big folks! IF we are not not seeing Revenue from the Belize Project already, we will soon. 3 phases in Development, Nice AFFORDABLE HOUSING, with weatherproof structures(for wind storms) and a growing economy. FIRST STATES FINANCIAL CORP - Banking services, mortgage lending, HQ'd in Norristown, PA - Telephone Number 610-277-2100. I encourage everyone to read the PRESS about this company and look for them to make PABN some heavy coin in the future.. panambancorp.com PRESS RELEASES

To: ISOMAN who wrote (36391)	5/18/1999 3:01:00 PM
From: wonk	Respond to of 43774

Until financials, it's anyones guess True up to a point iso - however, there are professionals concerned with this sort of thing; trained to analyze either what companies should do or what they are doing. If they have some credentials, they're respectfully considered as financial analysts. A couple a quick points: You should clarify that 2 would be construed as an offering to the public and hence would be different than 4. Point 2 would be limited in how much cash could be raised. Point 5 is incorrect, revenue is just how much you take in and doesn't tell one much - you have to know the net. Operating losses require cash, they don't generate it. You should say positive EBITDA or positive cash flow. I think that Colleen expressed succinctly how unlikely it is that significant - let alone - positive cash flow is being generated. Item three certainly is possible, and the least damaging to the share structure if a straight loan. Yet, more than likely a lender (even if it is an insider) would prudently demand a high rate of interest and a significant equity kicker to compensate for the risk. If the interest was deferred add more to the kicker. Harkening back to finance 101 one can postulate the effects on the share structure, if the company was to choose option 2 or 4. Given the fact that this is OTC-BB, given that the shares would be locked up and thus have no liquidity, given the amount of shares sold would likely not represent a control position, given the endemic business risk of a relatively new endeavor, and given that the new shares dilute the capital structure, it would not be unfair to estimate that new shares could only be sold at least a 75% discount to the market price and in fact, you see this discount all the time. (The lack of reporting historically inflates the market value of micro-cap stocks over and above their "intrinsic" value since the general public does not have access to all the relevant facts. However, participants in a PP have more accurate and current data and hence demand sizeable discounts.) Now in the case of PABN, to keep the math simple, using a average market share price of 10 cents, it would have to issue 40 million new shares just to raise a million before flotation cost. However, given the fact that the price rise in the stock price is relatively recent (it floated in the 2- 3 cent range for what, 6-8 months) one would expect that a PP would be priced at some average of the prior months market price. If one took average closing price over the past 60 days then you would be looking at an average share price around 3-4 cents which would mean the company would have to issue something on the order of 114 million shares to raise a million - before flotation costs. The numbers get very ugly, very fast. ww