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

To: Howard C. who wrote (36547)	5/19/1999 11:52:00 AM
From: PCModem	Respond to of 43774

Howard, and all for the FWIW department: By: DAYOAH Reply To: 34801 by hammock Wednesday, 19 May 1999 at 9:19 AM EDT Post # of 34832 YES, the BOCA office is functional. I daytrade there. I am a retiree who makes spare money day trading stocks for the last 5 years. Both the SI board and RB board are very childish. But, since one of my long term holds is PABN, I thought I would interject some truth into this sorrid mess once and for all. I get $2 back from my original investment for every trade I perform, until I recover my initial startup investment. Yes, you need a min of $25000 to start, obviously more is better. Yes, I am not the only one trading, there are a min of 10 people at the site each day. I alone perform up to 50 trades a day, 3 times a week. Until you people grow a little more mature, I will lurk. Right now I have to get ready to make some money. Charlie ragingbull.com ***************** Charlie, thanks for the info! PCM GO PABN!!!

To: Howard C. who wrote (36547)	5/19/1999 11:53:00 AM
From: jhild	Read Replies (1) \| Respond to of 43774

Well it remains to be seen what has been discarded and what remains. Most companies don't have these kinds of question marks hanging over them. With the history of the organization unfolding in greater detail, I have to wonder who is going to trust them as opposed to other companies with much larger assets under management that are free of these problems. As a stockholder you have to be concerned. This also raises the issue of the cozy arrangement that the I-T Division has with Gold Country. With Charles Vaccarro being the head of both organizations, just what assures that the profits from any trading will find it's way into the PABN balance sheet? Constructing a deal that siphons off all profit (in the event that there ever are any) from the PABN shareholders is really not a hard thing to do. If they filed we might know more as they would be forced to disclose. But alas, they have avoided reporting, say they will but then not.

To: Howard C. who wrote (36547)	5/19/1999 2:28:00 PM
From: jhild	Read Replies (2) \| Respond to of 43774

Let's look at their treatment of the filing of financials: 6/29/98: . . .I had a brief face to face meeting with John . . .Financial reporting is in the works with the accountants..the 2nd qtr ends this month June 30th, and the financials will be due out about 45 days after this date. #reply-5050846 9/25/98: The Old PRWT books will close on Sept 30 1998. The old shares will be converted and exchanged one for one. PANBANCORP will be reporting with the 45 day limit. #reply-5837174 11/4/98: Finacials This was a key question that I pressed on many times. I could not get a firm commitment on that one. He does not have to do it, so he will do it when he can get the proper balance sheet and information in order. He did commit to releasing some sort of finacial data by the end of the year. #reply-6293989 12/3/98: Their priority right now is completing and reporting the financials. . . . The company says financials will be out in January* and I believe them.* #reply-6663698 2/24/99Rey: When do you expect financials to be out? <Moderator>: Regarding financials, we expect to file financials before the end of Q2 #reply-8179548 [This comment appears as an answer about 10 times through out the transcript.] What is your take on the full story on this issue of reporting. I think they have very little credibility when it comes to looking at what they say. (I also note that this behavior is consistent with the behavior that the NASDR cited in the way Greenway brokers treated their clients in putting them off and not executing their trades.)