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

To: wonk who wrote (37110)	5/26/1999 9:50:00 AM
From: jhild	Read Replies (1) \| Respond to of 43774

Here's a videophone blast from the past: Video Phones Pan American has merged with Visual Interactive Phone Concepts that has a U.S. patent for exclusive rights to a Videophone Interactive Mailbox Facility System which is in production and will be used to set up instant mortgage offices anywhere in the world. 5000 videophones are said to be on order. Visual Interactive Phone Concepts Anthony J. Cinotti, John Davidsohn 212/859-3531 fax: 212/344-1910 Com Port Barry Brisco Tel: (613) 562-0598 #reply-6851581

To: wonk who wrote (37110)	5/26/1999 10:24:00 AM
From: jhild	Read Replies (2) \| Respond to of 43774

With all this talk of franchising I am wondering what happened to the company since PanAmerican Bancorp is a startup company with NO DEBT and plenty of capital behind it. (See: #reply-6989712) Franchising, if they are pursuing it, I thought was a way of bootstrapping the growth of a company by getting others to risk their capital. Doesn't sound like they have plenty of capital behind them.

To: wonk who wrote (37110)	5/26/1999 10:56:00 AM
From: ColleenB	Read Replies (2) \| Respond to of 43774

ww, I find the corporate entities within PABN confusing and perplexing. I'm wondering if you can shed any light on the following... PanAmerican BanCorp was initially organized as a Limited Liability Company in 1996. #reply-9726329 Two years later a company, PABN, was incorporated in Nevada on June 9, 1998 (http://sos.state.nv.us). Prior to the creation of this corporation, a PR is released which claims that PABN (the Nevada corporation) is merging into PRWT (a Delaware corporation), [the date of the PR proceeds the inception of the Nevada corporation] #reply-9195536 As we all know by now, this RM did not occur in June as was claimed, rather was a recent event which happened in March, 1999. With this aside, PABN has also claimed to have several wholly owned subsidiaries (see various PR's, for this post, we'll ignore the claims on RMC..<g>) However....we see that: Affordable Housing Group, Limited ------is incorporated in the country of Belize #reply-9726329 Insider Trading ------ the DBA for Access Wall Street is incorporated in NY #reply-9726329 PanAmerican Healthcorp ------ is incorporated in New Jersey #reply-9726329 PanAmerican Internet Group ------was incorporated in January, 1999 in New Jersey #reply-9726329 PanAmerican Interactive ------was incorporated in November, 1998 in Nevada sos.state.nv.us Now, here's where I'm confused. If these entities were all created PRIOR to the completion of the RM and it has been established that the PABN (Nevada) corporation had no assets, has been reported that they only had 20K shares issued in it's treasury then, can we really assume that these other entities are a part of the PABN (Delaware) corporation? And if they were/are, then how was the exchange of the 1 for 1 possible? And, why would PABN create all these wholly owned subsidiaries as separate entites and in different states? Are there additional shares out there? HELP