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

To: jhild who wrote (37306)	5/31/1999 12:20:00 AM
From: Coop	Respond to of 43774

You are sooooo cute! Just wish I could pinch your little cheeks like I would any other child sitting in the corner yelling because nobody wants to play with them. Hi folks. What ever this cute one has misconstrued, I think we all understand the need for attention, therefor his desperate need for the story and if you believe anything that he types, good luck. PM me if you have meaningful comments. Coop.

To: jhild who wrote (37306)	5/31/1999 12:25:00 AM
From: wonk	Read Replies (3) \| Respond to of 43774

Anything new and exciting going on with PABN? This was interesting. ...PCModem/Cele16: I see you and jhild on SI are having a heated battle over the "thrift filing" for PABN. To show you I'm a fair person, I will share with you the e-mail I received from the SEC (see, I DO talk to them) regarding their filing: Subj: Re: PABN Date: 4/22/99 10:55:10 AM US Eastern Standard Time From: PublicInfo@sec.gov To: [my e-mail address] PanAmerican Bancorp filed a Form D on 3/23/99. You may wish to contact our Small Business Policies Branch at 202-942-2950 and inquire about the filing. Valerie A. Lenyear Chief, Public Reference Branch VAL/pmr ... ragingbull.com Nice to know that PABN raised some cash. It would be even nicer to know how many shares were sold - and at what price - since they will probably be soon entering the public float (if they haven't already.) B. Small Business Rulemaking 1. Rule 504 of Regulation D Rule 504 provides an exemption from Securities Act registration when non-reporting issuers make securities offerings that do not exceed an aggregate annual amount of $1 million. As currently crafted, Rule 504: allows for the sale to an unlimited number of persons; permits general solicitation or advertising to market the securities; and allows purchasers to receive securities that are not "restricted." Purchasers may resell their securities in an open market without registration or other sales limits imposed on privately placed securities.... sec.gov; Interesting timing - the Form D and the subsequent price rise. ww p.s. I hypothesized here #reply-9591739 an offering of 114 million shares if the one took a 2-3 cent average closing price discounted by 75%. Since this offerring pre-dated the price run, I am truly curious (200+ million would still put them under the authorized share ceiling) as to how many shares were sold.