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


To: PCModem who wrote (37519)6/6/1999 12:27:00 AM
From: jhild  Read Replies (1) | Respond to of 43774
 
What this means is that there will be very little liquidity available to the affiliates of the PABN/PRWT family of enterprises as a result of their "banking activities". That is assuming of course that they actually can turn a profit on this aspectof the business.

This statement still stands despite your flaccid attempt to assail it. I would think that you were smarter than to say something like this: No statement from the company and no statement from any poster, except you, has suggested such an obviously illegal purpose for PABN to start a thrift.

On second thought . . .

As it turns out, and of course unfortunately for you, John Schmitz has precisely undercut your assertion with these words - Having a thrift on the team provides PanAmerican BanCorp with liquidity and added stability. (See - #reply-9880503)

You might want to inform John of the "illegal purpose" - your words not mine - that he may be intending. It was of course my original point that he was not going to be able to achieve this stated use of thrift net revenue or deposits (aka liquidity for you slow learners), a fact demonstrated by the oaths that all Directors must take, even assuming that an application to form one is accepted or that it were to ever turn a profit. (Given their success in Belize, one has to wonder, doesn't one?)