Tuesday, October 14, 2008
Important information to all Pan Americans without frontiers…
I will never forget this day as it is a sad day in our quest for the commercial integration of Our America.
Almost thirty days ago the World changed forever when the capital markets began a global meltdown and as of today it continues as a complete overhaul and restructuring to protect all the affected people. We at Grupo PANAMERSA and the PANAMERSA movement have also been a target of our own inadequacies and poor management to say the least. I am very sorry to announce that Fundacion Pan America “FUNDAPAN” has begun the necessary legal steps to intervene administratively the PDR Exchange (Panama), Inc., today known as PDREX.COM Sociedad Anonima, in order to investigative and audit its operations, and to find out about complaints for non-performing and other compliance issues.
The President and CEO of PDREX.com, Sociedad Anonima, Micheal Scott Terrell, “MST”, will be temporally suspended to facilitate this operation. MST has been asked for all documentary information such as: safekeeping, conveyance contracts, back office accounting and Bank statements for the Deposit Credit Corporation, a legal depository entity for FUNDAPAN, in America II; all this without compromising protected information. Mr. Terrell is fully cooperating and has our full support and we are assuming no wrongdoing until proven otherwise. The PDRex has operated independently from the rest of PANAMERSA and it is a Beneficiary of FUNDAPAN. All members will be fully advised of this operation and the results. A special email has been set up for information:
protector@fundacion-panamerica.com
Grupo PANAMERSA will continue with its business plan and philosophies. PANAMERSA is located in San Jose, Costa Rica, a naturally neutral country that is not affected by the wintry extremes or the occasional political tantrums at either end of the hemisphere.
We Pan Americans, as a whole, make up PANAMERSA. We need only listen to our own collective inner voices. Those natural voices are telling us that we can create a new climate in which human needs and values can be nurtured one more time: a Pan American society that supports the western hemisphere family as the mainstay of the world community; a responsible society that values excellence and the common good over greed and power; a caring society that promotes decency and reciprocity in our relations with others and encourages the individual to make a connection with something larger that one’s own life.
We are sorry to have to take this action but we will overcome.
Pedro Borges Fiol
Grupo PANAMERSA
- PAN News Network -
