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Ace,
Things don't always happen like you think they will, but that doesn't mean they won't happen, and that doesn't mean that the end result will not be the same.
Just "chillax" as 4G says, and ignore the goings on this week.
Unless you have more dry powder that is, and in that case, then treat this week as a gift, and any cheap shares you can get, all the better.
Take a few days off and come back on Friday.
Either you know what you've got or you don't.
If you do, there is nothing to be concerned about. Just pinky games.
Soon, we will not have to endure this silliness.
Walk away from your computer if you're watching every tick with anticipation.
Good luck all.
Just like to see new faces.
Anyone but UBSS.
There seems to be an agreement among MMs to let UBSS have their way with this thing for now. Or, at least, for it to appear that way.
If they play their normal game, they will cover, and then load up. Then they will not only let us run, but will push us higher by upticking quickly.
At that point, we're all on the same team.
AUDITED 4th Q Financials - Coming on or before March 15th
4th Q Financials 2006 – Summary – Panamersa
Assets
December 31 2005 $663,036
December 31 2006 $107,327,342
Total Current liabilities
December 31 2005 $519,264
December 31 2006 $8,375
Sales
December 31 2005 $5,350,947
December 31 2006 $46,467,527
Gross Margin
December 31 2005 $184,783
December 31 2006 $27,750,097
Net Income
December 31 2005 $17,111
December 31 2006 $27,396,406 ($21.6 Million of which was generated in the 4th Q alone - a full 78%) - If the 4 Quarters of 2007 show any growth at all, we will make over $100 Million in 2007
Income Per share
December 31 2005 0.0000
December 31 2006 0.0036
Shares Outstanding
December 31 2005 7,629,010,600
December 31 2006 7,629,010,600
Net Cash from operating activities
December 31 2005 $17,111
December 31 2006 $27,401,800
Proceeds from issuance of stock
December 31 2005 $412,690
December 31 2006 0
-----------------
PANAMERSA Corporation/PayPro Inc. Fourth Quarter Net Earnings Up 545 Percent Over Third Quarter
PANAMERSA Corporation/PayPro Inc. (PINKSHEETS: PYPR) released their fourth quarter financials today and posted net earnings up 545% over third quarter net earnings for 2006. Actual net earnings for fourth quarter exceeded projections of a 400 percent increase announced December 11, 2006.
"We are excited about the steady rate at which we continue to grow," said Mike Terrell, President of PANAMERSA Corporation/PayPro Inc. "I expect to see this trend increase even more now that we have our foundation solidified and are just starting to execute our business plan. I am extremely pleased to be a part of the amazing grouping of companies that PANAMERSA holds."
Fourth quarter net earnings were $21.6 million verses third quarter net earnings of $3.9 million, with annual revenues of $46.4 million and year end net profits of $27.4 million.
"While we are happy to see these numbers, we are committed to becoming a fully reporting company on our way to becoming a NASDAQ listed company," added Terrell.
PANAMERSA Corporation (PNMS) Announces Fourth Quarter Audit Almost Complete
DALLAS, TX and PANAMA CITY, PANAMA - (MARKET WIRE) - February 22, 2007—PANAMERSA Corporation (PINKSHEETS: PNMS) in an effort to qualify for the OTCBB will release Audited Fourth Quarter Financials of its off shore companies on March 15th confirming the increases in earnings and cash flow, CEO Mike Terrell announced today.
“We know our numbers are strong and I would like for investors to feel confident in their decision to invest with us as a holdings company,” said Terrell. “This audit will confirm the amounts PANAMERSA Corporation holds in the bank, while also putting any questions about earnings released last week to rest.”
Fourth quarter earnings for 2006, released earlier this month, show posted net earnings over third quarter 2006 at an increase of 545 percent. Annual revenues rose to $46.4 million and year-end net profits showed $27.4 million. Released numbers also reflect PANAMERSA Corporation’s acquisitions producing and receivables current.
All 2006 numbers derived offshore will be certified with financial institutions in Latin America, where PANAMERSA Corporation derived the majority of their profits. Monies that PANAMERSA Corporation holds in Latin America, including a sum of $19,888,475.00 will also be certified.
“I will be in Panama next week to ensure that the numbers we present to our investors are certified and delivered from an unbiased source,” said Terrell. “Certified Audit documents will be available on our Web site no later than March 15th 2007.”
Good to see DOMS on the bid today.
Would like to start seeing more MMs show up to indicate some institutional buying.
Foreigners Invest More in Panama
Panama, Feb 21 (Prensa Latina) Panama got more than 2.4 billion dollars last year through foreign investment, more than twice that of 2005, Panamanian Ministry of Trade and Industry reported on Wednesday.
Julio Fabrega, director of Investment Promotion in the Ministry said the gains were made by virtue of the government plan to attract investments by focusing on tourism, transportation, logistics, agriculture and sea resources.
He considers that the expansion of the Panama Canal will allow great investments from several countries, mainly the US and Europe.
The Panamanian economy has had high economic growth in recent years, due to construction and real estate development, the Panama Canal and the banking sector.
The Ministry of Economy and Finance announced some days ago that for the first time, the non-financial public sector achieved a profit of 88 million dollars in 2006.
Nevertheless, despite the growth of the Panamanian GDP, nearly 40 percent of Panamanians live in poverty.
http://www.plenglish.com/Article.asp?ID=%7B8BD07DE7-CF50-473E-8932-C18B954C55DF%7D&language=EN
Nice find.
Coming together.
Don't judge by today.
IMO, this is what they're trying to get people to think.
"AUDITED fins and the price doesn't move?????"
Someone already posted that they have been trying to get sold at .0027 for three hours - and that was when the ask was at .0028 (bid was .0022 i think)
I don't think there are many sellers down here, but UBSS doesn't want it to climb, so they are not upticking. They are betting that this stale appearance will convince holders that maybe they should sell now.
Hey, it works. We are all wondering what's happening. Right?
I know some think manipulation is out of the question, but the proof will be in the pudding.
Choose your risk/reward and place your bets.
BTW, i agree that share restructuring would be huge.
It will happen in one form or another.
pier to pier games??
or
peer to peer games??
could be an Anteeguh thing?
or an Antigua thing?
---
who cares... Go PeeHellWhySeeEff!!!
or
PLYCF!!!
It's ok 4G.... happens to all of us.
It's difficult babysitting those who won't do any work, but still want to get respect. There are those here with evil motives, but as long as they play by the rules, we must live with them.
Too bad, though.
Hang tight all.
PATIENCE all.
This is not normal, and is an intended tactic to cause fear.
The numbers you are seeing are not real, and there is little hope that you could buy at the levels that are being shown.
Sit tight, be right.
Any new word on the Atrade sitch?
Do we have any other confirmation that the ball is in our court?
Correct me if i'm wrong, but i think when they get the PDR trading platform online, that will open "virtual" trading of shares via PDRs to anyone in the world, as long as they become members of the foundation.
4G? Comments?
Only 13 Trading Days left until AUDITED Financials!!
GM all.
That would be nice.
I feel that the biggest reason PNMS is being ingnored by many investors and swing traders is that they fundamentally misunderstand the OS/float.
This is an unusual situation, and most serious traders are trained to look at the OS, and when they see 7.6 B or 5.6 B - they're eyes bulge out and they move on. Imagine how they reacted when it was 10 B!
And, traders have long memories. Once they make a decision that a stock is out, it takes a lot to get them to revisit and reexamine - as there are many other fish in the sea.
Heck, they don't even post our PRs on the momo boards anymore (OTC Alerts, MOMO, RIGS, etc....) I know, cause I've looked after the last one or two. I think we've been dismissed as a serious stock by some for that reason only. This will most likely continue until we move up to the OTC, unless there is a concerted effort to court the investors who have previously written us off.
MT is doing a great job of delivering what he promised, but I agree with you Daddy that making an effort to increase a common shareholders understanding of our share structure would be a big step.
Perhaps they could differentiate the public shares from those being held specifically to back the PDRs (restricted?)
To all:
Please remember to take all posts on this board with a grain of salt, whether they are positive or negative.
DO YOUR OWN DD, and then decide for yourself what your risk/reward ratio is.
GLTA
lol,
thanks mods.
Ouch.
I bet someone out there's eyes lit up when they saw that block come up on a market order.
Sorry to hear that FTG.
Hope you're able to get back in if you choose.
And, it's just a coincidence that 95% of the time over the past week, UBSS has been all alone on the BID and the ASK while other MMs sit back.
The BID and ASK swing wildly up and down at UBSSs whims.
Take a look at PLYCF for the past two days. They were manipulated for months, and starting yesterday, for whatever reason, it got away and started running.
It's real, whether you believe it or not.
OT: and not for kids - PG-13
Figured we might could use a laugh, and since MT is a proud TEXAN:
(I saw this on another board yesterday, you may have seen it before)
Texas Chili Contest -----------------------------
If you can read this whole story without laughing then there's no hope
for you. I was crying by the end. Note: Please take time to read this
slowly. If you pay attention to the first two judges, the reaction of
the third judge is even better.
For those of you who have lived in Texas, you know how true this is. They actually have a Chili Cook-off
about the time Halloween comes around. It takes up a major portion of a
parking lot at the San Antonio City Park. Judge ..3 was an inexperienced
Chili taster named Frank, who was visiting from Springfield, IL.
Frank: "Recently, I was honored to be selected as a judge at a chili
cook-off. The original person called in sick at the last moment and I
happened to be standing there at the judge's table asking for
directions to the Coors Light truck, when the call came in. I was
assured by the other two judges (Native Texans) that the chili wouldn't
be all that spicy and, besides, they told me I could have free beer
during the tasting, so I accepted".
Here are the scorecard notes from the event:
CHILI .. 1 - MIKE'S MANIAC MONSTER CHILI...
Judge .. 1 -- A little too heavy on the tomato. Amusing kick.
Judge .. 2 -- Nice, smooth tomato flavor. Very mild.
Judge .. 3 (Frank) -- Holy shit, what the hell is this stuff? You could
remove dried paint from your driveway. Took me two beers to put the
flames out. I hope that's the worst one. These Texans are crazy.
CHILI .. 2 - AUSTIN'S AFTERBURNER CHILI...
Judge .. 1 -- Smoky, with a hint of pork. Slight jalapeno tang.
Judge .. 2 -- Exciting BBQ flavor, needs more peppers to be taken
seriously.
Judge .. 3 -- Keep this out of the reach of children. I'm not sure what
I'm supposed to taste besides pain. I had to wave off two people who
wanted to give me the Heimlich maneuver. ! They had to rush in more beer
when they saw the look on my face.
CHILI .. 3 - FRED'S FAMOUS BURN DOWN THE BARN CHILI...
Judge .. 1 -- Excellent firehouse chili. Great kick.
Judge .. 2 -- A bit salty, good use of peppers.
Judge .. 3 -- Call the EPA. I've located a uranium spill. My nose feels
like I have been snorting Drano. Everyone knows the routine by now. Get
me more beer before I ignite. Barmaid pounded me on the back, now my
backbone is in the front part of my chest. I'm getting shit-faced from
all of the beer.
CHILI .. 4 - BUBBA'S BLACK MAGIC...
Judge .. 1 -- Black bean chili with almost no spice. Disappointing.
Judge .. 2 -- Hint of lime in the black beans. Good side dish for fish or
other mild foods, not much of a chili.
Judge .. 3 -- I felt something scraping across my tongue, but was unable
to taste it. Is it possible to burn out taste buds? Sally, the beermaid,
was standing behind me with fresh refills. That 300-LB woman is starting
to look HOT...just like this nuclear waste I'm eating! Is chili an
aphrodisiac?
CHILI .. 5 LISA'S LEGAL LIP REMOVER...
Judge .. 1 -- Meaty, strong chili. Cayenne peppers freshly ground, adding
considerable kick. Very impressive.
Judge .. 2 -- Chili using shredded beef, could use more tomato. Must
admit the cayenne peppers make a strong statement.
Judge .. 3 -- My ears are ringing, sweat is pouring off my forehead and I
can no longer focus my eyes. I farted and four people behind me needed
paramedics. The contestant seemed offended when I told her that her
chili had given me brain damage. Sally saved my tongue from bleeding by
pouring beer directly on it from the pitcher. I wonder if I'm burning my
lips off. It really pisses me off that the other judges asked me to stop
screaming. Screw those rednecks.
CHILI .. 6 - VERA'S VERY VEGETARIAN VARIETY...
Judge .. 1 -- Thin yet bold veg! etarian variety chili. Good balance of
spices and peppers.
Judge .. 2 -- The best yet. Aggressive use of peppers, onions, and
garlic. Superb.
Judge .. 3 -- My intestines are now a straight pipe filled with gaseous,
sulfuric flames. I shit on myself when I farted and I'm worried it will
eat through the chair. No one seems inclined to stand behind me except
that Sally. Can't feel my lips anymore. I need to wipe my ass with a
snow cone.
CHILI .. 7 - SUSAN'S SCREAMING SENSATION CHILI...
Judge .. 1 -- A mediocre chili with too much reliance on canned peppers.
Judge .. 2 -- Ho hum, tastes as if the chef literally threw in a can of
chili peppers at the last moment. **I should take note that I am worried
about Judge .. 3. He appears to be in a bit of distress as he is cursing
uncontrollably.
Judge .. 3 -- You could put a grenade in my mouth, pull the pin, and I
wouldn't feel a thing. I've lost sight in one eye, and the world sounds
like it is made of rushing water. My shirt is covered with chili, which
slid unnoticed out of my mouth. My pants are full of lava to match my
shirt. At least during the autopsy, they'll know what killed me. I've
decided to stop breathing it's too painful. Screw it; I'm not getting
any oxygen anyway. If I need air, I'll just suck it in through the
4-inch hole in my stomach.
CHILI .. 8 - BIG TOM'S TOENAIL CURLING CHILI...
Judge .. 1 -- The perfect ending, this is a nice blend chili. Not too
bold but spicy enough to declare its existence.
Judge .. 2 -- This final entry is a good, balanced chili. Neither mild
nor hot. Sorry to see that most of it was lost when Judge ..3 farted,
passed out, fell over and pulled the chili pot down on top of himself.
Not sure if he's going to make it. poor feller, wonder how he'd have
reacted to really hot chili?
Judge .. 3 - No Report
Atrade's "special client" must be almost covered...
Up we go!
Exactly my thoughts.
#3 most read board on Ihub today, and MT doesn't need all those people bombarding the auditing firm with emails, which if they don't answer.. many will call foul!
SPAMMER!
NO - no.
If UPTICK called you a Pumper, you must be one.
Trust him - he knows.
He is able with his keen sense to separate pumpers from enthusiastic speculators from a mile away.
Don't you know, 95% of us are pumpers or bashers.
or....
Perhaps we are all taking an active interest in our investment, and are constantly seeking new information that helps us determine where to go with that investment in the future. And is it possible that, since most likely no one else in our physical circle of friends knows what a Panamersa is, that we assemble on a discussion board to trade our thoughts on what the future may hold. And is it possible, that during those discussions, we may put forth optimistic views about what our investment may hold??
NO!!!! WE ARE PUMPERS AND BASHERS - 95% OF US!!!
Can't you hear him?? He's yelling!!!!
REPOST - NEWS - PANAMERSA Corporation
PANAMERSA Corporation (PNMS) Announces Fourth Quarter Audit Almost Complete
Market Wire "US Press Releases "
DALLAS, TX and PANAMA CITY, PANAMA -- (MARKET WIRE) -- 02/22/07 -- PANAMERSA Corporation (PINKSHEETS: PNMS) in an effort to qualify for the OTCBB will release Audited Fourth Quarter Financials of its off shore companies on March 15th confirming the increases in earnings and cash flow, CEO Mike Terrell announced today.
"We know our numbers are strong and I would like for investors to feel confident in their decision to invest with us as a holdings company," said Terrell. "This audit will confirm the amounts PANAMERSA Corporation holds in the bank, while also putting any questions about earnings released last week to rest."
Fourth quarter earnings for 2006, released earlier this month, show posted net earnings over third quarter 2006 at an increase of 545 percent. Annual revenues rose to $46.4 million and year-end net profits showed $27.4 million. Released numbers also reflect PANAMERSA Corporation's acquisitions producing and receivables current.
All 2006 numbers derived offshore will be certified with financial institutions in Latin America, where PANAMERSA Corporation derived the majority of their profits. Monies that PANAMERSA Corporation holds in Latin America, including a sum of $19,888,475.00 will also be certified.
"I will be in Panama next week to ensure that the numbers we present to our investors are certified and delivered from an unbiased source," said Terrell. "Certified Audit documents will be available on our Web site no later than March 15th 2007."
PANAMERSA Corporation (PINKSHEETS: PNMS) is a holding company for a group of business enterprises which promotes the commercial integration of Latin America into the economic development of the Western Hemisphere. PANAMERSA Corporation is engaged in global e-commerce and e-biz solutions offering interactive e-commerce and e-biz programs in addition to a range of goods and services online including: prepaid Debit cards; e-commerce merchant accounts; life insurance policies, gold transactions; telephony services, text messaging, VoIP, MicroForests properties, real estate investment participations, fixed and variable income real estate properties in Costa Rica and Panama, offshore financial services, asset management and protection; travel services, leisure, business, health, relocation services, and digital marketing services.
Forward-looking statements are not historical facts as "forward-looking statements" defined in the Private Securities Litigation Reform of 1995. Forward-looking statements are not guarantees of future performance. Our forward-looking statements are the result of profound analysis on trends in our globalizing economies that we anticipate in our industry. It is our good faith vision and estimate of the effect on the globalization, integration and electronic business trends will have on our company. Our statements are also subject to risks and uncertainties beyond our reasonable control that could cause the results of operations to differ materially from those reflected in our forward-looking statements.
Contact:
Mike Terrell
214-774-4870
ir@panamersa.com
NITE and UBSS elbowing to get shares!
UBSS owns PNMS right now.
A-trade - A-trade!!!!
Let my people go!!!
YEEEEEEEHAAAAAAAAWWWW!!!
Confirmed that the company is paying attention, and is now starting to hit on all cylinders in regard to keeping the public and investors updated in a timely manner.
Ladies and Gentleman -
We are golden.
That's what i got out of it.
Perhaps they will set up a PNMS discussion forum on their own website/servers?
That could be cool.
Classic.
Sent to all my Texas relatives.
WSJ Article on Panama
A Booming Panama City Awaits Noriega's Return
How American retirees -- and a canal makeover -- are transforming the capital
By JOSÉ DE CÓRDOBA
February 17, 2007; Page P1
PANAMA CITY, Panama -- When Gen. Manuel Antonio Noriega gets back to this lush tropical city after a 17-year absence, the former Panamanian strongman will scarcely recognize his old haunts. I barely did.
Makeover: Balboa Avenue, Panama City
The news that Mr. Noriega plans to come back to Panama in September after spending nearly two decades in a U.S. prison since being deposed in a 1989 invasion, is the talk of the town. His return has momentarily eclipsed the other omnipresent subject of conversation here -- the real-estate boom fueled in part by American retirees, which has turned this once laid-back city, known as a refuge for spies, arms dealers and out-of-work dictators, into an enormous building site with a Manhattan-like skyline in the making.
Good times are expected to keep rolling: The country's famous canal is about to get a multibillion-dollar makeover, and a chunk of its down-and-out colonial city center is getting a facelift.
Landing here recently for the first time in many years, I recalled Mr. Noriega's last day in Panama, which I covered for The Wall Street Journal. That day, I spent hours waiting for Mr. Noriega to come out of the Vatican embassy, where he had taken refuge from U.S. troops. Days earlier, soldiers had blared ear-splitting rock from sunup to sunset to drive Mr. Noriega out of his refuge, but to no avail. I still remember some of the rather pointed musical jabs -- Jimi Hendrix's electrifying version of "The Star Spangled Banner" and Elvis Presley's "Jailhouse Rock."
TRIP PLANNER: PANAMA CITY
See where to stay and what to do in Panama's capital city.Inside, the late Msgr. Jose Sebastian Laboa, who once held the job of devil's advocate in the Vatican -- arguing the canonical case against candidates for sainthood -- used his lawyerly skills to convince Mr. Noriega to surrender. Mr. Noriega, with his acne-scarred face, made a perfect villain, the type of tyrant the U.S. at first loves to use, and then loves to hate. After three days of loud music and 11 days of artful persuasion, Mr. Noriega walked out into the waiting arms of U.S. anti-drug agents and on to an eventual U.S. trial and conviction on drug-trafficking charges (if he does return to Panama, authorities have said they will put him on trial for murder).
In his Miami prison suite, Mr. Noriega became a born-again Christian. In his absence, Panama City has also experienced a rebirth of sorts. The place teems with hip new restaurants and salsa joints. New beach and eco-friendly jungle hotels are nearby and ground has been broken on a long-planned biodiversity museum by renowned architect Frank Gehry.
The Panama Canal
The rebirth is partly the result of another U.S. invasion -- this time by the advance guard of baby-boomer retirees who have landed on Panama City's shores. Not only are the Americans here. So are the Canadians and Europeans. Venezuelans, one step ahead of the installation of fiery President Hugo Chávez's version of "21st-century socialism," are arriving in growing numbers.
Another factor in the remaking of the city was last year's vote via national referendum to go forward with a $5.2 billion government-funded project to widen the Panama Canal a few miles from the city center. A third set of locks, which will allow larger vessels to go through the waterway, is expected to be completed by 2015. Panamanians are betting the canal's expansion will boost other related businesses such as insurance and financial services, and help maintain growth rates of about 7%.
The canal has been central to Panama's history -- and its sometimes turbulent relations with the U.S. In 1903, President Theodore Roosevelt more or less carved out an independent Panama from Colombia in return for control of a 10-mile swath of Panamanian territory cutting through the middle of the country where the canal was built. U.S. control of the "Zone" fed Panamanian nationalism, leading to bloody riots in 1964. After thorny negotiations, the U.S. finally turned over total control of the canal to Panama in 2000.
Change is even making a dent in Panama City's slummy colonial city center, once the domain of prostitutes, pimps and pickpockets. Years ago, even looking at the fetid, jam-packed, crumbling buildings of the old city made one feel in danger of contracting the yellow fever that mowed down thousands of canal workers in the 1880s. There's still work to be done, but private and public money is being used to clean up some streets and a couple of squares are now home to trendy eateries.
The Bristol Hotel
Many Panamanians appear happy with the way their city and country are going. Carlos Weil, a former Swiss currency trader turned Panamanian art dealer who has six passports, says the country is attracting people from all over the world. Half his clients are now foreign, boosting his prices and expanding his market. Foreigners have brought with them lots of new restaurants -- and even the city's first serious bookstores.
From colonial times, when the city was a key transit point for the transport of gold and silver from the mines of Peru to imperial Spain, commerce has always been Panama's driving force. The loot then woke the greed of famed pirate Sir Henry Morgan, who sacked the city in 1671. The ghostly ruins of that first Panama City can still be seen a couple of miles from downtown.
One of the world's largest offshore banking centers, Panama still attracts its share of pirates and flim-flam men. My all-time favorite for sheer verve and virtuosity was Lloyd S. Rubin, a Jackie Gleason look-alike widely admired here as the king of the upfront-fee scam. For years, Mr. Rubin lured hundreds of would-be entrepreneurs to Panama where he relieved them of millions of dollars by charging exorbitant fees in exchange for promises to provide investment funds that never materialized.
The Bay of Panama
In 1991, I wrote about Mr. Rubin in The Wall Street Journal. The following year, a notice appeared in local newspapers announcing Mr. Rubin's untimely death in Thailand. Three years later, Mr. Rubin rose from the dead. He surfaced in Ecuador, with an alias, Carlos Campbell De Cordoba, a name I felt almost turned him into a long-lost cousin. He was returned to the U.S. where he pled guilty in Georgia to fraud charges to do with his Panama scheme, and spent some time in prison. (Mr. Rubin now runs an art gallery here.)
Panama has historically been a refuge for deposed autocrats and disgraced politicians. After Iran's Shah of Shahs lost his Peacock Throne, he lived for a few months on nearby Contadora island. Haiti's strongman, Gen. Raoul Cedras, a diving enthusiast, found refuge here after the U.S. knocked him out of the box in 1994. And in 1997, Ecuador's President Abdala "El Loco" Bucaram ended up here after the congress dismissed him from office for living up to his nickname. Mr. Bucaram, who insisted I was an agent for the Central Intelligence Agency in my one interview with him, is said to be a habitué of the city's casinos, but I've never spotted him among the one-armed bandits.
A statue of Balboa
I'm happy to say that my favorite bar, El Pavo Real, or the Peacock -- billed as Panama's only British pub -- is still around. The Pavo Real was Panama's version of Rick's Café from "Casablanca," a place where gun runners, drug pilots and one of my best sources -- a Cambridge-educated insect exterminator who was also an acute social critic -- got together for drinks. The late prima ballerina Dame Margot Fonteyn, who was married to a Panamanian politician, would drop in for lunch. So did more recently John le Carré -- in town to write "The Tailor of Panama," his remake of Graham Greene's "Our Man in Havana."
Casco Antiguo
Old Panama City had a cozy, almost familial air to it. Anybody who was anybody was related by blood or marriage. That was brought home forcefully to me on my first visit to the country. I was covering the 1987 riots that eventually led to Mr. Noriega's downfall, when unbeknownst to me, my future father-in-law, the deputy administrator of the Panama Canal and a man proud of his Sicilian bloodline, asked Panamanian and U.S. military police to give me some rough treatment.
For reasons too complicated to go into here, he thought -- mistakenly -- that I hadn't done the honorable thing by his daughter, a diplomat in Miami whom I had recently met. To set things right, he wanted the police forces to find me in the chaos of tear gas and flying rocks and give me a light work-over to teach me a lesson in proper etiquette. Luckily, the forces were busy with more important things. I married his daughter shortly afterwards, and now get along famously with her father.
That small-town feeling -- where such favors are asked and granted -- is fading fast.
Write to José de Córdoba at jose.decordoba@wsj.com
LOL... That's really funny coming from you.
Remarkable sense of sarcasm you have.
BTW..
Welcome back 4G. Good to see you.
I'm outta this day care.
Be back when the men show up again.
Shoulda followed FTG out.
Quite an accusation.
any particular reason you think this?
oh, we forgot, you're smarter than everyone else. Right?
Single handed UBSS walk-down.
To not be able to see the manipulation here is crazy.
yes, flippers flip, and take profit, but when it is so obviously one MM on the bid and ask - lowering the ask after it has been smacked several times - over and over.
I think there is something to the theory that Atrade is about to open up and is manipulating to kill two birds with one stone
- get more cheap shares to help whichever offshore hedge cover
- allay complaints from their customers about not being able to avg. down because of the restriction. I just hope they don't aim to take it all the way back down to .001
Or...
if i can bring in more powda in time, maybe i do wish for .001
It's only a matter of time with this one boys and girls.
They're not retail, i don't think.
So, someone hired them to buy shares today - someone institutional.
Their website is down now, but Google cached pages returned this:
"WM. V. Frankel & Co., Incorporated located in Jersey City, NJ was founded in 1953. A self clearing member of the National Securities Clearing Corp. Frankel is a member of the NASD and SIPC.
Frankel makes markets in NASDAQTM , OTC Bulletin Board and Pink Sheet securities under the trading symbol, FRAN. Frankel is currently a market maker in over 4000 securities. Along with the market, Frankel is both growing and changing to meet our client's need. We have increased the size of our trading force along with our trading systems to lead the market into the new century.
Frankel's compliance department focuses on the ever-changing rules and regulations of the industry to assist both traders and customers with their needs and questions."
Fundamentals will prevail!!
eXactly.
No way to know for sure, but
FRAN - new MM (or unusual at least) - steps in suddenly and buys a million or so on the bid and then closes. Now it looks like he's logged back in as of 11:42, but without a bid.
Just keep an eye on him, i guess.
from the company's standpoint, they have already PR'd the buyback, but should probably wait until they're well into it before PRing the beginning.
MT once mentioned that they would keep us updated via the blog.