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I tried to get some info from the T/A and apparently they are gagged? Anyone know if this is true?
After re-reading the latest blog.... this part gets to me.
"As our previous press release stated, PANAMERSA Corporation has begun to buy shares back, and we are targeting shares held in cert form. Once we have the number of shares in certs equal to the O/S, I will declare the remaining shares (shorted) in the system as bogus."
Basically what I think he is saying is that they are considering any shares sent in and converted into PDR's being bought back? So they are trying to buy back shares without spending any money? You get your certs from your broker and send them in for a PDR which costs PNMS nothing. At least for 1 to 2 years and they are rolling the dice that PNMS will be trading above those levels so that when you sell the PDR or convert them back it again cost them no money. This will only cost the company money if after the 1 or 2 years the price is still sub penny and they have to cough up the guaranteed price of either .02 or .04 cents. It's the slight of hand magic tricks that are causing people to loss faith. Call a spade a spade and stop trying to hypnotize people into believing one thing when it is another. In my eyes... a share isn't truly bought back unless the company buys it with cold hard cash. Or am I just interpreting this statement wrong? Or does that statement say/mean they are doing two separate things at once. Buying shares with cold hard cash and targeting shares held in cert form by converting them into PDR's, effectively reducing the float 2 ways at the same time?
I'm confused and need clarity lol :)
New blog post!
CEO Update 3-21-07
March 21st, 2007
Good morning loyal shareholders, potential shareholders and all of the Pan Americans of Regions I, II, III and IV who have been true to the cause.
I would like to start with an apology to those shareholders who expected to see the certified totals Monday. I take 100 percent responsibility for them not being here. I alone am to blame because I did not allow enough time for all of the proper channels and items to be completed. There, of course, were other circumstances involved, but that is irrelevant. The fact remains, what was promised was not delivered, and I am the one to blame.
The reasons for being involved in any company are based on performance of the company, potential and leadership. Investing based on these reasons keeps shareholders from acting in haste based on misinformation. I am asking you now to not run with the stampeding herd right off a cliff, speak with your brokers and make informed decisions based on your personal needs, not the posts of others on message boards.
I am not writing this to split hairs, or change the definition of the word is. I am writing this to tell you that I screwed up and want to own up to my mistakes. I miscalculated the length of time it would take to receive the certified document which confirms the totals in my hand to post on the Web site.
When we posted the financials in February I certified them; I signed them and I stand by them. The length of time it takes to get the official certification back from Panama will not change the facts or the numbers listed in the documents. As always, I will do what I can to help make this right for the shareholders. The fact is, for me it is not about the money, made apparent by the fact that I have not taken a salary in more than a year. PANAMERSA Corporation is about seeing where we are as a nation; it is about seeing our neighbors as what they truly are. They are Pan Americans just like you and me. They have families just like you and me, they have integrity, they have a dream of making our hemisphere and the world a better place, They have the same global warming problem as we do, they breath the same air we do, they are just like us. They are our brothers and fellow Pan Americans.
I will not stand for the unflattering remarks about my partners, associates and fellow Pan Americans that have been posted on sites or sent to me via e-mail. I have in my life worn many hats and worked with many different people. That said, I have never worked with a stronger group of honest men of their word. Those involved with PANAMERSA Corporation have integrity and are working diligently to do whatever needs to be done to set everything right.
Some have questioned these loyal supporters intelligence for buying shares at $0.04. I have not heard one complaint from them, in fact, I have had their full backing and support. They are from Pan America, they live there and work there and the reason they bought in at a higher PPS was because they had real shares and felt they were worth it.
As our previous press release stated, PANAMERSA Corporation has begun to buy shares back, and we are targeting shares held in cert form. Once we have the number of shares in certs equal to the O/S, I will declare the remaining shares (shorted) in the system as bogus.
As promised, I will release more details on the $0.02 and $0.04, one year and two year price guarantees as they become available. As far as the certification letter and accompanying documents are concerned, I will personally post them when I have received them in full. As I am sure you will understand, I will not be setting a date for when the financials will be posted; I will only confirm that they will be posted as soon as they are received by PANAMERSA Corporation. This should only be a few days delay, however, I can say with complete certainty they will reflect the same numbers I gave to you as certified on February 15, 2007.
Mike Terrell
CEO PANAMERSA Corporation
And remember, most of these issues didn't come up until after the Jan 17th announcement that Pedro and his Panamanian Corporation was taking over. Obviously that changes things when you have a change in who and how a corporation is being run. There is bound to be a few bumps in the road while getting this all worked out. JMHO
Bravo!!!! :)
Personally, I like it when they address the shareholders first via the blog and then PR the news.
But the way I look at the first one is that they said they would buy back with in the next 12 months so until 1 year passes from that first PR, I don't consider it misleading or a lie. But that is just me.
"How come MT doesn't PR this news? It's huge and not everyone read or know his blog!!"
Maybe that is yet to come, in a PR, later today for the rest of the world lol?
"LOL, when are they gonna buyback shares, as they've promised in writing, not once, but twice."
Question I have is how will we know when they have started buying shares?
Even if it does come down to PNMS not being able to file AF's do to their Panama situation, they can still always file unaudited which is better then nothing in my book. Since I firmly believe at this point in what they have reported to date.
Those pulling from TDAM... when it comes time or you decide to redeposit with an American brokerage, hopefully you won't redeposit them with TDAM.
Panamersa Blog
A blog by Panamersa CEO Mike Terrell
Shares/PDR/Fundacion Update
March 19th, 2007
I am still in Panama with much to do but I wanted to take a few minutes and see if I could simplify this whole process of shares/PDRs/Fundacion
First let’s start with the Fundacion Pan America
The Fundacion is a Depository
Its only job is to hold and protect assets for its beneficiaries
The Fundacion does not invest your money, PDRs, gold etc
It does what you tell it to do as the beneficial owner
All the assets you deposit into the Fundacion which may be in cash, gold, PDRs, stock, etc are stored or deposited into the HSBC Bank in Panama I believe HSBC is the second largest bank in the world.
When you make a deposit into your local bank they give you a receipt
When you place an asset into a depository you get a receipt
Since the name of the depository is Fundacion Pan America
Then the receipt would be called a Pan American Depository Receipt (PDR)
So when you deposit your Certificate/shares into the Fundacion you get a receipt. The PDR will have a description of the asset you placed in the Fundacion be it cash or stock
The stock is always yours you can sell it at anytime you so choose.
The share price guarantee is nothing but a guaranteed floor so you know if the shares never go up the whole first year you have $0.02 locked in. On the other hand it has never been my intention to remove your liquidity. If you are holding PDRs and they start selling for 500.00 each you have my blessing to sell your PDRs and take the money at any given moment. Or not, your choice.
The software to trade PDRs is being beta tested as we speak and I feel will be ready to roll out sometime next week. What does that mean to you? It means you will have a system where you are your own broker you decide your ask and you decide your bid.
When you buy you pay a commission of $10 regardless of the size of the buy.
When you sell you pay a commission of $10 regardless of the size of the sale.
Your cash account must have sufficient funds to execute the buy so if you do not nhave funds in your account they must be wired to HSBC/Fundacion/your account #
You can only sell PDRs in your account and the instant the sale is executed your cash balance will reflect instantly the money earned from the sale.
Your cash account is 100% liquid at all times and you may request disbursements, wires or in person withdrawals by requesting it online.
At all times the shares you conveyed to the Fundacion are safely stored in HSBC’s vault
The shares you conveyed can only be removed under the following conditions
1. You request them or2. You have sold them and the new owner wants them
The important thing to understand. Soon there will be beneficiaries from every continent on earth. They will have the ability to buy or sell PDRs 24 hours a day 7 days a week from anywhere in the world. They will have for the first time a system that delivers Product (PDR) s and collects money instantly. A system impossible to short. A system each and every beneficiary has a level playing field. A system where each trader has complete Anonymity.
I would like to stress to each of the Current and future PANAMERSA Corporation shareholders.
This is the future. This is the beginning of a movement. A movement that is Global in scope giving any natural person, legal entity, or government who is a beneficiary of the Fundacion the ability to be a part of the huge growth coming to the Latin American region.
Location no longer matters, status or a front row seat at the feeding trough are not needed, you no longer have to play in a rigged game.
This movement ends that. We are essentially taking our ball and going somewhere else to play. I don’t think any of us enjoy or want to continue to be robbed. We just want a system that is fair. Give me fair and let the chips fall where they may.
So shareholders I am not saying it is now or never. I am saying that is where we are going. I am not saying to get the guarantee you have to go now. I am saying take your time ask questions see how the software works. If you believe you can make a better income in the present system, then stay. But when you see PDRs trading with a higher pps day in and day out and night in and night out and weekends too. It will start to make sense. It will not be long until beneficiaries from all over the world will be buying PDRs.
I’d love to see all of our shareholders be in that run with no one manipulating the price.
Remember it is your football
If where you are now won’t let you buy remember you may be the little guy but it’s still your football. If you ask for your ball they have to give it to you. There is no game without a ball.
So don’t wait too long to get your cert. out of the current system there may only be counterfeit ones left.
At least with a PDR you know they are backed by real shares because you put them there.
Mike Terrell
CEO PANAMERSA Corporation
I wonder which broker that would be hummmmmmmm take one guess roflmao :)
Which translates into the ability to move forward with AF's and up listing. JMHO
And PNMS is the offshore accounts right?
I want to know if MT is going to convert his 500 million shares into PDR's.
And now that you've been released from forum prison roflmao. Just what are thoughts on the latest situation PR'd on Friday? Plus any updated DD you have to report would be greatly appreciated. :)
I don't think that is what he actually said. What I read was that he can't report the finances for Pan America Sociedad Anonima (MMVII) PANAMERSA, a Panamanian Corporation. But he is going to post the documents that prove the finances for PNMS, the American Corporation by Monday. I didn't read anything that said he can't report finances on his company.
I am with Etrade and have no problems with buying PNMS.
Remember this?
Letter from Pedro Borges Fiol, MBA. President, (MMVII) PANAMERSA
Effective 17th January 2007, Pan America Sociedad Anonima (MMVII) PANAMERSA, a Panamanian Corporation, will become the operating unit for all PANAMERSA legal entities, united in the common goal of promoting for profit the commercial integration of Latin America into the economic development of Pan America (the Western Hemisphere) and the rest of the world, while protecting our Forests, Flora, Fauna & Water resources.
Maybe the fact that Pedro and Pan America Sociedad Anonima (MMVII) PANAMERSA, a Panamanian Corporation just took over control of the whole PNMS show explains part of it. And I still think that PNMS can and will report AF's for the American Corporation subsidiary but won't be reporting the financials for the Pan America Sociedad Anonima (MMVII) PANAMERSA, a Panamanian Corporation. JMHO :)
Take a camera and take us some pics of the Panama office and personnel lo :).
Seeing the TPL is back in on the PNMS bandwagon, he must think this thing is going to move up. I see that as a good sign :).
That is what I was thinking.
I get the feeling that PNMS can file audited financials but they can't report the financial on the Parent company. PNMS to me is like a subsidiary that trades separate from the parent company and can reports it's own AF's but I could be wrong.
9 now lol :).
Pan America Sociedad Anonima (MMVII) PANAMERSA Announces Change in Board of Directors
Pan America Sociedad Anonima (MMVII) PANAMERSA (PINKSHEETS: PNMS) President, Pedro Borges Fiol, announced, "As of March 1, 2007, Rodney Adam Omanoff will no longer be serving as Director & Executive Vice-President of Pan America Sociedad Anonima. Omanoff is no longer affiliated with any of PANAMERSA's operating companies or regions. This change is due to philosophical differences with me, and should not adversely affect any of our operations. I wish him the best in his endeavors."
Source: Market Wire (March 9, 2007 - 12:22 PM EST)
So your saying you bought 20 million shares on Feb 21st at .0009?
In reply to: ACEHIGH who wrote msg# 50997
"Here is my account does it look like i am short #243364A
Total Equity: $120,209.68
Positions / Transactions
Details
History
Summary
Liabilities
Trade Date Intraday Account Positions as of: Mar 16, 2007
Cash & Cash Equivalents
Description CUSIP Quantity Price Market Value Book Value Change
Canadian Cash $0.00 $0.00 $0.00
Subtotal (in CAD) $0.00 $0.00 $0.00
Equities
Description Symbol Quantity Price Market Value Book Value Change
PANAMERSA CORP PNMS 20,000,000 $0.00 $63,466.20 $20,528.86 $42,937.34
Transactions for the last 18 months
Trade Date Settlement Date Description Type Quantity Price Commission Amount
21-Feb-2007 21-Feb-2007 PANAMERSA CORP ECH 20,000,000 $0.00"
Or start assigned little basher symbols to their screen names so everyone knows. Give the moderators the option to tag a profile as a possible basher lol :).
Selective memory loss or just pretending to be stupid to stir the pot more roflmao :).
1 more time. The 4 billion being retired is from the A/S not the O/S. The 2 billion retired by MT was from the O/S not the A/S. The buy back is for 1 billion shares and that will come off the O/S not the A/S. I think I have that correct but feel free to correct me if I am wrong roflmao :).
And why not pay them out as they get confirmation on shares. If E*Trade has sent and certified what I owned on the date then they should pay mine out now. That is how I feel. I shouldn't have to wait for Ameritrade to get their heads out of their asses. But I have patience and will wait. What choice do I have :)?
My question is this. In order to up list PNMS the American company has to file audited financials. Can't the American Corporation still file AF's?
Once the request has been made to have the certs sent to the shareholder, doesn't that effectively remove those shares from further trading at that point, until they are returned to a brokerage some where at some future time?
Backed by gold? Are they going to produce documentation confirming the amounts/worth of gold they own and the location of this gold? I would think to make this work they are going to have to show proof of the gold ownership. I can promise lots of things and say I'll back it with gold but I own not 1 oz. So for me, I see that as a main concern.
But you get the .04 guaranteed or the .25 which ever is higher at the end of the 2 years.
It's really no different then switching from say Ameritrade to Etrade when you break it down?
Not jumping on the "I want a cash dividend" bandwagon but I do wonder this. If the brokerages would cooperate with PNMS on a cash dividend in place of the land dividend. Wouldn't it be in the companies best interest to consider, for the good of the shareholders, to switch the dividend from land to cash, at this time and then work with the brokerages on an agreement for a future land dividend. That would get the whole dividend issue out of the way. They would save face and make the shareholders happy. Just thinking in print roflmao :).
That isn't the route they have chosen. That is a question one needs to send off to IR on their own. Yes we all would love a cash dividend for obvious reasons lol but it isn't happening so forget about it roflmao :)
A question I have for MT is will Panamersa (PNMS) the American side, be able to report in their earnings reports, how many shares are converted into PDR's. Also is the American side (PNMS) still going forward with audited financials and trying to move to a higher exchange? Or has that all been scrapped now?
And lowering the float is like taking a Viagra lol. It will make the PPS rise lol? In theory any way :).
Shouldn't the reduction of the A/S from 10 Bil to 6 Bil remove a lot of the dilution worries some people could have had?
I meant would they then become restricted shares not retired but it would have the same effect, correct? Show in the A/S but not the O/S? Or would it break it down into A/S, O/S and the float would be lowered by what ever is converted?