First,
It's not my job to PROVE anything to you, but it's all in the PR.
The PR from Jan 17 basically announces that the "crown" corporation of the company will now be Pan America Sociedad Anonima (MMVII) PANAMERSA, a Panamanian Corporation.
It also says, "PANAMERSA Corporation, the US Public Company with Corporate offices in Dallas, Texas, USA, will continue to represent (MMVII) PANAMERSA in the AMERICA II region. As our public face and operating unit in the major capital market of the world, this company will continue its progress towards BB status en route to a listing on NASDAQ."
Then, about the 30% section:
"Under a private contact, PANAMERSA Corporation acquired 30% of the common shares of (MMVII) PANAMERSA to safeguard the revenue sources of the USA Company and the interests of its shareholders and to ensure it's participation in our future growth. Mr. Micheal Scott Terrell will remain the President & C.E.O. of this Company. "
Mr. T made a smooth deal here. It seems to me that in exchange for these guys using his existing US corporate structure, public listing, and advice on US markets, he has negotiated for 30% of the common shares of the Panamanian company, thereby increasing the value and net worth of his part of the company. Also, he has successfully made his agreements with Pedro official and legal.
But, that does not mean that the stock symbol PYPR is only trading on the value of the US corporation, Panamersa based in Dallas. PYPR is trading on the value of the entire entity based in Panama, which includes Panamersa, USA - based in Dallas,
Kinda tough semantics here with the two Panamersa corps, one in Panama, one in Dallas, but you get the drift.
Don't be a nervous nellie, looking for something to be nervous about. No, i take that back. That is exactly what you should be doing in the pinks, but IMHO, this is not something that you should be worrying about.
Good luck to us all,
AI
