CEO UPDATE from BLOG
Panamersa Blog
A blog by Panamersa CEO Mike Terrell
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
Posted by admin Filed in CEO UPDATE for Shareholders, Financial Supporting Documents
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