E-mail received from Pedro Borges Fiol:
--------------------
I would like to take a few minutes to clarify certain facts about
Fundacion Pan America and its operating companies.
There are many types of foundations; it depends on its objectives,
the reason for its existence ...its purpose...etc. those are covered under
a private document.
Fundacion Pan America as Panamanian Private Interest Foundation,
Constituted in accordance with 25 of the 25th June 1995 of the Republic of Panama,
It is legally authorized to act as a depository for any type of real or financial assets,
And to hold such assets in safekeeping for the benefit of its Beneficiaries.
This may be legal entities, natural persons or government entities of good standing.
Panamanian law 25 prohibits a Panamanian Foundations from carrying out commercial
Activities on a routine basis, therefore, to achieve these goals, the Foundations creates,
contracts, acquires by Conveyance, qualified commercial entities to do so.
To comply with this requirement Fundacion Pan America operates its commercial
activities through the following legal entities & Beneficiaries:
1. Pan America Sociedad Anonima (MMVII) PANAMERSA supervising the four operating units in Pan America (100% shares in Foundation)
2. PANAMERSA Corporation (pnms) a Nevada registered PK Company, headquartered in Dallas, Texas, USA. (51.758% 0/S shares in Foundation)
3. PayPro Latam Sociedad Anonima (Crown entity) beneficiary of PDR for two billion pnms restricted shares @ B/0.04 each (100% shares in Foundation)
4. Port-Sae Productions Sociedad Anonima PORTSAE (100% preferred Type A shares in Foundation)
5. PDR Exchange (Panama), Inc., independent operating PDR exchange unit (100% shares in Foundation)
6. PANAMERSA Ecuador Sociedad Anonima, (100% shares in Foundation)
7. Others are not necessary to disclosed, as they do not have an effect on this clarification to “pnms” shareholders
Regarding the Fundacion Pan America-HSBC it is a Bank/Client relationship, for banking and safekeeping of valuable in vaults.
Every beneficiary can have a sub-account for liquid assets only. If a Beneficiary wants an individual account under his administration we can
Get one, after complying with bank compliance officer and banking regulations.
Due to the PANAMERSA Corporation (Nevada Entity) shareholders requirements, The Foundational Council, the Protector and the Legal Representative
HAVE RESOLVED THAT:
All PANAMERSA Corporation (pnms) shareholders and PDR holders be given a unify status of co-founders-beneficiaries
to be able to access a full excellence of service program. Basic information on each shareholder must be in the data base at the back office.
More information will become available as we continue to upgrade, adjust and comply with all Codes of Laws
Governing Fundacion Pan America and Corporate Structure.
Your President and CEO is working very hard to protect your rights and assets.
Please excuse my Spanglish,
Thank you Pan Americans,
Pedro Borges Fiol
AI
News 
Market Data 
Discover 
