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Re: fivehole post# 106311

Friday, 06/27/2008 12:52:40 PM

Friday, June 27, 2008 12:52:40 PM

Post# of 114953
3. The Board of Directors of pnms turned down an offer to buy at USD$0.05 PER SHARE all shares in custody in the Fundacion Pan America referred to as (short name "FUNDAPAM").

4. The reason for turning down a private offer was that Grupo PANAMERSA is absolutely sure of its business plan and that pnms:PK's value will exceed the offer.


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Or did this imaginary buyer just realize that shares could be had on the open market for much cheaper, lol.



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