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 :)