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JustForFun7

12/30/12 10:22 PM

#19136 RE: carlosc #19135

"....it would be deeply unusual for a high net worth individual in Panama to own any sort of asset personally rather than through a corporation or a foundation."

is that because most of the high net workth is old money? or it because of tax reasons ? or a combination of both?

JFF7
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mjkiii

12/31/12 2:23 AM

#19138 RE: carlosc #19135

I was wondering where you were getting first class tickets to Europe from Panama for $3,000 each. I was hoping you'd introduce me to your travel agent.

Was thinking about PTY/HOU at that moment, I guess. Point was of course that PTQ is just to small a fish to trade, so $3,000.00 was enough to make the point. We generally fly in our own plane or a friends, and to tell the truth, I had not realized how much the dollar has deteriorated over the years.

People criticize how the country is run, yet it seems to be working much better than most. The future really looks good, with mining, the canal expansion, banking expanding, and of course tourism. Now if we can just develop some of these oil reserves!!

I think December will prove to be our best month of production ever. The long wait is almost over...2013 may be a vintage year!