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mjkiii

03/20/13 6:51 PM

#20046 RE: gabbs #20044

Not offended at all, gabbs.

Just having fun pulling the village idiot's chain a little. We traded at a good price in the late 1990's and then the stock was really, really cheap (+-$0.03/share) around 2002-2003. Those who averaged down did really well from 2006-2008 particularly if they locked in some big gains. The bottom fell out in 2009 when we couldn't get a permit to operate from the government.

Since then we had a nice bounce back in 2011 and have really been just drifting since then. Now we are ready for another climb to newer heights and by FY 2016 we should be fine. A lot of those in Panama who control the 70 million shares or so, have a lot of shares from the 'good old days' when they were three or four cents a share. Some having on site information and ahead of the news curve, have picked up some nice money trading the stock the last couple of years, as Don Winner recommended be done in 2010, I believe. It is not very difficult to make money with this stock and, as long as fundamentals are strong and the company is growing, there is little risk.

It may take four or five more years, but eventually the stock will reach its fundamental potential and be recognized as such in the markets. In the meantime it is just fun watching the bouncing ball and listening to the chatter on the boards. Sometimes there is intelligent effort and analysis...sometimes just pure ignorance and stupidity. It doesn't take much to tell one from the other. When someone is purposely lying, I like to speak up so that those who might not be really well informed do not make a mistake. Most of those who are the laziest and loudest probably couldn't buy a first class ticket from Miami to Panama City with all their holdings. So it is just entertainment.

Good luck in whatever you choose to invest your money. Western lands, oil, and interior hotels are the next big 'things' for Panama, along with the mining sector. FQM is also still a great buy at this level.