quote:Originally posted by madmoney: they want to sucker everyone into converting shares to PDR`s so they can reduce the tradable float to bring the share price up. PDR`s will only be tradable on THIER exchange and only between PDR holders. looks like the wild life refuge is only about 150 acres and mutch of it is not forrested FWIW. the divy has no value except as a nice wall hanging. (certificate) LOL!! smells fishy more and more!! JMO!!!
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Posted by: wallymac In reply to: None Date:6/23/2007 11:02:03 PM Post #of 73717
Panama's New Prosperity
Date: 2007-06-14 Bookmark:
By GUILLERMO I. MARTINEZ SPECIAL CORRESPONDENT My passport says I'm writing this column from Panama, the country, not the city in the Florida panhandle. A quick auto trip to the old Panama Canal Zone to see the boats crossing the isthmus confirms I'm in the right country.
Yet, I get confused when I look all across the city. The skyline is much like that of Miami between the Rickenbacker Causeway and the MacArthur Causeway, where dozens of cranes signal upward growing skyscrapers. If Miami's real estate boom still shows growth in buildings to house offices and homes for new urbanites, despite a recession in the overall market, Panama is heading only in one direction. Upward! Forever upward! The sky is the limit!
All this in a city of little over a million people; one in three Panamanians live in the capital or its nearby suburbs.
The signs of the building booms are everywhere.
Building cranes crowd the horizon as one looks across the bay that gives access to the Canal from the Pacific Ocean. Ask people for the reasons for the boom and most give two answers: an enormous inflow of foreign capital, and little crime.
"Panama is only second to Canada in the lowest number of crimes per capita in the hemisphere," said a newspaper editor. You can sense that on the street. Walking to a drug store open 24 hours a day a few blocks from the hotel at midnight brings no warning from hotel employees.
As in South Florida days of a booming real estate market, "everybody" one asks is either in real estate or getting into the business. Money is flowing from a plan to double the capacity of the Canal by the year 2014, a $5.2 billion dollar investment. Triple that amount with three new oil refineries being built in the next four or five years.
Add to that a still undetermined amount of money from retiring Americans who are moving here, where many people still speak English, and where the cost of living is much cheaper than in the United States. One remembers Florida of another era, of decades, long ago.
When Panamanians brag about their booming real estate market they are only stating the obvious. As many as 100 new buildings are just opening, under construction, or in the permit state. Personally, I counted over 30 cranes hovering over new skyscrapers. One of the new buildings will have 104 stories, making it the highest in the western hemisphere, south of Chicago.
Over the weekend, one talked about new hotels joining the construction boom. It said in the next three years they planned on building 9,000 new hotel rooms. Money for them comes from large European and American hoteliers, as well as other well-known investors such as Donald Trump, who will spend $220 million to build his new Trump Ocean Club with 312 rooms.
The hotel industry hopes to attract 1.7 million new tourists to the area by the end of the decade.
Other investors coming into the country to explore the possibilities include Mel Gibson, although some say he is just seeking a hideaway home in a new plush retreat away from the press photographers who hound him.
Truthfully, Panama looks and sounds like much of the countries that border the Caribbean. Its population is truly a rainbow of colors, ethnic origins, religious backgrounds, nationalities. The country is home to Jews, Hindus, blacks, from Caribbean nations, as well as to a growing number of Venezuelans and Colombians.
Nobody could have imagined this growth, prosperity or tranquility when President Jimmy Carter decided to turn over the Canal to Panama in 1980, or when in 1989 American soldiers deposed Gen. Manuel Noriega. Many silently thought that the Canal would not function as efficiently under Panamanian rule it went 100 percent into their command by the end of 1999.
They were wrong.
Traffic in the Panama Canal keeps growing yearly. Panamanians have approved doubling its capacity to permit passage of larger modern cargo vessels. Democracy flourishes amidst the economic bonanza. A city of knowledge for new entrepreneurs and scholars now resides in the same buildings that housed American servicemen for decades.
The economic leaders of the country know they face important infrastructure problems if unbridled growth continues. But for now they are confident in the future. Their record in recent years gives reason for optimism.
Guillermo I. MartÃnez is a journalist living in South Florida. He may be reached at guimar123**********
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Posted by: wallymac In reply to: None Date:6/23/2007 11:07:16 PM Post #of 73717
Retire in Panama Program
There is much to attract a retiree to Panama - this tiny Central American country offers safety, affordability and accessibility packed into a beautiful, tropical landscape, bounded by the bluest seas and thriving with natural wonders.
It's no wonder then, that so many North Americans are heading southward to spend their truly 'golden' years.
In fact, Panama has been ranked the number one retirement destination in the world for six consecutive years by International Living.
In looking at real estate prices, special benefits for retirees, cost of living, safety and stability, health care, climate, culture & entertainment, and infrastructure, this oversees living and retirement specialty publication has time and again named Panama the place to be.
"It is quite clear why this country is so appealing for North American retirees: Panama boasts the world's most generous program of special benefits for retirees, it offers easy access from the US, its cost of living is low, the landscapes and coastlines are beautiful, its population is friendly and warmly welcomes foreign residents and investors, and its capital, Panama City, is without peer in the region."
International Living, Sept. 2006
So how do you qualify to retire to Panama? There are two programs for retirees: the Pensionado Visa, and the Private Income Retiree Visa .
Both are considered non-immigrant status, which means you are granted indefinite residence in Panama but cannot apply for a Panamanian passport or naturalization. Contact us to find out which program best suits your particular retirement situation.
Both entitle you to generous discounts and benefits while living in Panama:
Entertainment and Transportation
• 50% off all entertainment, including movies, theatres, concerts, as well as recreation, cultural, sporting events, and more. • 25% off restaurant prices • 25% off airfare with private or public, national or foreign companies
Health and Professional Services
• 15% off hospital and private clinic services • 20% off general and specialist medical consultations and surgeries • 15% off dental and eye exams • 20% discount for technical and professional services (lawyers, architects, nurses, physical therapists, etc.) • 20% off the price of any prosthesis, device and assistance accessories
Taxes
• Total one-time tax exemption for the import of personal or household goods up to US $10,000 • Total tax exemption every two years for the import of a motor vehicle for personal or family use • No income taxes on income earned outside Panama
Real Estate and Utilities
• Freezing of property tax on sole personal residence (application required) • Exemption of appraisal fee for sole personal residence • 25% off electricity bills up to 660KW • 25% fixed phone charge for sole, residential telephone line • 25% off water bills up to $30, for personal residence
Loans
• 50% off closing costs of personal and commercial loans • 15% off maximum interest rate on personal and commercial loans • 1% off interest rate for home loans on personal residence (age requirements drop 2 yrs for men / women; all pensioners & retirees qualify)
* As per Panama's Law Regulating the Benefits of Pensioners and Seniors, women over 57 years of age, men over 62, and all pensioners and retirees of any type qualify for the above discounts
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well, you know my opinion of investing in this, but I must say, that article paints a pretty picture for moving & trading from there...they gotta have broadband, right?
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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Well, yep but Just trying to pass on any info I come across in the course of ongoing DD. Some interesting stuff.
I think this has a good run in it and as far as investing, that is entirely up to the individual. the Investor vs Trader can only be decided upon after looking deep inside oneself and assessing the risk reward ratio.
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PANAMERSA Opens PDR Exchange, Beneficiaries Bring Huge Showing within the First Weekend PDR Exchange (Panama), Inc. is now open to beneficiaries for trading, announced PANAMERSA Corporation (Pink Sheets: PNMS) CEO Mike Terrell. Trading opened at 5 p.m. CST, Friday with 5,731 PDRs traded throughout weekend at an average of $118.00 each, representing more than 57 million shares of PNMS stock at $0.018 per share. The Exchange is open 24/7.
”Today marks the beginning of a new level of trading and wealth management through the PDR Exchange (Panama), Inc. trading site,” added Terrell “Through the foundation, the exchange is able to provide a safe haven for investors, while allowing beneficiaries the ability to trade free of market manipulation.”
While American Depository Receipts (ADR) are commonplace and allow Americans to participate in offshore entities, Pan American Depository Receipts (PDR) provide opportunities for people unilaterally to participate in the growth and economic integration of Latin America into the western hemisphere and the world. Membership in Fundacion Pan America is required prior to participation; however, once an account is established through the Fundacion it can be used as an asset depository. As with any depository Fundacion, bank or IRA, a member will be issued a receipts (PDRs for assets held within Fundacion Pan America. Membership is for individuals, legal entities, or governments in good standing).
“This is the day we have been waiting for. The global investment community will now see the power of PDRs and the economic boom of Latin America,” said Fundacion Pan America Protector Pedro Borges Fiol.
Fundacion Pan America holds multiple entities, with many already being traded on PDR Exchange (Panama), Inc. Operating companies include:
Bella Vista Developments - REIT
Corporación de Desarrollo Pan América CODEPA, S.A. Bono Pan América Bond
Corporación MonyCard, S.A.
Cruceros del Caribe, S.A.
Grupo Pan Americano de Seguros, S.A.
Líneas Aéreas Panamericanas LAP, S.A.
PANAFIN Internacional, S.A.
PANAMERSA Corporation (PNMS)
PANAMERSA IV Ecuador, S.A.
Pan América (MMVII) Sociedad Anónima PANAMERSA Pan América IV Venezuela, S.A.
Pan América IV Colombia, S.A.
Pay Pro LATAM Sociedad Anónima
Port- Sae Productions Sociedad Anónima
Through the PDR Exchange, beneficiaries of Fundacion Pan America are also able to make investments in the ecological future through MicroForest investments. These investments include preserved land in Guatemala, Ecuador, Colombia, Venezuela and that COROBICI Wildlife Preserve in Costa Rica. More information can be found on PDR Exchange (Panama), Inc.’s home page, www.pdrexchange.com.
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$$$676,258 dollars 5,731 PDRs traded throughout weekend at an average of $118.00 each, representing more than 57 million shares of PNMS
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Posted by: My2Cents In reply to: None Date:7/4/2007 1:07:28 PM Post #of 77382
Latin America's real estate Panamania Tuesday, July 03 2007 * 01:32 PM EST Contributed by: Don Winner Views: 230 By Eliza Barclay for Fortune Magazine -- Off in the distance, where Panama Bay becomes the Pacific, container ships loaded with merchandise bound for the U.S. bob in the haze. Closer in, a flock of construction cranes hovers over densely clustered high-rises. Fourteen stories below, on Balboa Avenue, cars inch along, their windows sealed tight against the sweltering heat. The view belongs to Jim and Imogene Buckley, a retired couple from Greensboro, Ga., who purchased their one-bedroom condo a few years ago, before it was built, for $140,000. The apartment, which they'll use every other winter month, alternating with another couple from Wyoming, gives them a ringside seat overlooking one of the world's hottest real estate markets. "Panama looked like a good investment and a place to have a good time," says Jim Buckley, 76, a former U.S. Air Guard pilot, while admiring the view. "You don't need a lot of sense to see that it will increase in property value." (more)
Panama City is in the midst of an unprecedented real estate boom that is transforming the skyline of this once-sleepy Latin American capital. More than 30,000 units worth about $5.7 billion have come on the market since last July, according to Paul McBride, CEO of Prima Panama, a real estate marketing company.
That's a lot of condos in a country where the total economy measured $16.2 billion last year. And the boom shows no sign of abating: Among the showiest of the new projects is the Ice Tower, a 106-story luxury apartment building and Hilton Hotel complex that will be the tallest building in Latin America when it is completed in 2011. Even Donald Trump has a project on the boards.
Part of what's driving growth in Panama City, where the median apartment price recently surpassed the median home price in the U.S., is a wave of retirees from North America, like the Buckleys, looking for a place in the sun. So far, few Americans have moved permanently, but many are buying second homes or just plain speculating. Europeans are here too, and there's plenty of new wealth in Latin America, in places like Venezuela and Colombia, looking for a safe haven.
Call it Panamania. Is it a bubble in the making, or the rise of a new Miami? Despite the abundance of cranes around Panama City, only about 10 percent of the projects being sold are under construction, says McBride. "We're not even seeing the construction boom in Panama yet," he says. "This place will look like Manhattan if all these projects come to fruition."
Certainly the decision to spend $5.2 billion to double the width of the Panama Canal, the country's biggest source of revenue, is a sign of Panama's prosperity. The addition of a new lane and a new set of locks will allow post-Panamax container ships, the world's largest, to pass through the canal. "The expansion of the canal has woken up the curiosity of a lot of people," says Saul Faskha, the local developer of the Ice Tower and one of Panama's biggest boosters.
Panama's economy has been growing at breakneck speed - 8.1 percent last year, compared with 6.4 percent in 2005 - and the government finished the year with a surplus of $576 million. Exports from Panama's free-trade zone, the second largest in the world after Hong Kong's, have helped fuel the growth. The U.S. Congress is expected to sign a free-trade agreement with Panama sometime this year, which should boost exports even further. And several multinational corporations have moved or are moving their Latin American headquarters to Panama City, including Caterpillar, Sanofi-Aventis and Samsung.
Consumer spending has also swelled, the banking sector is strong, and 40,000 new jobs were created last year. All that is good news for the government of Martín Torrijos, son of former strongman Omar Torrijos, who ruled Panama from 1968 to 1981.
Unlike his father, the younger Torrijos came to power in a fair election in 2004. And unlike his father, Torrijos doesn't have to deal with a U.S.-occupied Canal Zone: Panama took control of the canal in 1999 and has proved adept at running it. Gone, too, are the U.S. troops that toppled another dictator, Manuel Noriega, a corrupt former general who is nearing the end of a 17-year U.S. prison term for cocaine trafficking.
Rumors that Noriega might want to return to Panama have cast a cloud over an otherwise bright mood. But the country, 36 percent of whose population lives in poverty, has other problems to deal with. For one thing, says Torrijos, during a recent trip to a small mountain town, "there is a huge demand now for a skilled workforce."
Indeed, a labor shortage has already helped slow construction activity in Panama City, and developers are concerned that other factors may hinder the completion of projects. Materials and equipment are in high demand, from rebar to cement to earthmovers. The construction frenzy has also put a strain on the city's infrastructure, and the government is struggling to build enough roads, water-treatment facilities and other projects.
One big problem: All of Panama City's sewage is dumped into the bay, and a treatment plant won't be completed until 2009. "Panama has grown very, very fast - we didn't anticipate this," says Ubaldino Real, Minister of the Presidency. "The government has had to take out more money to be able to act much faster to build roads."
But that hasn't dampened the enthusiasm of people like José Manuel Bern, director of sales and projects for Empresas Bern, one of Panama City's oldest and largest developers. The company's Bayfront Tower, completed in April, is among the first buildings designed for foreigners - distinct from those built for locals because they have balconies but no maid's rooms. Bern says that he sold nearly all the apartments in the tower four years ago, and that units that originally went for $130,000 now sell for $330,000. "We used to be very focused on the local market," he says, "but now I sell to a foreigner every other day."
Prima Panama's McBride and others are worried that the building boom is ultimately going to exceed demand. "I do not think there will be sufficient buyers to absorb capacity, if in fact capacity is delivered," McBride says. "When you see prices going up, driven by speculative investors, that points to a bubble."
Try telling that to Adolfo Olloqui, a Spanish developer whose company, Grupo Olloqui, is building what will be one of the tallest luxury towers in downtown Panama City, the 77-story Palacio de la Bahia. "Panama is the Miami of the future," he says. "With the visa problems in the U.S., South Americans, Central Americans and North Americans will want to come here to do business and to live."
Or try telling it to the Buckleys, who at least have a splendid view from their new Panama perch.
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Fundacion Pan America Adds New Countries to Exchange via COMTEX
July 17, 2007
DALLAS & PANAMA CITY, Panama, Jul 17, 2007 (BUSINESS WIRE) --
Fundacion Pan America, a private foundation created in Panama on September 6, 2006, has expanded virtual trading platforms for PDR Exchange (Panama), Inc. to include the following domains www.pdrexchange.es (Spain), www.pdrexchange.de (Germany), www.pdrexchange.cn (China), www.pdrexchange.sg (Singapore), www.pdrexchange.com.au (Australia). This expansion will enable global involvement across all nations, while furthering the PDR Exchange's mission to provide a groundbreaking wealth management atmosphere.
"Expansion to even more countries is of vital importance to the joint development of the diverse economic policies for the foundation's areas and regions of operation," said Pedro Borges Fiol, founder and protector of Fundacion Pan America. "As a means of promoting and assisting the commercial integration of Latin America while creating a viable commercial alternative for our Pan-American future, the foundation stands firm in building and supporting their mission through growth and development."
Fundacion Pan America was formed according to The Republic of Panama's Law Number 25 of June 12, 1995, making it legally authorized to act as a depository agent and custodian of all forms of real goods and properties and financial assets while also maintaining assets and the benefits deposited in them in the name of foundation beneficiaries. Beneficiaries of Fundacion Pan America can be natural persons, companies and/or free governments in good standing, and through its operating unit P.D.R. Exchange (Panama), Inc. beneficiaries are provided the tools to trade receipts (PDR), building wealth management and providing security and anonymity.
The foundation is also dedicated to the conservation and protection of the world's forests, flora, fauna, water resources and minerals through the commercialization of micro forests, as an individual alternative to counter Global Warming seeking "CO2Neutrality." This initiative offers every investor in good standing the means to participate in the process of the integration of Latin America in a direct way via the P.D.R. Exchange, (Panama) Inc., and enjoy all future benefits. In this way, the commercial integration of Latin America and its development is engaged through global participation.
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what a terrible spam & dump stock. If it looks looks & acts like a SCAM and probably is one. Gonna have to give all the credit to the topic starter for pointing this one out.
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quote:Originally posted by thefenway: what a terrible spam & dump stock. If it looks looks & acts like a SCAM and probably is one. Gonna have to give all the credit to the topic starter for pointing this one out.
So your blaming me for YOUR investment strategy. PNMS has went from 11 to 17 several times. Its went to 30 in the last month.
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lol I actually made money on this one. I just dont understand how people fall for this scam though. How could i not get in when it started to go u like it did..
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- PDREX.COM S.A., the Managing Member of the PDR Exchange, (Panama) Inc., announced today an offer to buy up to 2 Billion Shares of PANAMERSA Corporation (PNMS.PK) Common Stock * .003 per share. PDREX.COM S.A. has set aside 6 Million in Gold to fund the Offer. Each shareholder must deliver a Physical Certificate.
Roy Phillips, spokesperson for PDREX.COM S.A., said, "We believe PNMS is undervalued and has continually been a victim of Naked Short Selling and Market Manipulation. Our decision to require Physical Certificates allows us to deal directly with the shareholder and eliminates the possibility of paying for Phantom Shares, paying unnecessary fees, and lengthy delays in receiving Certificates."
Shareholders who desire additional information can email us at pnmsoffer*pdrex.com Please include your Contact Information and number of shares.
PDREX.COM S.A. Is the Managing Member of the PDR Exchange (Panama) Inc. It's function is to handle the Commercial Business of the Exchange and Markets the only Private Wealth Management System in the World that offers an Offshore Private Interest Foundation in Panama. This allows a Beneficiary with an Internet Connection anywhere in the World the ability to Buy and Sell on-line Gold, Stocks and Financial Products in total privacy and protected by the Foundation 24 hours a Day, 7 Days a week, 365 Days a Year.
PDR Exchange (Panama), Inc. was established in 2007 to operate an Online Trading Platform for Pan America Depository Receipts (PDR's, that is Fully Automated and open 24/7 to the Worldwide Beneficiaries of Fundacion Pan America (the Foundation). The PDR Exchange enables investors from around the World to take part in the growth of Latin America, while safeguarding their Privacy and Assets through its Association with the Foundation.
PDREX.COM S.A. Scott Michaels, 214-550-3357
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