Third update on the investigation of the PDR Exchange...
Good morning Pan Americans…
First: Update on the “PDREXGATE an act of infamy” investigation. Second: Talking to the audience about our beginnings in America II during the third quarter of 2006 and an explanation on how the relationship began with the participation of Michael Scott Terrell “MST” to produce the merger of PayPro Inc., into the PANAMERSA integration movement, and its evolution to become PANAMERSA Corporation “PNMS”.
§ First…we begin with a thank you statement to PDREX associates for their patience, cooperation and for providing the investigating team with valuable additional information in our quest to decipher, beyond a shadow of doubt, why/what happened within the “PDREX”.
To date:
“MST” provided information, as follows, as is:
The PDR report from Michael Scott Terrell.
All PDR units owned by others: 134,589 = 1,345,589,000.
PDR units owned by PDREX.COM S.A.,
or me in the exchange: 10,300 = 103,000,000.
Total PDR units / shares accounted for
In the PDREX.COM S.A.: 144,889 = 1,448,589,000.
* A key statement: Accounted for in the PDREX.COM S.A.?
PDR units have to be accounted for by FUNDAPAN safekeeping vaults reports only. “PDREX” tracks the transactions subject to compliance, verification and acceptance by the depository, FUNDAPAN: as of today FUNDAPAN accounts for a bit over ffive hundred million PNMS shares, (fifty thousand PDRunits) for the benefit of beneficiaries/associates of “PDREX”. This is a big difference from “MST”'s “PDREX” report!
Lets review again the definition of a PDR (Pan America Depository Receipt). It is as follows: “A PDR is a depository receipt issued by FUNDAPAN that evidences beneficial ownership of assets conveyed to FUNDAPAN…etc.…a receipt of a conveyance into “FUNDAPAN”. The issuing of the PDR requires a procedure by a well-established protocol with check and balances. When the procedure is not followed precisely, the result is a bogus PDR.
The “PDREX” accounting has to match all PNMS shares conveyed and deposited into FUNDAPAN and not shares being held outside FUNDAPAN in the “DCC” Deposit Credit Corporation or somewhere else offshore in America II. “DCC” mandate was strictly to receive in America II only for the “PDREX” and forward PNMS shares and other assets to FUNDAPAN. Additionally keep the Bank records of Bank of America in Dallas, Texas, USA. (The information referred to here is proprietary and confidential of FUNDAPAN). Also, a PDR is issued electronically subject to final receipt of conveyance by FUNDAPAN. We have review the information sent to the investigators and have noticed all sorts of alleged PDR certificates; some have PANAMERSA on the face. A number of these documents were not issued following the protocol established and do not represent beneficial ownership of PNMS shares held by FUNDAPAN.
To date, we have four software engineers working to verify the “PDREX” software, I am told this is very painstaking and requires a lot of time, programmers have their own ways and tricks…there are certain findings, codes, passwords, etc. that are questionable and they have requested additional info from “MST”.
Now I will share with all Pan Americans without frontiers a communicate that I received from a very trusted and reliable professional, it is very interesting (some editing involved to protect privacy)…
It goes as follows:
“Just so you know, when Micheal called me last week, he answered some of my questions. He said the documents he has in his possession are safe; the problem is they have been requested to be delivered in person. He has no other employment or means of income and can not afford the costs to journey and deliver the documents…
He said he doesn’t have the funds for medicine, which he is, supposed to be taking nor is able to pay for where he is presently living. He said he has done everything he has been requested to do up to this point with dedication but has been affected by economics like everyone else.
He sounded sad as he thinks some are out to be against him; I said, well, if he hasn’t done anything wrong, then he should not be worried as things have a way of working out in the end. I also said that if he hadn’t done anything wrong that I would hope you would want to be fair in evaluating matters pertaining to his future with the company and help clear his name as some types of people are placing blame on him”
“Some lessons are harder to learn than others. It sounds as if MST is allowed to break them, then others could, too, and that is not the best option when managing a business dependent upon Trust. And when you place trust in another, especially when it comes to quality, then accountability is best held with a price - that of a higher standard. High standards should not be compromised in order to maintain clarity, balance and reliance on a visible, global scale”. MST may need some “time off” to forward rethink his course in life. His decision to opt for “lack of action” has adversely affected the shareholder base, so it seems”…END of communicate.
I would like to assure the audience that no one is out to get MST, after all he is still a shareholder in PNMS and the “PDREX”; having certain rights along with his responsibilities as co-founder of the Exchange. I, Pedro Borges Fiol have said this before…I want to help him…but to do so he must help all and me involved. We have to be humble and face the issues straightforward, after all he was the CEO, the Dictator of the “PDREX”. He knows how to communicate with others or me as he has done in the past. He has to do it by accepting certain mistakes made for the lack of follow up and follow through on his part, and the absence of procedures from the Dallas branch that acted as Gods gift to the world.
I have accepted my responsibility and stupidity by not taking action when I should have done so. I am now sure that I am not qualify to run experiments in the capital markets and/or the business of arbitrage in America II. FUNDAPAN will be looking for a qualified partner a talented, brave and adventurous professional seeking a high-risk challenge like running the “PDREX” platform correctly. It will help to be bi-lingual.
§ Second…. The beginnings of PNMS in America II…
During the year 2006 a number of unplanned actions took place in America III, Costa Rica, Panama and America II USA, Dallas that led to my meeting Michael Scott Terrell.
“It all began when associates of MST and a company known as CHEXCARD came to see us at one of our financial corporation branches in Costa Rica. They needed to procure certain monies to expand and/or to meet some obligations. They had recently joint ventured with PayPro Inc. a Nevada publicly traded company. We listened to their needs and my partner decided to help. Monies were transferred to WA-MU in Dallas, Texas to a CHEXCARD account. To make the story short and to the point, we received a very large amount of PYPR free trading shares as guaranteed. Time went on and the partners of PYPR and CHEXCARD disagreed on certain issues, therefore, decided to divest from their contract and become independent. As I can recall it, MST partner came to ask for the PYPR shares we owned by then and offered to pay for them, something happened and he did not get the money. The deal went sour and they lost all those hundreds of millions of PYPR free trading shares. Well one day MST called me and was very upfront with what was happening…bottom line we started a universal joint venture and MST was given the shares…he came to Panama and that is when all the whistles and bells took off. I was fascinated by this experience and gave MST full support in America I, II & III. During the month of December and January 2007 PayPro Inc., joined the PANAMERSA philosophy and became PANAMERSA Corporation PNMS. Now we had gained access to the capital markets in America II and would go to higher boards (that was the kicker)”. We worked very hard…and for the information of our audience, we will continue to work even harder…today under a different management style.
The rest of the story is why/what we investigate today…what happened to the PNMS shares, not in FUNDAPAN? What happened to the “PDREX”? What happened to the real PDR units, representing beneficial ownership of PNMS shares? If any of the audience has additional information please help us by sharing it with US.
The rest of Grupo PANAMERSA sense of belonging entities in America I, II and III are progressing at a steady rate, the financial global situation challenging all of US will be overcome by working harder to accomplish our projects and goals.
Better news for PANAMERSA Corporation PNMS shares! Our PNMS C.O.O. is presently working on a large acquisition/merger within America II. When we officially announce this important action, the value of PNMS shares will be enhanced and hopefully will be able to convince the Market Makers and Brokers in America II that PNMS is real and have crossed over to a great future. Grupo PANAMERSA and I are very happy about this negotiation to proof that our sense of belonging PNMS Company in America II is growing older, wiser, having paid great dues to overcome mediocrity.
Note:
To all Pan Americans registered to vote in the upcoming elections in America II USA. Grupo PANAMERSA reminds to exercise the right to vote for the candidate of your choice. This can be done anywhere in the four regions of Pan America at any United States Embassy or Consulate, also, if you are a veteran or “expat” and can not go, you may do so by I-net. Voting is an inalienable right, a social responsibility; for all without frontiers, and has to be protected by all with disregard to race, color, religion, political affiliation, etc.
Thank you for listening my friends, together we will succeed!!!
Best regards Pan Americans,
Pedro Borges Fiol
Founder-Protector
FUNDAPAN
- PAN NEWS Network -
First: Update on the “PDREXGATE an act of infamy” investigation. Second: Talking to the audience about our beginnings in America II during the third quarter of 2006 and an explanation on how the relationship began with the participation of Michael Scott Terrell “MST” to produce the merger of PayPro Inc., into the PANAMERSA integration movement, and its evolution to become PANAMERSA Corporation “PNMS”.
§ First…we begin with a thank you statement to PDREX associates for their patience, cooperation and for providing the investigating team with valuable additional information in our quest to decipher, beyond a shadow of doubt, why/what happened within the “PDREX”.
To date:
“MST” provided information, as follows, as is:
The PDR report from Michael Scott Terrell.
All PDR units owned by others: 134,589 = 1,345,589,000.
PDR units owned by PDREX.COM S.A.,
or me in the exchange: 10,300 = 103,000,000.
Total PDR units / shares accounted for
In the PDREX.COM S.A.: 144,889 = 1,448,589,000.
* A key statement: Accounted for in the PDREX.COM S.A.?
PDR units have to be accounted for by FUNDAPAN safekeeping vaults reports only. “PDREX” tracks the transactions subject to compliance, verification and acceptance by the depository, FUNDAPAN: as of today FUNDAPAN accounts for a bit over ffive hundred million PNMS shares, (fifty thousand PDRunits) for the benefit of beneficiaries/associates of “PDREX”. This is a big difference from “MST”'s “PDREX” report!
Lets review again the definition of a PDR (Pan America Depository Receipt). It is as follows: “A PDR is a depository receipt issued by FUNDAPAN that evidences beneficial ownership of assets conveyed to FUNDAPAN…etc.…a receipt of a conveyance into “FUNDAPAN”. The issuing of the PDR requires a procedure by a well-established protocol with check and balances. When the procedure is not followed precisely, the result is a bogus PDR.
The “PDREX” accounting has to match all PNMS shares conveyed and deposited into FUNDAPAN and not shares being held outside FUNDAPAN in the “DCC” Deposit Credit Corporation or somewhere else offshore in America II. “DCC” mandate was strictly to receive in America II only for the “PDREX” and forward PNMS shares and other assets to FUNDAPAN. Additionally keep the Bank records of Bank of America in Dallas, Texas, USA. (The information referred to here is proprietary and confidential of FUNDAPAN). Also, a PDR is issued electronically subject to final receipt of conveyance by FUNDAPAN. We have review the information sent to the investigators and have noticed all sorts of alleged PDR certificates; some have PANAMERSA on the face. A number of these documents were not issued following the protocol established and do not represent beneficial ownership of PNMS shares held by FUNDAPAN.
To date, we have four software engineers working to verify the “PDREX” software, I am told this is very painstaking and requires a lot of time, programmers have their own ways and tricks…there are certain findings, codes, passwords, etc. that are questionable and they have requested additional info from “MST”.
Now I will share with all Pan Americans without frontiers a communicate that I received from a very trusted and reliable professional, it is very interesting (some editing involved to protect privacy)…
It goes as follows:
“Just so you know, when Micheal called me last week, he answered some of my questions. He said the documents he has in his possession are safe; the problem is they have been requested to be delivered in person. He has no other employment or means of income and can not afford the costs to journey and deliver the documents…
He said he doesn’t have the funds for medicine, which he is, supposed to be taking nor is able to pay for where he is presently living. He said he has done everything he has been requested to do up to this point with dedication but has been affected by economics like everyone else.
He sounded sad as he thinks some are out to be against him; I said, well, if he hasn’t done anything wrong, then he should not be worried as things have a way of working out in the end. I also said that if he hadn’t done anything wrong that I would hope you would want to be fair in evaluating matters pertaining to his future with the company and help clear his name as some types of people are placing blame on him”
“Some lessons are harder to learn than others. It sounds as if MST is allowed to break them, then others could, too, and that is not the best option when managing a business dependent upon Trust. And when you place trust in another, especially when it comes to quality, then accountability is best held with a price - that of a higher standard. High standards should not be compromised in order to maintain clarity, balance and reliance on a visible, global scale”. MST may need some “time off” to forward rethink his course in life. His decision to opt for “lack of action” has adversely affected the shareholder base, so it seems”…END of communicate.
I would like to assure the audience that no one is out to get MST, after all he is still a shareholder in PNMS and the “PDREX”; having certain rights along with his responsibilities as co-founder of the Exchange. I, Pedro Borges Fiol have said this before…I want to help him…but to do so he must help all and me involved. We have to be humble and face the issues straightforward, after all he was the CEO, the Dictator of the “PDREX”. He knows how to communicate with others or me as he has done in the past. He has to do it by accepting certain mistakes made for the lack of follow up and follow through on his part, and the absence of procedures from the Dallas branch that acted as Gods gift to the world.
I have accepted my responsibility and stupidity by not taking action when I should have done so. I am now sure that I am not qualify to run experiments in the capital markets and/or the business of arbitrage in America II. FUNDAPAN will be looking for a qualified partner a talented, brave and adventurous professional seeking a high-risk challenge like running the “PDREX” platform correctly. It will help to be bi-lingual.
§ Second…. The beginnings of PNMS in America II…
During the year 2006 a number of unplanned actions took place in America III, Costa Rica, Panama and America II USA, Dallas that led to my meeting Michael Scott Terrell.
“It all began when associates of MST and a company known as CHEXCARD came to see us at one of our financial corporation branches in Costa Rica. They needed to procure certain monies to expand and/or to meet some obligations. They had recently joint ventured with PayPro Inc. a Nevada publicly traded company. We listened to their needs and my partner decided to help. Monies were transferred to WA-MU in Dallas, Texas to a CHEXCARD account. To make the story short and to the point, we received a very large amount of PYPR free trading shares as guaranteed. Time went on and the partners of PYPR and CHEXCARD disagreed on certain issues, therefore, decided to divest from their contract and become independent. As I can recall it, MST partner came to ask for the PYPR shares we owned by then and offered to pay for them, something happened and he did not get the money. The deal went sour and they lost all those hundreds of millions of PYPR free trading shares. Well one day MST called me and was very upfront with what was happening…bottom line we started a universal joint venture and MST was given the shares…he came to Panama and that is when all the whistles and bells took off. I was fascinated by this experience and gave MST full support in America I, II & III. During the month of December and January 2007 PayPro Inc., joined the PANAMERSA philosophy and became PANAMERSA Corporation PNMS. Now we had gained access to the capital markets in America II and would go to higher boards (that was the kicker)”. We worked very hard…and for the information of our audience, we will continue to work even harder…today under a different management style.
The rest of the story is why/what we investigate today…what happened to the PNMS shares, not in FUNDAPAN? What happened to the “PDREX”? What happened to the real PDR units, representing beneficial ownership of PNMS shares? If any of the audience has additional information please help us by sharing it with US.
The rest of Grupo PANAMERSA sense of belonging entities in America I, II and III are progressing at a steady rate, the financial global situation challenging all of US will be overcome by working harder to accomplish our projects and goals.
Better news for PANAMERSA Corporation PNMS shares! Our PNMS C.O.O. is presently working on a large acquisition/merger within America II. When we officially announce this important action, the value of PNMS shares will be enhanced and hopefully will be able to convince the Market Makers and Brokers in America II that PNMS is real and have crossed over to a great future. Grupo PANAMERSA and I are very happy about this negotiation to proof that our sense of belonging PNMS Company in America II is growing older, wiser, having paid great dues to overcome mediocrity.
Note:
To all Pan Americans registered to vote in the upcoming elections in America II USA. Grupo PANAMERSA reminds to exercise the right to vote for the candidate of your choice. This can be done anywhere in the four regions of Pan America at any United States Embassy or Consulate, also, if you are a veteran or “expat” and can not go, you may do so by I-net. Voting is an inalienable right, a social responsibility; for all without frontiers, and has to be protected by all with disregard to race, color, religion, political affiliation, etc.
Thank you for listening my friends, together we will succeed!!!
Best regards Pan Americans,
Pedro Borges Fiol
Founder-Protector
FUNDAPAN
- PAN NEWS Network -
posted by Panamersa at
4:52 PM
