The Panda Project (PNDA) Message Board

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Technology Stocks : The Panda Project (PNDA)

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To: md1derful who wrote (1512)	4/14/2000 10:52:00 AM
From: Daniel Chisholm	Read Replies (1) of 1521

Panda has filed their 10-K (late). My favourite bit so far: ITEM 2. PROPERTIES Panda leases its principal offices at 951 Broken Sound Parkway in Boca Raton, Florida. This facility has housed Panda's operations since November 1, 1998. The facility is approximately 11,230 square feet with monthly rent of approximately $10,322 escalating to $12,547 beginning in November 2002. The lease terminates on October 21, 2003. [snip -- a description of other properties] Panda believes that its properties are generally in good condition, except for the facility at 951 Broken Sound Parkway. The air conditioning systems and ceiling are in disrepair. The other facilities are well maintained and are generally suitable and adequate to carry on Panda's current business. The mental image this produces (of their principal offices) is priceless.... I suppose $10K/month just doesn't buy very fancy space any more. - Daniel

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