The Panda Project (PNDA) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : The Panda Project (PNDA)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Douglas Simpson who wrote (1510)	3/1/2000 7:50:00 PM
From: Daniel Chisholm	of 1521

Amazing. They announce that they are proceeding with the asset sale, and the stock zooms, and continues to zoom. This is the asset sale that has been described for some time now in their federal filings. The one that will result in Panda selling essentially all of their assets, in return for about $600K nominal (book value) value of restricted stock in a nonpublic company (the acquirer of the assets). Panda will still be left with negative shareholder equity. And yet the stock zoomed, then zoomed some more, and then kept on zooming. Must be a pretty wicked short squeeze (thankfully, I covered my short some time ago). I wonder if one could get a good solid borrow on some shares? Since the asset sale will go through (we are told by the company's latest 8-K filing), there will be about 50M shares outstanding. The company is as worthless and hopeless as it has ever been, and yet today its market cap closed at about $38M (75 cents/share * 50M shares). Provided one gets a good borrow and doesn't get called in (though who knows, these crazy days....), shorting PNDA is probably as good as money in the bank. - Daniel

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next