Panda just filed an 8-K. End of an era:
Item 5. OTHER EVENTS
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On April 17, 2000, Stanford W. Crane, Jr. resigned as the Company's
President, Chief Executive Officer and Chairman of the Board. Mr.
Ahearn was elected President and Chairman of the Board of the Company.
Additionally, Melissa F. Crane resigned as the acting Chief Financial
Officer. Mr. Ahearn appointed Mr. Friedline as the Vice President of
New Business Development.
Somewhat astounding (to me, anyhow), is that this thing (PNDA stock) still trades at all. They now hold a small position in a company of small (but questionable and difficult to determine) worth, have no operations, exist chiefly for the purpose of holding that investment, have a negative shareholders equity otherwise, recently had $43K garnished from one of their bank accounts, was down to 5 employeees (before the resignation of two, above), and have at least 58M shares outstanding.
- Daniel |
