The Panda Project (PNDA) Message Board

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Technology Stocks : The Panda Project (PNDA)

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To: Jim Revell who wrote (734)	1/15/1998 12:03:00 AM
From: drakes353	Read Replies (2) of 1521

Jim: Market reaction has been muted because the annoucement does not talk further about the success of the company in landing sales and generating revenue. Technology is probably sound but is there a market. I wouldn't be shorting this stock though on whether or not further financing will be found in the next two months. Man, you showed up to this play well into the third act don't ya think? If the sales are in the pipeline, If there were even a hint of sales in the pipeline they could have done some kind of lay-up disco convert or Reg D deal. That fact that PNDA can't even get crappy financing speaks volumes. and you assume Helix would do its investigation bewfore putting their money in to the deal Helix is their largest outside shareholder. It was Chapter 11 or maybe 6 or a two month bridge loan. They are just trying to protect what's left of their investment. Don't fool yourself into thinking there was any research to be done. They are buying time and hoping for a miracle or another one of those patented pump and dumps. not a good time to short. The company is on the verge of failure, if this isn't a good time to go short I don't know what is. Anyone advise on the size of the short position? Huge, sustained, vindicated. Though I'm no longer being counted in that number. Covered last week. Not a fan of being short dreck stocks during Janary. Will look to re-establish my short over the next few weeks. Don't know if I'll be able to borrow the stock though. Oh well. To those of you that decide to tough it out...good luck. FWIW, I always cover too early and this short Could!Go!All!The!Way! (Think Berman, ESPN) drakes353 PS - More stringent listing requirements for Nasdaq stocks go into effect on 2/23/98. Don't think we'll be seeing PNDA on the main list much longer.

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