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Technology Stocks : The Panda Project (PNDA)
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To: chester lee who wrote (773)1/28/1998 12:59:00 PM
From: Rubber Man  Read Replies (1) of 1521
 
Yep, it'll definitely be an interesting month.

Thing is, the contract isn't pure profit. What PNDA needs right now is some cash to pay off the loan sharks back (with interest?).

Suppose their margin is 50%, that means only $600k can be used to repay the debt (and like you said, they won't receive it all right away). That leaves a lot to be desired.

I should take a look at the share structure again and see what possible scenarios might occur if the prefer holders want to get out in a hurry.
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