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Technology Stocks : The Panda Project (PNDA)
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To: Daniel Chisholm who wrote (811)2/4/1998 8:34:00 AM
From: Rubber Man  Read Replies (1) of 1521
 
<to jack up the share price, in order to support an equity offering by the company?>

If they do that they're going to set themselves up for a big fall- more shares, more dilution. Any boost in the price is temporary, as anyone reading the prospectus will see that PNDA has got a short term loan of $2 million to repay, (with what? the money from the offering of course!)
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