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Technology Stocks : The Panda Project (PNDA)
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To: Mitchell Ryan who wrote (818)2/5/1998 2:17:00 PM
From: Rubber Man  Read Replies (1) of 1521
 
You're right about the Compass connector - the intellectual agreement doesn't cover it. In my opinion, the value of VSPA (and other to-be-discovered technologies) is definitely not worth $2 million. So that leaves the question as to why this deal was created in the first place.

I would think the first sign of trouble would be when a large number of shares from insiders flood the market. Crane's 2 million or so shares is worth quite a lot and I doubt he'll let that disappear (unless of course he plans to get it back at the liquidation sale).

The contract with Veridicom would be interesting reading. Finding out what happens if Panda can't deliver will add another piece to the puzzle.

"Ticktock, ticktock..." Read the book famous mystery author to find out the punchline.
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