SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : The Panda Project (PNDA)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TheLineMan who wrote (821)2/5/1998 2:41:00 PM
From: Mike Farmwald  Read Replies (2) of 1521
 
Probably the truth is closer to the more straightforward
view. Panda ran out of money in Dec. and Helix was faced
with either losing its entire investment or coughing up
more money. Helix was probably pretty unhappy about the
deal (how many times now has Panda been 3-6 months away
from profitability - we just need another $10M or so)
and so said this is the last time
and futhermore we want some additional protection. Hence,
the current deal.

I'd love to believe in dire secret plots, but I don't think
they're true. Among other things, Helix would face huge lawsuits
(Stanford also, but his pockets aren't very deep). Too little to
gain and too much to lose. In fact, I'll bet they wish they (Helix)
had never heard of the Panda Project or Stanford Crane.

Mike
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News