The Panda Project (PNDA) Message Board

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Technology Stocks : The Panda Project (PNDA)

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To: Mike Farmwald who wrote (823)	2/5/1998 3:40:00 PM
From: Mitchell Ryan	Read Replies (1) of 1521

<<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.>> Mike, Crane and the rest of the Panda board will probably be facing lawsuits anyway in the event of default on the loan and subsequent bankruptcy. The board is supposed to protect the shareholders interests, and it can can be argued (perhaps unsuccessfully) that Panda's intellectual property was worth much more than the $2M loan. If the shareholders didn't believe this, then Panda's market cap would be much lower than its current $60M+. After all, for a company with virtually no revenue, shouldn't the market cap less net tangible assets represent the perceived value of the intellectual property? Ryan

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