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Technology Stocks : The Panda Project (PNDA)
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To: Dale Baker who wrote (983)3/13/1998 5:55:00 AM
From: dumbmoney  Read Replies (2) of 1521
 
<< What's wrong, are the discount convertible holders getting ready to flip all those shares that PNDA just registered? >>

The way I read the 8-K they can't convert yet:
"No conversion of Series A Preferred into shares of Common Stock may occur during the period prior to 120 days after issuance except at $6.10..."

I assume that Panda will try to pump the stock prior to the end of the waiting period, which is why I'm not currently short.

IMHO, CFON is a better short than PNDA at the moment.
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