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Technology Stocks : The Panda Project (PNDA)
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To: chester lee who wrote (996)3/25/1998 3:04:00 PM
From: Q.  Read Replies (1) of 1521
 
The balance sheet was amusing. It started with the word "CONFIDENTIAL:

Well, if I ran a company with a balance sheet that looked like that, I would want to keep it a secret too.

Cash on new year's eve stood at well under a million. Accounts payable had ballooned, indicating that they were stiffing their suppliers. Otherwise cash would have been gone earlier in December

Shareholders equity sagged to only $2 M. Let's see, what does the price to book ratio work out to .... ? Hmm, somewhere between huge and very huge. It depends on how many shares you want to assume, based on the forthcoming dilution, which will only get worse if the stock price goes down.

If only it would go up to 5 first, though. I don't have a position.
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