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Technology Stocks : The Panda Project (PNDA)
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To: Jim Revell who wrote (1130)4/5/1998 3:42:00 PM
From: dumbmoney  Read Replies (1) of 1521
 
Jim,

I have looked very closely at Panda and concluded that it is not a serious company. It is run more like a personal hobby than a public company. They have no focus, no credible business plan.

It is very naive to think that the convertible buyers believe in Panda's future. They couldn't care less. These deals are structured so the "investors" can't lose - the loser is always the shareholder.
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