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Technology Stocks : The Panda Project (PNDA)

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To: dumbmoney who wrote (1251)5/1/1998 12:32:00 AM
From: Mike Farmwald  Read Replies (1) of 1521
 
Thanks - I didn't read the 8-K carefully and missed this.

>On each day during the period beginning 20 days prior
>to the Put Notice Date and ending on and including the Put Closing
>Date, the Market Price for shares of Common Stock (as defined in the
>Certificate of Designations) shall not be less than $6.00 ...

On reading it more carefully, there are other restrictions also, but
this seems like to the most relevant.

Mike
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