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To: dave katragadda who wrote (2786)	11/7/1997 11:34:00 AM
From: Teddy	Respond to of 95453

PNDR is loosing money and has more than doubled the number of shares outstanding since it was $5. Why do you think it is worth buying? Ponder Announces Settlement With Debenture Holders HOUSTON, Sept. 3 /PRNewswire/ -- Ponder Industries, Inc. (Nasdaq:PNDR) today announced that it has reached a settlement with the debentureholders in the suit that was filed last year in the United States District Court for the Western District of New York. The Company has agreed to convert all of the currently outstanding debenture debt of $7,060,000, including accrued interest, into 10,633,333 shares of Ponder common stock. The Company also agreed to issue to the debentureholders 5 year warrants to purchase an additional 957,000 shares of common stock at $1.00 per share.