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Technology Stocks : The Panda Project (PNDA) -- Ignore unavailable to you. Want to Upgrade?

To: Q. who wrote (694)	12/12/1997 7:17:00 PM
From: chester lee	Respond to of 1521

<<My guess is that Crane will simply have to do a private placement, not a public offering.>> I specifically remember Crane answering a question regarding financing and said that PNDA would not do what they did last time (discount convert deal) because of the stock price drop. I get the sence that they are backed into a corner and the only way out is to do a offshore reg S deal. Discount Convertible prefers are too passe for PNDA. Anyway. The board is meeting on Monday, hours before John's estimate of PNDA running out of cash. Chester