Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Q. who wrote (699)	12/15/1997 12:17:00 PM
From: Michael T.	Respond to of 1521

John thx for the insight but I have some questions... <<What the company does, and who the CEO is, make little difference, except in determining the discount and such things.>> Certainly off-shore buyers would lose if the co. went into bankruptcy wouldn't they?? Isn't it riskier for these off-shore guys now that they can't pre-short the stock per the new SEC rule??? How long do you think it takes to put together and fund an off-shore placement?

To: Q. who wrote (699)	12/15/1997 1:01:00 PM
From: Mike Farmwald	Read Replies (2) \| Respond to of 1521

Another issue on the viability of a reg s deal is the lack of stock available for shorting. The offshore funds would seem unlikely to be interested in a deal (ie. Panda) where there is essentially no borrowable stock around (I know - I've been trying daily for months with only small success). Since the company almost surely engineered this shortage to push the price up, I suppose they could arrange for stock to become available. There's a problem- if they make it easier to short, the stock will drop even more... Unless the offshore fund boxed their short last time, in anticipation of another deal, I don't see an easy way out for Stanford. I suppose he could loan the fund his own stock. (This is mostly a joke - is it legal?) Mike

To: Q. who wrote (699)	12/18/1997 11:54:00 PM
From: Michael T.	Read Replies (2) \| Respond to of 1521

As John G pionts out...<But with a stock price north of $3, he can definitely raise cash if he just says yes.> At the current rate of decline Crane has about 3 days to say "yes" before the price drops below 3. <unless Crane did something incredibly stupid >>..,somehow I don't find this difficult to imagine. <<Crane drove his previous business into bankruptcy, it could happen again.>> ....He sounded like a desperate man on the CC... I can only quess how many venders are breathing down Cranes neck for their recievables!!!