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


To: bry57 who wrote (766)1/27/1998 1:08:00 AM
From: Rubber Man  Respond to of 1521
 
Hi, I think you were referring to my post on the yahoo message board.

My intention was to point out some things I noticed while I was research on PNDA. As you can see, I tried not to be too negative about this stock.

One place to start if you're interested in PNDA is their sec filings.
freeedgar.com

You should see that they borrowed some $2 million dollars, and is repayable by February 28, 1998. This money is likely used to sustain operations while management went out and drum up some money. If the sum is not repayed by the end of February, this company is effectively out of business (they lose their patents, and have little to no money left to license them back).

Another good place to go is pandaproject.com. Here you can see exactly what this company is selling. Yes, it is cute and all, but probe further and you can see why (IMO) this company isn't getting much sales. Notice that even the benchmark is out-of-date (done in March/April '96) and needless to say, its competitors has already got new products in the market (http://www.intergraph.com/ics/tdz/)

Feel free to comment, I would be delighted to answer any questions or at least refer you to possible sources of answers.



To: bry57 who wrote (766)1/27/1998 5:04:00 AM
From: Q.  Respond to of 1521
 
re. <<I'm new to this post. Have not done much homework on PADN. I'm thinking of jumping in though what's a good price? bry57 >>

Are you serious?

I'll try to be as gentle about this as I can be.

If you want stocks where you can invest without doing much homework, maybe it would be best to stick with blue chips. Or buy an index fund.

This stock is an extreme example of the importance of doing homework before putting money in individual micro cap stocks.

The CEO drove his previous co. into bankruptcy. There's a substantial risk he'll make this into a hat trick, since Panda is now very nearly out of cash, and it has reported no signficant revenues in its entire history.

I have no position in this stock.



To: bry57 who wrote (766)1/27/1998 9:15:00 AM
From: drakes353  Read Replies (1) | Respond to of 1521
 
Bryan:

Have not done much homework on PADN.

Not to be cruel or nuthin' but knowing how to spell the stock symbol would probably be a good first step.

I'm thinking of jumping in though what's a good price?

A good price to short the stock? Probably anywhere in here above $5. Please do yourself the favor of reading the company's SEC filing and the posts on this board before doing anything kooky (like going long.) How did you hear about PNDA anyway?

drakes353

PS to Pugs: How ya doin? PRODUCTING away no doubt.