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

To: Mike Farmwald who wrote (823)	2/5/1998 2:56:00 PM
From: TheLineMan	Respond to of 1521

I think your right, but Helix is now in a position where it can walk away with company's intellectual assets - I don't think it will get any better for Helix. I'd even say it may be in Helix's best interests that PNDA goes down now.

To: Mike Farmwald who wrote (823)	2/5/1998 3:40:00 PM
From: Mitchell Ryan	Read Replies (1) \| Respond to of 1521

<<I'd love to believe in dire secret plots, but I don't think they're true. Among other things, Helix would face huge lawsuits (Stanford also, but his pockets aren't very deep). Too little to gain and too much to lose.>> Mike, Crane and the rest of the Panda board will probably be facing lawsuits anyway in the event of default on the loan and subsequent bankruptcy. The board is supposed to protect the shareholders interests, and it can can be argued (perhaps unsuccessfully) that Panda's intellectual property was worth much more than the $2M loan. If the shareholders didn't believe this, then Panda's market cap would be much lower than its current $60M+. After all, for a company with virtually no revenue, shouldn't the market cap less net tangible assets represent the perceived value of the intellectual property? Ryan