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

To: Mike Farmwald who wrote (1249)	4/30/1998 10:55:00 PM
From: Mama Bear	Read Replies (1) \| Respond to of 1521

The sellers were banging away today. I thought of covering at 4 13/16 because there were ~14000 being bid at 3 3/4, and volume was ~50k. I looked back 10 minutes later and 4 3/4 had been taken out. Most encouraging, especially considering today was rally day on Wall Street. Barb

To: Mike Farmwald who wrote (1249)	4/30/1998 11:03:00 PM
From: dumbmoney	Read Replies (2) \| Respond to of 1521

To all: Does anyone know the performance target Panda has to meet to get the additional $4M from the last convertible? I calculate that they are going to need it quite soon... This is the key condition: (v) On each day during the period beginning 20 days prior to the Put Notice Date and ending on and including the Put Closing Date, the Market Price for shares of Common Stock (as defined in the Certificate of Designations) shall not be less than $6.00 (subject to appropriate adjustment in the event of any stock dividend, stock split, combination or other similar recapitalization affecting such Shares). The way I read the 8-K Panda can "put" the shares 60 days after the registration for the original shares becomes effective.