Pansophic Systems Inc lost its shirt in the wake of Meltdown Monday and yesterday came out with the shock announcement that it would have to restate its fiscal second quarter figures for the three months to October to show a net loss of $400,000 in place of the $4.2m profit it originally reported: the treasurer has resigned in wake of the losses, which totalled $6.26m, and the company is now having to take a $4.75m net charge for the period as a result: it has ended its policy of investing spare cash in equities to pick up the dividends, and instead will go for safer money market instruments; still, it says fourth quarter performance for the period to April 30 is looking very strong indeed.