The Panda Project (PNDA) Message Board

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Technology Stocks : The Panda Project (PNDA)

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To: Mike Farmwald who wrote (845)	2/9/1998 9:31:00 AM
From: Mitchell Ryan	Read Replies (1) of 1521

<<What he got was much more interesting. They (IIRG) said that Panda is going to announce next Tues that GM, EG&G, SAAB and "others" have ordered samples of Panda products. (I wasn't clear whether it was VSPA or Compass). They strongly encouraged my friend that the stock was a good buy. They also said that the road show has been canceled due to the crush of orders. Also, they are busy trying to close a financing and there may be an announcement next week.>> If sales are so brisk, then why the need for bridge loans and last minute financing? This sounds like an act of desperation to keep the stock price inflated. It will be interesting to see what happens today. So far, it doesn't appear as though the IIRG leaks have had much effect, since the price has been dropping precipitously. Ryan

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