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

To: Rubber Man who wrote (844)	2/7/1998 7:12:00 PM
From: Mike Farmwald	Read Replies (3) \| Respond to of 1521

I have some interesting information on Panda. I had a friend call Panda investor relations to ask about the road show (I can't call directly - I'm probably at or near the the top of Stanford's enemies list). 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. It seems fairly certain they've been calling anyone considered friendly to Panda and giving out this information. It somewhat explains what the stock has been staying as high as it is (given the current dire financial circumstances), and why anyone would buy the stock. However, more interesting to me is that this appears to be a clear violation of security laws, i.e. giving advance warning of materially significant events selectively. They clearly believe the announcement is important as they told my friend this repeatedly. I've heard rumors of this behaviour before, but this is the first time I have any proof. I've called the SEC and am composing a long email detailing what I know about Panda and IIRG (International Investor Relations Group), and asking that they investigate. If anyone has only other information that might help, I'd appreciate it. Mike P.S. Of course, I think the announcement is just more of the same BS they've always put out. The selective disclosure is what bothers me. P.P.S I wasn't sure whether to post this information. It runs the risk of making both Panda and IIRG clam up and be even more selective about these disclosures, making it harder to get additional proof. I decided it probably was better to disclose than not.