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Biotech / Medical : Paracelsian Inc (PRLN)
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To: Rick Costantino who wrote (1812)2/18/1997 1:12:00 PM
From: John H. Farro   of 4342
 
Rick, I agree that the stock is cheap considering the news that came out of the conference. I know my feelings about PRLN's prospects have brightened considerably in the past month. To tell you the truth, things were really looking gloomy in January after we learned that the newsletter had folded after losing so much money and that they squandered over $1 million buying their stock back on the open market. But now that they are filing a new patent and have defined a plan to market AndroVir I think things should improve. I am amazed that the stock price fell after the conference.

You are right. They have fallen a couple of months behind in their planned campaing to market Androvir. It is now scheduled to hit the market in May instead of March. It is a little disappointing that they missed another self imposed goal, but at least they will be using the intervening time with a PR and ad campaign. Hopefully this will pave the way for robust sales when AndroVir hits the market. I wouldn't be surprised if we see the rollout date for AndroCar pushed back to September. I always thought that they were leaving themselves little room for surprises in announcing a July rollout date if they weren't going to have the AndroCar results ready before June.

But despite the delays, I think the price is pretty cheap right now. I am a very small investor, but I just bought 900 shares today at
2 1/4. I wish I had the money to buy more.

Robin
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