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Biotech / Medical : Paracelsian Inc (PRLN)

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To: Hank who wrote (2344)4/13/1997 1:07:00 PM
From: Harold Stone   of 4342
 
Hank,

Good observation. Travellers does own SB, and I have reached the same conclusion as you in regards to why $1/share is a strong support level.

Have to agree on your perception of the scientific community. There was probably some hurt pride when JB left and sold shares but also believe he needed money till his next position. Was sorry to see him leave but like you believe there are a many people who can take over.
Remember, he still holds his warrants, which I take to be positive.

Cornell is a world class research university that has a talent pool that can be tapped, in addition to having a material interest in PRLN as a shareholder. IMO the scientific leadership will come out OK.

Harold
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