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Biotech / Medical : Paracelsian Inc (PRLN)

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To: richard davis who wrote (3103)8/20/1997 3:50:00 PM
From: Harold Stone   of 4342
 
Rick,

Agree that the board must act fast. IMO it was at the annual meeting that they might have finally have come to the conclusion that something had to be done. Not only Rhodes but the board was served notice that the stockholders have had enough.

Step one is to dump Rhodes. Step two bring in a proven, marketing CEO to move this company. Step three try to get John Babish to return as the head of all scientific functions. Step four see if Colin Campbell will return to the company in some advisory capacity until room can be made for him as a director by getting rid of some of the dead wood on the board.
The new CEO's #1 priority would be to get the necessary financing to keep this company running until it can function on it's own.

Just my wish list and how I would like to see things happen.

Have no doubt that they would go back to Andro Vir and Androcar. These are the products that can produce the fastest income once they start rolling.

>where is Travelers< Travelers is still around and still appear to hold a fair amount of stock and warrants.

Harold



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