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Biotech / Medical : Paracelsian Inc (PRLN)

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To: Jonathan Schonsheck who wrote (3794)7/31/1998 11:34:00 AM
From: Harold Stone  Read Replies (1) of 4342
 
Johnathan,

I like the thought of a contest.Since you solicited the suggestions of the forum I have a couple of thoughts
that might be considered.

>I was thinking about the design of a contest called "Bustin' a Buck," wherein contestants -
you - would predict the event that would propel PRLN past the $1.00 point. But that, as the
saying goes, is history.<
A 1.00 price is history; I don't think so. Unless some buying or good news comes along we could languish in this range until a good support range is established above 1.00.

>So: I hereby announce a contest: "Doin' a Deuce." The contestants - you - are to predict
what event will send the stock past the $2.00 mark.<
Seems like a good price and yet reachable with in a reasonable period of time

>I propose: predictions must be quite specific, and not vague ("the announcement of good
news").<
I agree, the more specific the better.

>The decision of the Market is final.<
Does this mean that it just has to break 2.00 at any time during the day or be the closing price for the day?
Due to the volatility of small stocks how about if PRLN has to stay at 2.00 for 5 trading days in a row for a winner to be declared?

>What, besides our admiration, can we offer to the winner?<
How about an honorary title, i.e. "GURU OF THE PARACELSIAN FORUM"

>Should the predictions have to include a date?<
I think a date can be too confining to be a rule of the contest but could be submitted at the option of the contestant. What happens if the date passes and the event has not occurred can the contestant submit another prediction?

SOME OTHER THOUGHTS
A judging panel consisting of maybe three posters. One to be you and two others who you select whose decision would be final.

The rules published at the start of the contest.

A chart showing each persons prediction which could be updated as more participants join so that we could see each persons selection at a glance. Would also be very interesting to know how long each of the participants have followed PRLN, not how long they have had a stock position in the company.

Enough for now. Hope I haven't just tried to make the contest more complicated than necessary.Think I might have duplicated some suggestions made by other posters. Sorry about that.

Harold
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