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Microcap & Penny Stocks : Pharmos(PARS)
PARS 2.700+13.6%Jan 21 4:00 PM EST

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To: Ariella who wrote (1030)7/17/1998 12:47:00 AM
From: ROBERT M. SILVER   of 1491
 
Ariella, I am extremely encouraged by the cash flow of $900,000 from product in the pipeline. Here is my reasoning. I expected a net to pharmos of $250,000 or less from June sales in the pipeline. That this was exceeded was a great relief to see that the company overhead may be covered by their two products.
More importantly if we assume that only 10% of the pharmacies that fill prescriptions received any supply then 90% of the pipeline remains unfilled. And if in each month 10% of the pipeline gets filled, it will take nine months to totally fill the pipeline. There is a good chance that the company can receive $! million a month for the rest of the year if the pipeline is filled in the manner I expect. Even if filled prescriptions total $100,000 in June and increase $100,000 each month, a modest number for sure by the 9th month the company will be getting sales equal to $1,000,000 per month as well.
This company can logically turn a profit by the end of the year.
My earlier forecast of $10.00 a share by December remains on target.
Look for an up day tomorrow.
Robert
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