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Biotech / Medical : Paracelsian Inc (PRLN)
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To: Judy Muldawer who wrote (1385)1/25/1997 8:16:00 AM
From: Harvey Allen   of 4342
 
Judy- These people paid a buck a share:

from:
sec.gov

During the period, August through October 1995, the Company sold
300,000 shares of common stock and 102,351 of convertible preferred
stock in private transactions generating net proceeds of $5.7 million.
During the period October 31, 1995 through February 1, 1996, all of the
holders of the convertible preferred stock converted such shares into
5.4 million shares of common stock.

In other words they sold 50% of the company for $5.7 mil.

Harvey
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