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Biotech / Medical : Paracelsian Inc (PRLN)

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To: PETE DARRUDA who wrote (1827)2/19/1997 5:53:00 PM
From: John H. Farro   of 4342
 
Pete,

I think you do not understand the fundamentals of this stock, nor are you clear on cause and effect. I have seen no evidence that you ever had this stock to sell to begin with. You never demonstrated an interest in it before you and Larry had a scuffle on the HCCA thread a few weeks ago. If you understood what was going on here you would realize that the old CEO did not resign because of troubles in the company-- he was pushed out by the board because there was a difference of opinion on how the company should be lead. In my opinion there were some boneheaded moves made under his management and he was given a push by the Board of Directors. Sometimes its necessary to sack the coach if the team does poorly. It looks like management has recognized their mistakes and have taken corrective action. Jettisoning the old CEO was a necessary first step in setting the company on the right path.

Robin Messing
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