Paracelsian Inc (PRLN) Message Board

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Biotech / Medical : Paracelsian Inc (PRLN)

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To: John H. Farro who wrote (2584)	4/29/1997 6:19:00 AM
From: richard davis	of 4342

Robin: You are right on the money (no pun intended). No one in their right mind will join this company knowing that funds are only available until September, with no other chance of raising new cash. I guarantee top scientist at the firm are already looking for new jobs. 2 other sad facts: East West will find money to repay the loan to get out of the agreement. Why should they get drug through the muck??? And I am sure the CRADA is dead. Who from paracelsian is working on it? All that time, money and effort down the drain. One last thought Robin: When does a company have to submit their qt financial to the SEC? I have beem looking for the the balance sheet and income statement for the qt ending 3/31 for Paracelsian, but they have not released it. This should tell us financially how things are going. Anyone have any reason for optimisim at this point? Rick Davis

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