Hank:
Judy, you said Jeff Goodman told you PRLN would have enough money to get
through 1997. If he implied the year 1997 then this was another lie since they will run
out of money in September. If he meant the 1997 fiscal year then this is not an example
of PRLN lying.
Hank, I am not going to get into a pissing match with you. But this is the reason the cash truth needed to come out. Paracelsian has lied about their financials. They had $2 million left on 3/31/97. I project as of May 31, they may be down to 1.2-1.5 million. They are going to start running into SERIOUS financial problems real soon. No bank in the world will lend them money, and they will need to lay off and cut salaries. I don't see anyway for them to roll out AndroVir with such little bit of money.
The legal problems concern me as attorney fees in such situations can be significant. Robin has asked 20 times, who would want to be the CFO or CSO of a company that is on the brink of running out of cash????
Hank, I do get it. Thats why I kept asking the question. Always remember that a serious question deserves a serious answer. In my situation, I believed without asking some serious questions.
Larry: for you, I am sorry for this outcome. I am glad you are standing tall, as their is a chance, that things will work out. I hope for you, other investors, as well as those with AIDS and cancer, that they do work out.
Rick D |
