Paracelsian Inc (PRLN) Message Board

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Biotech / Medical : Paracelsian Inc (PRLN)

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To: paul goldstein who wrote (2978)	7/23/1997 10:55:00 PM
From: Michael Yang	of 4342

Paul, It is indeed my feeling that Rhodes also sold shares on the open market. My suspicion is based on that part of Rhodes' salary, through some accounting tricks, is paid in stock (see their report). But then the number of his shares has not increased significantly for some time. Thus my feeling that he might have sold the sharesfor cash. It is possible that I am not understanding it right. Anybody has access to EDGAR to find out whether there's any sale besides Babish? I actually believe that Traveller has not sold. They bought over a million shares plus over a million warrants. The warrants were not exercised. Traveller still owns over a million shares. Again, correct me if I am wrong. I share your opinion that Babish was behind the botched dietary supplement launch. How else could it be? Ultimately, it is not Rhodes who lost. The science behind PN355 or 27 looked solid. If this is scam, then NIH/NCI would not have done the CRADA with PRLN. My worry was that no paper on the mechanism has been published yet. They have great scientific potential, but the bussiness running is sickening. The action of the stock is the reason why people now start to think that they are a bunch of scam. Michael

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