Paracelsian Inc (PRLN) Message Board

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Biotech / Medical : Paracelsian Inc (PRLN)

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To: Hank who wrote (3140)	8/22/1997 4:58:00 PM
From: Harold Stone	of 4342

Hank, No such thing as a stupid question but there are occasionally stupid answers. Basically warrants are the same as equities they can be bought and sold the same way. The 45.1K was @ the bid price which would indicate a sale rather than a buy. The bid @ the time was .12+ and the ask was @.15+. The trade was @ .12. A warrant is nothing more tha a right to purchase shares of common stock at a specific price by a specific time. If the warrant is not exercised you end up with more wall paper. Like equities you need a buyer. If this isn't clear ask me again. Harold

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