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Biotech / Medical : Paracelsian Inc (PRLN)
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To: Harold Stone who wrote (3785)7/29/1998 7:40:00 PM
From: Harold Stone  Read Replies (1) of 4342
 
Robin,

Just some thoughts.

When Paracelsian became a new company some of us expressed a show of support based on Colin Campbell ,the superior board of directors along with the addition of Bernie Landers When additional experts were added they were also first class. I say this in hind sight since quite frankly I knew very few of the Board members except by the brief description of their backgrounds. When Sidley & Austin was retained I didn't have the slightest idea of their qualifications except for a brief descriptive Press Release.

Perhaps I'm premature but it seems the stockholder support shown in January has been justified over the intervening months. We have seen clear evidence that management has a plan and is working diligently to implement it. Shareholder value also seems to be a priority with the company. The day will come when they do something we don't fully agree with and then the wrath of the "Forums" will be heaped upon management's head. There are still questions we would like to have answered. I have to believe that with this management team our questions will be answered when its prudent and timely to do so.

The primary reason I am a stockholder today is Colin Campbell. Placing my trust in what I believed a person of character and excellent business ethics, I have never regretted my decision. I personally believe that it is because of Colin that the company has been able to advance as far as it has in six months.

Lest we forget, it's the market that establishes the price of stock and not the company, sometimes I think we forget.

Harold

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