Paracelsian Inc (PRLN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Paracelsian Inc (PRLN)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Rick Costantino who wrote (4210)	3/24/1999 7:55:00 PM
From: John H. Farro	of 4342

Rick, It's great to see you back. If memory serves me right, I think AndroCar was one of the candidates they tested. This stock shot up to $2 around Feb. 4 when they announced a partnership with a yet unnamed Japanese firm to market their AhImmunoassay. It has since settled into the 1 1/4 - 1 3/8 trading range. Yesterday it closed at 27/32 and today it bounced back to 1 1/8. A few observations: Remember back in 1997 when old management announced first the postponement of the AndroVir launch in May and its cancellation in June? There was a huge volume of stock traded the day before each announcement. I am inclined to believe that somehow the word had leaked out that some bad news was about to be released. It was quite different with the news about the recent tests. Their was no spike in volume or loss in price before the news release, indicating to me that Bernie probably released the news very soon after he found out. He didn't sit on the news and try to delay the inevitable. In other words, I doubt he will try to delay bad news when this happens. Not that I want to see bad news, but this is good to know. We haven't seen any information about the Ah Immunoassay deal with Japan, but if it had fallen through I am sure it would have been announced by now. One other thing. If Monday's news had come out half a year ago it would have taken a long time for the stock price to bounce back. Indeed, if you look at the hit the company took when it got delisted you will see that the stockprice dropped much more sharply than it did yesterday. This stock is in better shape to take a hit than it was before. I think the market has greater confidence in this company than it did last October and it is more willing to forgive its temporary setbacks. We scored big time on the appointment today. I assume Reilly had Scherer's blessing to move to PRLN. I'm guessing the two company's had coordinated the move. For PRLN to attract a Vice President of his experience from such a big company is quite a coop. The extra structuring is good for the company. Now two of the three divisions have solid leadership. I hope Bernie stays with the company a good long time, but it is not healthy for the welfare of the company to remain so heavily on the shoulders of just one man. Diversifying the leadership will create greater stability. Once again, well done Bernie! Go PRLN Go! Robin

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next