Paracelsian Inc (PRLN) Message Board

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Biotech / Medical : Paracelsian Inc (PRLN)

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To: Richard Mazzarella who wrote (618)	10/10/1996 8:28:00 PM
From: John H. Farro	of 4342

Rick, I am either going to look extremely stupid or extremely smart since I am so heavily invested in PRLN. I just bought 2000 warrants at $1. I'm a buy and hold investor who trusts the fundamentals of this stock. I've never done well on market timing. I only have a relatively small amount of money to invest (gamble?) and I'd rather put it in warrants which have more leverage than in stock. The warrants won't expire until September. The way I see it, Paracelsian will either make it big by then or this will turn out to be a bad bet. If it turns out to be a bad bet, the stock won't be worth much. If it makes it big, I'd rather have the leverage the warrants bring. Of course, the company could theoretically call in the warrants before September, but I don't think they will do this unless they run low on cash, and with the recent $2 million private placement I don't think this will happen soon. Robin Messing

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