Procept (PRCT): 50% rise on high volume. Why? Message Board

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Biotech / Medical : Procept (PRCT): 50% rise on high volume. Why?

PRCT 30.64

-0.4%

10:56 AM EST

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To: Douglas who wrote (69)	4/4/1997 11:47:00 AM
From: Gerald Thomas	of 455

I saw that about Pallai leaving a few weeks ago - thought it was a turning point of some kind but wasn't sure what kind... As far as the other stuff (and I don't mean this in a nasty way) there is a huge credibility gap when they talk about timetables.. their systemic trial was to be completed in 4th quarter of 1996 and the first news was the sec document three months late not even explaining the results. It's fine that they made a determination to go with the topical trial but I think every thinking investor would like to know the results of pro-2000 when tested in humans...that would say a lot as to what the results would possibly be in the topical trial...not to mention putting about 10-15$ on the stock price (if somewhat positive). And think about it -what would they have to lose by saying that while positive results occured because of competition or cash problems they opted to go with the topical trial... leaving it hanging like this with no explanation is why the stock is selling for .75. It is possibly management at it's worst or worse yet maybe there was a problem with pro-2000 either way they have to explain or the stock goes nowhere.

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