Paracelsian Inc (PRLN) Message Board

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Biotech / Medical : Paracelsian Inc (PRLN)

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To: Hank who wrote (2376)	4/15/1997 5:44:00 PM
From: John H. Farro	of 4342

My better judgement tells me I should stay out of this, but: Hank, I've been on this thread a lot longer than you have. That certainly doesn't mean I'm any smarter or any better at judging this company than you or anyone else. But I do believe Richard M. is calling it as he sees it. I don't see any reason why it would bother him that there are bulls left in this stock. And I believe he would post a positive press release as well as a negative one. I have seen Richard flip several times between being bullish and bearish on this stock, and if PRLN can get their act together by hiring some quality people and if they do hit the ground running with AndroVir in May I have no doubt he will be bullish again. I think Richard's point is well reasoned in that Traveller's is unlikely to micromanage PRLN. They have hundreds of stocks and I doubt they have the personel or the interest to save every one that is in trouble. So I have my doubts that they will pour more money into saving PRLN. On the other hand, there is a reason why they might not sell which others haven't touched on. The price of the stock has come down so much that they are not likely to get much for it. Imagine trying to dump 2 million shares on this market. As soon as they started dumping shares that would depress the price of the stock further. So while they might get $1/share for the first 50,000 shares they dump, they will get considerably less for dumping later shares. What's worse, if other stockholders found out Travellers was dumping, they would dump there shares further driving down the market. As a result, Traveler's might not be able to raise enough money to justify dumping their shares as opposed to risking total loss in return for a chance at a large gain should PRLN turn its act around. Robin M.

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