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Biotech / Medical : PRCY - ANY BODY HAS ANY NEWS ON THESE

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To: Peter H. Proctor who wrote (112)6/2/1997 1:28:00 AM
From: Vip   of 670
 
Dr. P: About two months I telephoned their 1-800 number and talked with the marketing representative. She was very personable and upbeat. She said she had worked in similar product start-ups at other firms in Procyte's geographic region. I doubt that the stock is suffering from short sellers as there usually is low volume and the stock has been under $5 for quite some time. I think the stock is lacking enough buyers relative to sellers who are throwing in the proverbial towel. It is sad that the stock is selling for cash on hand. the stock market is discounting that there will not be sufficient sales or contract revenue and that the company will eat up its cash reserves. That is why the company needs to see the light and team up with a major medical company to market their products. Enough for now.

Thanks for Your Post,

Vip
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