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Biotech / Medical : Paracelsian Inc (PRLN)

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To: paul goldstein who wrote (2903)6/10/1997 7:47:00 PM
From: richard davis   of 4342
 
Hi Paul!!!

Its your conscience.

My only comment about the press release is that Dr. Ip is the Executive Vice President and Chief Operating Officer of American
Biogenetic Sciences, Inc., a biotechnology company, since Feb., 1997. Dr. Ip
previously held the position of vice president, corporate & business development for
Paracelsian in 1996 and has extensive knowledge of Traditional Chinese Medicine and
herbs. Dr. Ip has been elected a Class I director whose term will expire at the 1999
annual meeting.


Who here knew that IP had left Paracelsian? I had heard he was like number 2 at Paracelsian behind babish. I can't believe they decived us on this point also.

Going back in time... In February, babish was selling, the stock was dropping, and IP left. I am starting to wonder if EVERYONE but us knew things were in the toilet.

Rick
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