PRCY - ANY BODY HAS ANY NEWS ON THESE Message Board

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

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To: CYBERKEN who wrote (162)	7/9/1997 11:33:00 AM
From: Peter H. Proctor	of 670

Yea, Procyte apparently has a market cap less than its book value ( property plus carry-forewards ) even if they run thru all their money. I.e., the corporate shell is worth the market cap, even if they go broke. This does not even count the intellectual property. So, ya may as well hang in there. The company has essentially no debt. Wierdest thing I have ever seen in following the "Drug Trade" for a couple of decades. I've worked on related wound-healing agents since the '70's and know they work. Chronic wound treatment is a multi-billion dollar market. Also, I have never heard of a drug stock going down after an FDA-approval. Hell, I felt guilty about taking advantage of my knowledge of the field to buy their stock cheaply ( I thought ). No brainer, I thought <G>. My wild guess is that a lot of people got burned by this stock before and everyone is now a bit gunshy. Dr. P

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