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 31.91

+1.9%

Nov 7 9:30 AM EST

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To: Trumptown who wrote (186)	7/12/1997 12:56:00 PM
From: Douglas	of 455

INFORMATION FROM SEC FILINGS A SCHEDULE 13D WAS FILED ON 7/10/97 (DATE OF EVENT WAS 7/2/97)FOR MR. MICHAEL JESSELSON. MR. JESSELSONS PRINCIPAL OCCUPATION IS INVESTOR OF JESSELSON CAPITAL CORPORATION. HE PAID $335,937.50 FOR 1,144,604 SHARES OF PROCEPT (8.34% OF THE 13,720,334 OUTSTANDING SHARES). THE PURCHASE WAS ON THE OPEN MARKET. IF YOU TAKE THE VOTING SHARES OWNED BY PARAMOUNT CAPITAL, THE PERCENT OWNED IS 5.8%. MR. JESSELSON BOUGHT 575,000 AT .4375 AND 225,000 AT .375 THIS IS AN ENCOURAGING SIGN! I AM ALSO THINKING LONG-TERM. ANY STOCK APPRECIATION IS BOUND TO BE LATER THIS YEAR.

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