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: Douglas who wrote (199)	7/18/1997 2:12:00 PM
From: Douglas	of 455

Posted on the Genta thread: Request for Information. I currently own some stock in a company called Procept (PRCT). Procept is a small biotechnology company suffering from a lack of operating cash. In the last year they have had a reduction in staff of 30% and have restructured their product development efforts. Procept has something similar with Genta, that's Mr. Michael Weiss and Paramount Capital. The Aries Funds recently invested $3 million in Procept. Michael Weiss was also elected as Interim Chairman of the Procept Board of Directors. Based on your experiences with Paramount Capital and Genta. Is this a positive or negative for Procept? If you have any comments, please respond on the Procept thread. I am particularly interested Genta's use of preferred stock, reverse stock splits, and how the stock price responded. Thanks.

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