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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 (212)7/25/1997 12:20:00 PM
From: Douglas   of 455
 
PROCEPT INST. EQUITY HOLDERS-Selected Federal Filings Newswires

Here is the number of shares held as reported on 12/31/96:

New York Life Insturance Company 613,811
Dawson-Samberg Capital Mgmt. 372,763
Westfield Capital Management 163,683
Putnam Investment Management 110,000
Barclays Global Investors 60,500
Weiss, Peck & Greer, L.L.C. 60,000
Emerging Growth Management 40,921
Lasalle National Trust 13,000
Wood Island Associates 10,000
Travelers Investment Management 2,000
Hawaiian Trust Company, LTD 156
Total 1,446,834 Percentage is 1,446,834 / 19,745,202 = 07.32%

From the Form PRE 14A:

Aeneas Venture Corp 1,184,393 shares = 06.00%
HealthCare Ventures 831,325 shares = 04.21%
Executive Officers 1,262,088 shares = 6.39%

From the Form 13D filings:

Paramount Capital 5,973,334 shares = 30.25%
Michael Jesselson 800,000 shares = 4.05%

Grand Total = 58.22%

Probably closer to 60 % of the company is owned by institutions or executive officers!
There has been a lot of selling lately in 50,000 share block size. I believe that the new
holders of stock are adding to their positions during this fire sale. Let's hope that who
every is selling is finished soon. The stock hit a new low of 25 cents this week.
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