Paracelsian Inc (PRLN) Message Board

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Biotech / Medical : Paracelsian Inc (PRLN)

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To: richard davis who wrote (3036)	8/9/1997 11:42:00 AM
From: John H. Farro	of 4342

Rick, I now know that I am definitely going to the stockholder meeting. I think this may end up being a bit more animated than most stockholder meetings. I don't know if Rhodes will allow anyone from the audience to speak or not. The only stockholders' meetings I've been to were two PRLN meetings, and back then they entertained all questions from stockholders. As Paul has indicated, it might be different this time. Has anyone ever heard of a stockholders meeting where they didn't allow questions or comments from the audience? This isn't normal, is it? Is stiffling audience participation legal? Do stockholders have a right to question management on what has been done with their money? Do we have any lawyers who follow this thread who know about free speach issues in a corporate setting? Is anyone else from this thread going to make the meeting? Am I ever going to stop asking questions in this posting? Who knows? Stay tuned . . . Robin M. P.S. Paul, you seem to be a pretty good source for knowing what Rhodes has in mind. I imagine that a few investors will want to know why he didn't keep us informed about the departure of key personell like Dr. Ip and Colin Campbell and why he only posted a story about Koch's departure after that information had already been posted to the thread. Some might want to know who was responsible for signing away rights to the Ah-Immunoassay and who decided to buy back about $1.3 million worth of PRLN stock on the open market at $5/ share while the stock price was in free fall from a financing deal gone bad. Some might want to know how many hours a week Alfred Alberts is putting in as a consultant to PRLN or whether his being hired as a consultant was a mere sop to keep investors happy-- a sort of Potemkin Village for PRLN? Some might want to know what happened to the AndroCar study that was supposed to be completed in June? How many scientists are now working for PRLN and in what capacity? How much money have they squandered on lawyer's fees in court and have they had to fire some people to save money so they could pay their lawyers? Some might want to know why Rhodes relieved himself of $89,000 of the money he owes to the company for his stock. Does he consider this a bonus for a job well done in increasing shareholder value, or will he admit that he is raping the company? A few investors might have the audacity of wanting to know when PRLN will run out of money if no new financing can be obtained. And some might be cynical enough to wonder out loud if there is any relationship between these questions and the rumor (probably fact) that he fought against having a stockholders meeting and is only holding one becuase he has been ordered to do so by a court. Paul, I have two questions for you. 1) Will you be supportive of Rhodes if he refuses to answer any stockholders' questions? Do you believe stockholders should have a right to ask questions of what management is doing with their money? and 2) How does Rhodes intend to prevent people from trying to ask questions? What will he do if people try to ask questions at the meeting? Any enlightenment you can give us on what Rhodes is thinking will be most appreciated since you seem to have closer ties to him than anyone else on this thread.

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