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Biotech / Medical : Pharmos (PARS)
PARS 2.700+13.6%Jan 21 4:00 PM EST
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To: rjk01 who wrote (1273)10/18/2004 11:22:25 PM
From: Clarksterh  Read Replies (1) of 1386
 
rjk - It’s my opinion that the cash raised in recent months was to allow the comp to go solo once the good news is out.

I humbly suggest that on the face of it that wouldn't be a good idea for them since they clearly have enough cash to get through until DEX results are in and they could get much more money for less dilution if the DEX results are positive. I suspect they are getting the money just in case some kind of followup (e.g. a subgroup is good, but the whole is not) is required.

Just my thoughts. Comments.

Clark
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