Procept (PRCT): 50% rise on high volume. Why? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Procept (PRCT): 50% rise on high volume. Why?

PRCT 31.91

+1.9%

Nov 7 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Trumptown who wrote (245)	9/4/1997 8:37:00 AM
From: Douglas	of 455

I agree with you, what happened to the Board of Director's Fiduciary Responsibility? It seems that Procept sold out to Paramount Capital! It wouldn't surprise me if you see a lawsuit challenging this agreement. It wouldn't be the first lawsuit against Paramount Capital. It looks to me that Procept must be anticipating some opposition to the stock split. To assist in the solicitation of proxies, the Company has engaged D.F. King for a base fee of $3,500 plus an additional fee per contact made. Maybe Procept remembers that the preferred stock proposal didn't get approved quickly! I found this report on Paramount Capital, but couldn't find the 13D: Procept Inc. 13D(A): Group Has 55% Stake Select Federal Filings Newswires, 09/03/1997, 74 words

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next