Rick,
I am sorry about the situation with me spreading rumours. I had just
picked up a PRLN quote from "YAHOO!" quotes and it said the ASK=0, and
that the last trade was 0. I thought this meant that the NASDAQ had
delisted them. Anyway, as for my understanding, I thought that the
NASDAQ was going to start delisting any company that didn't trade over
$1.00 per share for a month. Somebody correct me if I am wrong, but
Paracelsian Inc falls into this new situation.
Anyway, I don't (unlike some others on this newsgroup) believe there
was anything sinister about the PRLN boards behaviour, or their basic
business strategy. This company has fallen victim to the most common
killer of companies, ie; undercapitalization. I liked their screening
methodology, their aggressive marketing, and they certainly win some
awards for trying to create products that are beneficial to the human
race. Its not like they manufacture biological weapons.
As for us investors, we must all admit that it was greed that brought
us to Paracelsian's door with our hard earned cash. After all, would
any of not agree that this company was a long shot? If we really want
safety for our principal investment, I suggest that anyone interested
in drug companies to invest in the J 'n J's, Pfizers, and Mercks of
the world. Hugh market caps, massive R and D budgets, and all the
other things that make a stable company grow. You won't get rich
quick, but patience will pay off.
One last note, if there are lawyers representing Paracelsian here on
this board, I hope they realize that the hopes and dreams of people
often go up in smoke with these small-cap companies, and that they may at times become
bitter and say things they regret later. Not to take it personally.
I still actually hold my original position of PRLN and hold an outside
hope that they can find a way to stay alive and continue the testing
of what I believe may be promising theraputic drugs, but have also no
hard feelings toward the company because, I do believe they tried
their best under what are very difficult conditions to bring drugs to
the marketplace in the 1990's.
Ciao,
-John
ps I wish everyone the best in the future...may we find a silver lining in a cloud somewhere... |
