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

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

PRCT 31.91

+2.0%

3:59 PM EST

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To: Douglas who wrote (292)	11/16/1997 3:36:00 PM
From: Daniel Shaffer	Read Replies (1) of 455

What Else is in the Pipeline? Thanks for your well-informed reply, Douglas. I can't recall the source, but I heard that there is a close relationship between PRCTD and Harvard Medical School. Maybe they are using faculty as consultants, med. students as interns, etc. At any rate, it strikes me odd that they should have so little trouble raising capital privately unless they are disclosing information and/or showing other products in the pipeline to those institutional investors that they are not showing to their own stockholders. Is that legal? > Couldn't find any reference to pay cuts! > Stanley C. Erck 1996 $231,000 > Michael J. Higgins 1996 $102,000" Pay is probably not out of line, but I'd feel a lot better if there were big equity "carrots" for these guys. > Stock ownership is too little: > All current executive officers and directors as a group > 7 persons............................469,074(before split) 2.3% It is very disturbing that the upper management and directors have so little to lose in terms of an equity stake. If I were involved in a new venture about which I was truly optimistic, I would be acquiring stock at the current prices. The potential capital gains could be enormous, if...... This company is a real puzzle to me. Is it that their PR is so lousy or that they just don't have much to say. The latter just doesn't jive with their capability of attracting new capital. Every struggling start-up that I've seen close-hand has found it extremely difficult to impossible to attract new capital when they are running out of money short of having a hot product on the market! Best wishes!

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