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 31.90

+1.9%

3:59 PM EST

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To: Ken Hays who wrote (308)	12/4/1997 5:00:00 PM
From: Douglas	Read Replies (1) of 455

Procept is using the same company as Palatin! Dow Jones Newswires -- December 3, 1997 Palatin Tech Says Finance Firm Not Part Of Federal Mob Probe PRINCETON, N.J. (Dow Jones)--Palatin Technologies Inc. (PLTN) said Paramount Capital Investments LLC, a firm Palatin has used as a source of financing and as a financial advisor, isn't related to a company mentioned in a Wednesday Wall Street Journal story about the widening of a federal investigation of mob activities on Wall Street. The Journal story said that Paramount Capital Management Inc. is one of three "small brokerages" that the U.S. Attorney's office in Manhattan is examining to determine if the firms have defrauded investors and whether organized-crime members may have infiltrated the firms and laundered money. Palatin said Paramount Capital Investments, a private equity investment placement specialist, has "no relationship whatsoever" to Paramount Capital Management. Palatin closed up 1/2 today!

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