PRCY - ANY BODY HAS ANY NEWS ON THESE Message Board

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Biotech / Medical : PRCY - ANY BODY HAS ANY NEWS ON THESE

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To: Peter H. Proctor who wrote (358)	5/3/1998 11:47:00 AM
From: VultureInvest	Read Replies (2) of 670

No dilution for acquisition Looking over the deal, their does not appear to be any dilution from the purchase of Humantech. 1. The deal for firstly $1.5 million in cash. I bet the growth in revenues in one year will outpace this figure. Also, the use of 1.5 million shares in addition to cash doesn't have much impact on present dilution conditions as the company still maintains loss. In fact the loss per share will be lower. 2. Goodwill along with added sales channels should potentially contribute to book value along with any gains in sales over the next 4 quarters. 3. Humantech owners probably viewed a company like PRCY as being more favorable a purchaser than a larger corporate play (i.e, Johnson&Johnson, Merck, etc)since upside potential can be more significant. 4. The company still has approx $9 million in cash? This, perhaps, represents more purchasing power than one might expect. Go Procyte!!!!

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