Conclusion of PRLN Annual Meeting
At the close of the meeting I commented that, in a clear sense, Paracelsian is a company that is only three months old. And without the Biomar buyout, it is likely that Paracelsian would have gone bankrupt, and our shares would be worthless. In sharp contrast, we own shares in a very exciting, albeit a "new" Company. Our future is bright-far different than it could easily have been. I thanked Colin and Nelson for their efforts, and for their dedication to the stockholders of Paracelsian. That others endorsed this gratitude was shown by a long round of applause.
This exhausts my notes. If there are questions, I shall (attempt to) respond to them as time and energy permit.
In my judgement, 1997 was a nightmare for Paracelsian. I continue to hope that those responsible for that nightmare will suffer as appropriate. And yet-well, that which attracted us to Paracelsian endures.
I am (well) past offering investment advice. But the quiet confidence of Bernie Landes, and the new Board of Directors, is inspiring.
Jonathan
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