Parlux (PARL) Fragrances Message Board

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Non-Tech : Parlux (PARL) Fragrances

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To: M Goodson who wrote (148)	12/3/1996 7:26:00 PM
From: peter lo	of 527

I called vice president Jeff. today. I requested the company management team members to buy company shares to show their commitement to the company. He said he will reflect my view to the board director meeting. He told me many management members who bought company stock with very high price with margen account. They are subjecting margen call. I believe this is one big reason the stock keeps going down. Since the insiders are selling the stock due to margen call, people may think some wrong with the company and insiders are selling the stock. Another reason why the stock keeps dropping is that there is a charge which accociated with converting note this quarter. If your guys read the news very careful, you may find out this charge statement( one line). The charge is about $1 million. The earning for Dec. quarter will be bad. There are only about $5 milion debenture note. I don't understand why it takes $1 million charge. It should not take one million dollar cash to do so. If the earnings and revenues for last three years are true(they didn't lie or over state), I feel the company is a great buy at current level. The fair value of the stock should be above $8.00. Peter

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