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Microcap & Penny Stocks : Pharmos(PARS)
PARS 2.700+13.6%Jan 21 4:00 PM EST
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To: yosi s who wrote (1013)7/15/1998 5:14:00 PM
From: Zvi Steinberg  Read Replies (3) of 1491
 
Yosi,
2Q earnings should be out towards the end of June.results will be very encouraging. good sales Nos from Lotemax and Alrex. Both drugs are slightly ahead of sales projections to date. results of Ph 2 unblinding may be presented at the Largest neurological conference in mid Oct where pharmos will be a presenter.
Two smaller brokerage firms are now doing due diligence evaluating Pharmos for coverage. likely to have covereage by sept. The larger firms, Alex brown included, say they need to see a trend of rising revenues from eye drugs sales and known results from Ph 2 unblinding before comitting to coverage.
regarding the latest price performance: PARS is not marginable and cannot be shorted. Only Market Makers whose role it is to maintain an orderly market can short a non marginable stock. this is a speculation but there could be some collusion on the part of the Castle Creek partners, our latest private placement, with some MM to make the stock price go down ahead of them converting their shares at 10% discount to the Then current market price. That will be a coup for them if the could convert and buy stock at $2-2.25 ahead of all the expected good news we should have between now and the end of the year. These are thoughts of someone who is very knowledgeable.
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