Pharmos(PARS) Message Board

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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: crysball who wrote (1040)	7/18/1998 7:46:00 AM
From: Omer Shvili	Read Replies (1) of 1491

You can be sure that if PARS will raise money in the future, it will not come from the like of Castle Creek. Currently, PARS has two approved drugs, one more entering phase III and HU211 in late phase II. At this stage, PARS will not need to raise money from hedge funds. If the company will raise additional funds (I hope and believe they won't), it will be done with a large investment bank. Bob Cook (CFO) said that such private offerings are a thing of the past, and we won't see any more in the future. I believe that PARS won't need to raise additional funds. A partner for HU211 will pay an up front fee, which will be sufficient. With the cash from such a deal, PARS will start posting positive cash flow before it runs out of cash. Omer

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