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: Ariella who wrote (1052)	7/25/1998 9:32:00 PM
From: arnie h	Read Replies (1) of 1491

Ariella - sorry didn't have time to get back to the thread before but I wanted to thank you for putting the effort into the timing of the short slammers. Short selling has just edged up some more to 1.14 M shares so I think you've put together a pretty sound scenario. Wondering about your $2 figure, though. The price could get down to about $1.75 without doing any real technical damage. Incidentally, have you or others wondered why the CEO and CFO would buy small amounts of stock at $2.5-$3.0 per share in the face of a forthcoming downdraft? Went back and checked the estimates I made last Nov. It was for a loss of 6 cents a share this year and a profit of 10 cents in '99 (EBITDA). Revenues started later than projected for this year but should be OK for next. The basis was for 43.5 M shares which seems now like a good guess at least according to one of David's last postings. Should be some 30 cents a share in 2001. These figs take into account paying back the money owed for LE. Certainly should be good enough to support price levels beyond today's rather deflated price. Am concerned about the change in dosage for HU 211. I keep worrying that someone is unblinding the trial. We've had a number of comments ,especially at an earlier period, that has caused this concern. And at any rate, changing parameters usually slows things down since fewer stats make significance more difficult to establish. Sure hope you and the others are right about 10 weeks. While I've complained countless times about the hedgers, I've also pointed out that the company apparently couldn't raise money any other way. So,it's just one of these things you have to grin and bear it; and hope it doesn't happen again. Since, we'll be out of money in about 6-8 months we'll know pretty soon where money matters stand. I sure hope we aren't asked to authorize any more shares. We've authorized 60M at this point. That should be plenty. Regards. Should be a fun week for PARS stock price. Arnie H

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