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Biotech / Medical : Paracelsian Inc (PRLN)
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To: Judy Muldawer who wrote (3836)8/8/1998 10:59:00 AM
From: John H. Farro   of 4342
 
Judy, undoubtedly some will want to sell when the price hits $2 because they've been holding this loser for so long and they will want to put their money elsewhere. But I don't think that anyone who follows this logic really understands what is going on with this company. The company was on the verge of bankruptcy last January and was only saved because it came under saavy new management. It appears that with the North American Scherer deal the company is at least at break-even and will survive until the indefinite future. We will only get to $2 if we hear some new and exciting news-- my guess is that the signing of a World Wide agreement with Scherer will be the news that does it. Such good news would do more than ensure the company's survival--It will lay the foundations for solid growth-- and there is always a possibility that good news on the drug development front with SRI could launch this stock into orbit. I am going to stick my neck out and predict that it will take much less time for the price to go from $2 to $3 than it will take to go from $1 to $2.

Judy, I don't know how much stock you have, but from past postings I gather you have a sizeable holding. If all goes as planned you might be able to do more than just buy a piano-- you might be able to buy the factory that made the piano <g>.

Robin
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