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Biotech / Medical : PRCY - ANY BODY HAS ANY NEWS ON THESE

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To: Douglas who wrote (412)11/4/1998 7:33:00 PM
From: tom jones   of 670
 
To all: Procyte thoughts and questions.
Does anyone know how big Advocare is or how much revenue Procyte expects to make from sales to Advocare?
Management may repurchase stock to raise PRCY stock to over $1. This may not be a bad plan because they have $8 million in cash and they could just spend $4 to buy 6 to 8 million shares. If the price doesn't go over $1 or falls below $1 later it would only take a few million by insiders to take the company private. A reverse split could do the same thing (company doesn't spend any money) but insiders have bought about 100,000 shares this year and may not want to have their own shares decrease. The companies Procyte is merging and dealing with have stakes in PRCY also.
Anyway something will happen before Christmas.
Comments?
Tom
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