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Biotech / Medical : Paracelsian Inc (PRLN)
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To: A.R.Venkatesh who wrote (4163)2/4/1999 8:29:00 AM
From: John H. Farro  Read Replies (2) of 4342
 
A.R.

I also bought some more PRLN recently. I've been in and out of this company since 1993 and I think I would have been a rich man by now had we had competent management since the beginning. I lost a ton of money under old management before selling all of my stock--I think it was in April 1997 that I sold. I had become convinced at that point that PRLN's management was so incompetent that they would probably not be able to pull off the AndroVir launch. I didn't realize at that point that management was corrupt as well as incompetent. I bought 10 shares in early July so I would be able to go to the stockholders meeting and question Rhodes. To say that I was not impressed by what I saw is an understatement. I've reinvested fairly heavily since new management came in--my most recent purchase being at 1 5/32 after the Ah Immunoassay announcemnt. There is still no guarantee that the company will ultimately be successful, but things are looking much more promising than they were even a few months ago.

As far as your predictions for three great news releases:

1) I am 100% sure that the major BioFIT promotion will occur.
2) I am 90 - 95% sure that they will get a contract signed for the Ah Immunoassay.
3) I would not be at all surprised about a partnership with a major pharma to develop a compound that could fight multi-drug resistant HIV virus. I am far less sure about the timing of this event. I think it is highly likely to occur at some time in the future, but I don't know if it will happen this spring. If someone stuck a gun to my head and forced me to guess, I would guess there is a 40 - 50% that we will see this announcement this spring. I really hope you are right in your prediction, A.R.

Robin
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