Pharmos (PARS) Message Board

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Biotech / Medical : Pharmos (PARS)

PARS 2.700

+13.6%

Jan 21 4:00 PM EST

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To: Tony van Werkhooven who wrote (562)	2/28/1999 12:27:00 AM
From: LLCF	Read Replies (1) of 1386

<David- In a recent prior post I mentioned that PARS IR had indicated 1500 Pref. Shares were still outstanding- meaning 1.5 Million face amount.> Yes, thank you for your post... someone else says: <FYI, Castle Creek had just under 5000 shrs. remaining for conversion as of last week.> This doesn't seem to make sense... since thats the whole 5 million. What I'm worried about is this: We get a week market and these bad boys close the stock down near $1 during the sell off for a few days using 1/2 mill say to beat it down there.... then they blow their wad for 2 days and close it at like 1/2 buck or even lower on the last day or 2... they could then exercise and cover. This is why I refuse to "load up the boat" on this thing till these bad boys are done! I'm sure many others think the same thing. If these bad boys whack it down there I want to be a buyer and steal the stock with them...not sit there dumbfounded! I also saw a post about these bad boys as a hedge fund looking for $3 share on the stock or some such thing and that they must be disappointed as well. Don't you believe it, these bad boys will do whatever they can to make money... they are short the stock against the warrants, and are looking to make whatever they can on the convert, they don't make money when the stock rallys! They make money by manipulating the stock and exercising at opportune times. Some people don't realize... this security has nothing to do with prefered stock or any other normal security. This security (stretching it... this legal document is more like it) was invented to take advantage of unsuspecting companies in need. Luckily it's almost over and I think we should be doubling up here when this thing is goind away... I'm buying a bit all the time but want to know when this thing is almost or IS finished. DAK

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