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Biotech / Medical : Procept (PRCT): 50% rise on high volume. Why?
PRCT 29.67-2.5%Nov 14 9:30 AM EST

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To: Lee M. Davidson who wrote ()5/14/1996 11:38:00 PM
From: RICHARD LOCKIE   of 455
 
FINANCING MAY BE ANNOUNCED AT 5/16/96 ANNUAL MEETING
DOW J0NES NEWS (5/13/96) STATED COMPANY'S CHIEF EXECUTIVE
WOULD HAVE NEWS ABOUT IMMINENTLY FINANCING. HE SPECULATED
THAT INVESTORS ARE EXPECTING NEWS AT THEIR 5/16/96 ANNUAL
MEETING. THE COMPANY IS SPENDING ABOUT 1 MILLION DOLLARS
A MONTH AND HAD ONLY 4 MILLION CASH ON HAND.

RICHARD LOCKIE
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