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Biotech / Medical : Palomar Medical Technologies, Inc.

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To: Doug Grant who wrote (293)3/10/1997 4:34:00 PM
From: jeeza   of 708
 
hang in there folks

biz.yahoo.com

A spokesman for Palomar, which today said it received U.S. Fodd and Drug Administration approval to market its
EpiLaser hair removal system, denied that the company is infringing on the patent in question.

"We have thoroughly and laboriously reseached the possibility of infringing on the Zaias patent and we are
absolutely confident that we are not doing so," said John Ingoldsby, Palomar's director of investor relations.

"We believe their suit has absolutely no merit," he said.

my personal comments

trading pattern has been very weird these past 3 days
this is because some "select" people know all the facts
while the rest of us....play on hope and fear

I am utterly disgusted with management style
they knew about the FDA approval on thurs...why no announcement on friday ?? ....the big boys did get in on friday
the were notified about the suit on friday
why didn't they inform the investors about it...before or with the FDA approval

managemnt is acting like street crooks
probably lining their pockets and those of the big boys

ps: 30K block buys at 3.30 and just before close

as to why price dropped this am after news
lot of hot=momentum is playing PMTI
expect wild swings for a while

if u have lost money on PMTI ....I would seriously urge u to write a letter to the SEC
I am still a long term investor but I will bail out when things don't look good
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