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To: Apollo who wrote (49181)	11/27/2001 3:24:48 PM
From: Uncle Frank	Respond to of 54805

>> Thanx for the hot tip on the stock symbol. Your unique insight remains very special, indeed. We do what we can :-). Sorry I don't have any insight into the value of their patent portfolio or their position on the talc. Perhaps you and your friend might consider a Project Hunt report. My concern is that prgn has a small float of 170.3M shares, and should they offer a secondary to raise $250M at today's prices, it would represent dilution of about 8%. Having owned companies that have issued secondaries, I can assure you that it is usally a disappointing experience for the current shareholders. Could you query your friend about the S3 filing? uf

To: Apollo who wrote (49181)	11/27/2001 3:32:15 PM
From: Uncle Frank	Read Replies (1) \| Respond to of 54805

>> Thanx for the hot tip on the stock symbol. Your unique insight remains very special, indeed. We do what we can :-). Sorry I don't have any insight into the strength of their patent portfolio or their position on the talc. Perhaps Merlin will comment, or you and your friend might consider a Project Hunt report. My first concern is related to market mechanics. Prgn has a small float of 170.3M shares, and should they offer a secondary to raise $250M at today's prices, it would represent dilution of about 8%. Having had the misfortune of holding shares in companies that have issued secondaries, I can assure you that it is usally a disappointing experience. Could you query your friend about the S3 filing? uf