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Biotech / Medical : Paracelsian Inc (PRLN) -- Ignore unavailable to you. Want to Upgrade?


To: Harold Stone who wrote (3638)5/20/1998 2:27:00 AM
From: paul goldstein  Read Replies (1) | Respond to of 4342
 
just for conversation..if delisted from the suplemental nasdq listing they would go to the pink sheet..many companies there.
of course, it is non productive to do so as it indicates a real "pink" stock..
but, the rules are really enforced by the nasdq.
prln must get the price over a buck , i would say in next two to three months or, its a real problem for the company..
of course any good news solves the problem, i hope.
but, they don't get to explain why they are under a buck and allowed to remain. they must present a plan to get over a buck..
like a reverse split. i realize its silly, but that is what they would do.
of couse i do not think this will be necessary.
but we are not seeing any volume or price movement to indicate anything but a holding and waiing for investors