Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Pharmos(PARS) -- Ignore unavailable to you. Want to Upgrade?

To: ROBERT M. SILVER who wrote (1020)	7/16/1998 6:30:00 AM
From: Tony van Werkhooven	Read Replies (1) \| Respond to of 1491

Robert- I am a little confused by your post.. Any payments (before holdback) from BOL in the second quarter should be reported as revenue. I am assuming that the 5 million advance from BOL was in fact booked as a loan - shown as "advances against future sales" in the 10Q. Hence, the holdback (i.e. repayment ) will not impact the income statement, but will be reflected in the cash flow analysis as a "use of cash". Please let me know if I misread your post. Tony

To: ROBERT M. SILVER who wrote (1020)	7/16/1998 9:52:00 AM
From: Ariella	Respond to of 1491

Robert -- Relative to the number of shares outstanding (roughly 36 million), the short interest isn't that big here (roughly 1 million). If you want to see what a big short position really is, read old posts on the ORG board. I don't remember exact number, but think the short interest overhang may have been equivalent to more than 25% of the shares outstanding versus, for us, roughly 3%.. Approx. 3 million PARS shares traded hands in the past month. Some of that activity must be attrition of longs -- some people may be holding since the sharp decline before FDA approvals last winter and want to take their profits at last; others may be attracted to faster moving stocks; others may simply be bored. Of course, I think your instinct about shorts may be right. Shorting is only allowed on upticks and some days the tape feels as if one is buying into a sudden swell of shares offered. But I'd bet those shares get covered that day or with a few days and never make it to the monthly count. However, rallying the troops to buy now and "force" a short squeeze is probably doomed to failure. Not even as a group does this thread have sufficient funds to counteract both shorts and long sales until the next announcements are scheduled to occur. We're in a kind of dormant period till those times and a "hurry up and buy so you can wait" probably won't work. Stick around though, please, and keep giving reasons for why you think this is a great investment. We all need to be reminded periodically while we wait. Best regards, Ariella