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

To: Ariella who wrote (1052)	7/21/1998 12:40:00 AM
From: Gabe Fernandez	Read Replies (1) \| Respond to of 1491

Ariella: your post sounds very nice and i hope it's true, if not this is the greatest con job in history not you but what is fed to us. At least according to u i only have to wait until oct to know the truth. as far as Lotemax and Alerex being cash babies, do u think u are premature in that statements how much has Pharmos received as of today. Do not think i'm short i am a concerned heavy long that has high hopes on HU-211 future not only economical but beneficial to mankind.

To: Ariella who wrote (1052)	7/21/1998 1:38:00 AM
From: ROBERT M. SILVER	Read Replies (2) \| Respond to of 1491

Heres the deal and I am calling it as I see it. I have been lamenting the short position in the stock for the last thirty days not understanding what was going on. But after the registration by the Castle Creek Partners who have pulled the biggest con on our company since its inception the die is cast and it is clear. Under the terms of the registration, it is clear that Castle Creek is rewarded for pounding the stock down because when they convert on August 2nd they will get more shares. In addition because of their 10% discount which amounts to paying them 20% interest on the $5 million dollars provided in February, they come out like bandits. Desperate men do desperate things and it appears that our management made a totally dumb move in giving this deal to Castle Creek. In addition, they got a bonus warrants to purchase 750,000 of our company stock at bargain prices for the next three years. That being said the one thing i fear in the next two weeks is long panic if the stock breaks down at $2.00. It is easy to say hold your fire it is going to get better but when the rats desert the ship who wants to hold the bag. Another thing that Castle Creek did was to register the potential sale of 6,000,000 shares of company stock at $2.53. If they expect to sell the stock they will be owning after August 2nd, they will not let the stock lanquish at $2 after August 2nd.. If the longs understand this, there will be no reason to sell if the stock hits $2. As fast as they sold the stock short to get more when they converted, they will run it up to be able to sell it at $2.53. Once the Castle Creek group has sold their 6,000,000 on the secondary offering, the stock should have clear sailing on the up side and on this point I totally agree with Ariella. It is going to take a lot of baseem to hold your ground the next two weeks, but that long shareholders who do so will come out fine. Calling it as I see it, I remain, a strong supporter if not an anxious one until we get rid of the crap. Regards, Robert M. Silver

To: Ariella who wrote (1052)	7/21/1998 8:26:00 AM
From: wolfdog2	Read Replies (2) \| Respond to of 1491

Ariella, thanks for posting the relevant portion of the 8k. I also want to mention that a previous poster stated that Castle Creek registered 6,000,000 shares to sell at $2.53. The conclusion was, not to worry Castle Creek will want to keep the share at that price to pull off their sale. Unfortunately, the poster misread the SEC document. The $2.53 price stated in the document is "estimated solely for the purpose of calculating the registration fee." (I think that's footnote 3 that I quoted. ) What this means is that Castle Creek can convert and dump at whatever price they can get. Ken

To: Ariella who wrote (1052)	7/25/1998 9:32:00 PM
From: arnie h	Read Replies (1) \| Respond to of 1491

Ariella - sorry didn't have time to get back to the thread before but I wanted to thank you for putting the effort into the timing of the short slammers. Short selling has just edged up some more to 1.14 M shares so I think you've put together a pretty sound scenario. Wondering about your $2 figure, though. The price could get down to about $1.75 without doing any real technical damage. Incidentally, have you or others wondered why the CEO and CFO would buy small amounts of stock at $2.5-$3.0 per share in the face of a forthcoming downdraft? Went back and checked the estimates I made last Nov. It was for a loss of 6 cents a share this year and a profit of 10 cents in '99 (EBITDA). Revenues started later than projected for this year but should be OK for next. The basis was for 43.5 M shares which seems now like a good guess at least according to one of David's last postings. Should be some 30 cents a share in 2001. These figs take into account paying back the money owed for LE. Certainly should be good enough to support price levels beyond today's rather deflated price. Am concerned about the change in dosage for HU 211. I keep worrying that someone is unblinding the trial. We've had a number of comments ,especially at an earlier period, that has caused this concern. And at any rate, changing parameters usually slows things down since fewer stats make significance more difficult to establish. Sure hope you and the others are right about 10 weeks. While I've complained countless times about the hedgers, I've also pointed out that the company apparently couldn't raise money any other way. So,it's just one of these things you have to grin and bear it; and hope it doesn't happen again. Since, we'll be out of money in about 6-8 months we'll know pretty soon where money matters stand. I sure hope we aren't asked to authorize any more shares. We've authorized 60M at this point. That should be plenty. Regards. Should be a fun week for PARS stock price. Arnie H