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


To: Harold Stone who wrote (3744)7/21/1998 4:51:00 PM
From: Harold Stone  Respond to of 4342
 
Steve,

I've been trying to post between other duties, and so I apologize for not getting back to you sooner.

I really don't have an answer to your warrant problem but maybe the following might help.

Read the following carefully knowing it could be inaccurate.

You must know the float of common stock (I
think 12M) you also have to know how many warrants are out. (10-Q or call the company). There is a formula that is applied but I don't know where to find it. In theory the warrant should move up quicker than common stock. The reason being is that there are less warrants than stock.

Sorry but this is all I can offer at this time. Hope they extend the warrants otherwise I don't think you're going to make it.

Harold