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

To: Zvi Steinberg who wrote (1345)	10/7/1998 2:36:00 PM
From: Richard Huth	Read Replies (1) \| Respond to of 1491

The good news are out now. But we will have to wait some more month before we will see a reward on our investments. - a lot of promising drugs failed in PhIII, so positive PhII is only just a good start - right now there is no big pharma announced. No one knows how fast this partner will be found = thread of delayed start of PhIII = market introduction (the only news that really counts) still further away - we still have no marketing partner for Alrex, Lotemax - we do not now if Alrex, Lotemax will lead PARS into positive = till now there is only hope that PARS will become profitable at the end of '99 - PARS still has a cash problem. Given the actual problem for biotechs in general to find new funding, PARS will be no exemption. And with only six month of cash in pockets time is running against PARS. I still see PARS as an very attractive investments (it is and will be my #1 investment). But for the moment I cannot see a reason, that tells me I "must" buy PARS. So - in my opinion - we will have to wait a little longer, before PARS is going to take off. Most important are good news from the revenue/earnings front. Till than we could see some additional selling as today. Sorry for being not that optimistic for the short future, I am still very bullish for the long one. -Richard