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Biotech / Medical : Pharmos (PARS) -- Ignore unavailable to you. Want to Upgrade?

To: David Israel-Rosen who wrote (87)	11/5/1998 7:47:00 PM
From: Rick Strange	Respond to of 1386

David, It's my feeling that any potential partner for HU-211 is focused on the potential of the drug and will offer a deal based upon the prospects of approval and the market size after approval. All of the PR in the world won't substitute for clinical results. The price of PARS stock probably is of little concern to them in their deliberations. Unless, like you and I, they feel that the stock is very undervalued. If such is the case, they'll probably want to take a substantial equity position as part of their offer...I can live with that. I've owned PARS for over four years and have been buying on almost every dip. If I didn't believe in management and the prospects of the Company, PARS would not be my largest holding. Let's not try to micro-manage the Company and let them get on with the job of pushing prospects through the pipeline and on to the market. The market has a habit of catching up with reality. Stocks work kind of like ropes, they work fine as long as you are pulling but get real fouled up when you try to push.

To: David Israel-Rosen who wrote (87)	11/5/1998 8:56:00 PM
From: Omer Shvili	Read Replies (3) \| Respond to of 1386

David, Before you go out attacking PARS' management, and before you go out asking who owns how many shares, why don't you stop for one minute (not more than that) and think what you're saying. Enough BS please, as you see, it's getting late and I want to get some sleep. Look at the salary our management team gets. You can be sure they would have gotten a much better pay at larger companies. They want to build something big that is meaningful, and so they agreed to get small pay checks. In return they got options, so if they succeed in making as all rich, they'll also get something for their efforts. These guys don't have millions of dollars on in the bank to buy stock. Believe me, if they had that kind of money, they would have done more than just buy shares, but that's not the case. They're all highly competent individuals and are one of the most candid management teams out there. Yet, you go after them as if they ripped you off, except all they are doing is running the company just like they said they would. These guys work their asses off for you and all other shareholders. With 45 people they're accomplishing what other companies can't do with 100. The COO and other top management members all do work that in other organizations would be done by 4 or 5 individuals. They do all this, but all you can say is "why didn't they buy shares". They have more riding on this than many of us. They put into this company more than just a few $ for shares, they are all completely devoted. And, trust me, even though they don't each own $0.5 million of stock, they are very upset with the current stock price and they'll do what they can to help. Even take up some of your advice.