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Biotech / Medical : PRCY - ANY BODY HAS ANY NEWS ON THESE -- Ignore unavailable to you. Want to Upgrade?

To: Chris Nevil who wrote (420)	11/11/1998 7:09:00 AM
From: Douglas	Respond to of 670

I spoke to Mr. Clifford yesterday. He confirmed that the reason for the recent stock rise was unknown. Mr. Clifford believes that PRCY's stock price is undervalued. I agree. There were no new press releases, which would explain the stock rise. PRCY is not buying back shares on the open market (there is no way for us to know if insiders are buying at this time). The Board of Directors is also against a reverse split. If the Board approves a buyback or reverse split they would have to issue a press release. Mr. Clifford did confirm that PRCY was starting some ads for their hair products. Should be encouraging!