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

To: Dr. John M. de Castro who wrote (484)	2/8/1999 2:07:00 PM
From: LLCF	Read Replies (1) \| Respond to of 1386

<I was focusing on the warrants at this time because they are what is maturing at the moment.> Are the warrants expiring already??? Only 1 year warrants? <Most if not all of the preferred share conversions have probably already occurred.> Really are you sure? It looks to me like the "convesion price" may have been set, but does that mean they convert? Anyway, here's what it looks like happens: They do this deal (preferred, what a laugh there's no dividend!) which becomes much more advantageous as the stock goes down... then they (surprise) beat the stock down around the convesion dates and convert into as much stock as possible and even then they arent even on board with us because they've been SHORTING the stock to get it down and use the covert to cover. I'm sure this isn't news to you, but what I'm trying to acertain is have all the conversion rates been set, and hence the nightmare over, or are there still conversions to take place in which case these BAD BOYS have further reason to wash the stock out and take as much as possible away from us. Please, anyone chime in... I'm a potenial buyer here but have to know whats up with this. I have seen bad boys like these take SUBSTANTIAL %'s of entire companies with these things. DAK PS: Not to bad mouth, but apparently the management got hoodwinked?