Chromatics Color Sciences International. Inc; CCSI Message Board

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Biotech / Medical : Chromatics Color Sciences International. Inc; CCSI

CCSI 29.32

+4.6%

Oct 31 9:30 AM EST

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To: Marconi who wrote (5347)	6/14/1999 10:46:00 PM
From: JanyBlueEyes	of 5736

Marconi.... <<75 units in hospitals for evaluation does not wash with reported revenues, and another 500 will result in additional miniscule revenues?>> Revenues for the first quarter were minuscule due to the introductory offer the company made to the first facilities to evaluate the device. The company just began inservicing and shipping on February 11. Standard operating procedures in business call for an invoice to be paid in full 30 days after the date of the invoice. So if they were evaluating the device for a period of time there is no way revenues from those facilities would be included in the 1st quarter report. From Message 7772213 - 2/11/99 - News on shipping: "The transcutaneous bilirubinometer has a list price of $3,000 to $5,000 depending on the model, may be leased, or used under the Limited Time Offer for use and evaluation of the System; all with either purchase of minimum monthly supplies of the TLc-Lensette(TM) calibration standards @ $10 per TLc-Lensette(TM) or minimum monthly charges of $10 per use under a Managed Use Program." Did you read my post on possible pricing? Here is a link if you didn't Message 10106456 Perhaps you should try and work out the potential revenue the company can make from over 1000 machines they are producing. ---- <<CCSI press release talks extensively about forced conversions at premiums--a future event of dubious likelihood--yet there is an instant 10% discount which apparently was not enough in the last week to make the deal Lehman deal for money fly. Lehman is fronting money-I think it smacks of factoring used by businesses in trouble to continue to attempt to operate. 8K should reveal the mechanics of how much Lehman got to front money and I would expect some additional terms to be revealed which shows how Lehman can bail without much at risk.>> Since the company is ramping up to have ready over 1000 devices for distribution they needed money to ensure they could deliver those devices to the distributor. I'm sure it was part of the distribution agreement. Have you ever heard of Lehman Brothers? They are a very prestigious, well-respected company and they would not take an equity stake in CCSI unless they had faith the company could/would deliver. From today's press release Message 10105491 : The up-front capital required for these initial manufacturing requirements as well as ongoing up-front costs of manufacturing and contractual delivery requirements, including production of the mass manufacturing prototype of the LED device now under development, is being provided from the proceeds of an equity investment in CCSI by Lehman Brothers of up to $8 million.

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