Chromatics Color Sciences International. Inc; CCSI Message Board

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

CCSI 22.66

+2.5%

Jan 12 3:59 PM EST

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To: Eddy Blinker who wrote (5205)	6/6/1999 6:12:00 PM
From: Carl R.	Read Replies (2) of 5736

I disagree with you about one thing, Eddy. Time is not on their side. They are currently desperately short of money, and up against the wall. They need very badly to do a secondary to raise additional money, but will a secondary fly without selling a machine? Therefore I think it is urgent that they place a machine very, very soon to validate their approach. As for the medieval approach that currently is in use, I'm sure there are more than a few faint hearted mothers who can't bear to watch blood taken from their baby. And since the insurance company pays, the American way is, or used to be, to run up the health bill. So maybe the machine will sell. On the other hand, insurance companies are getting more active about what they will pay for and what they won't. Unless they authorize reimbursement for the machine it won't sell. I suspect that if short sellers are returning, it is because of the very weak financial position CCSI currently finds itself in. Maybe they will succeed in extricating themselves by raising money though. Good luck, Carl

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