Chromatics Color Sciences International. Inc; CCSI Message Board

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

CCSI 29.41

+0.3%

3:59 PM EST

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To: JanyBlueEyes who wrote (5345)	6/14/1999 11:39:00 AM
From: Marconi	Read Replies (1) of 5736

Hello Janybird: 4 observations: -75 units in hospitals for evaluation does not wash with reported revenues, and another 500 will result in additional miniscule revenues? -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. Conclusion. This press release does not add up. The 8K must reveal the core of the deal and what's in it for Lehman. This is not money supplanting an ongoing business concern. This is risk capital that is a bet your company proposition. There should be substantial strings attached to protect the Lehman money from major loss. Best regards, m PS I have a sense of deja vu with this. The details will tell.

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