Chromatics Color Sciences International. Inc; CCSI Message Board

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

CCSI 29.77

+3.7%

Nov 5 3:59 PM EST

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To: Bill Wexler who wrote (5415)	6/22/1999 3:29:00 AM
From: Bill Wexler	Read Replies (1) of 5736

The CCSI stock fraud... Readers will note that CCSI management spends an unusual amount of time in its press releases and conference calls blaming short-sellers for their problems. There is a very good reason for this, his name is Richard Wool. the following is an excerpt from a TSC article regarding Mr. Wool's fraudulent promotion of CCSI and other stocks: ..... Sheep cry out to be sheared. To some short-sellers circling around Chromatics Color, there is a familiar name in the role of shearer: Richard Wool. He's the powerhouse Hill & Knowlton flack behind the company's June 9 magnum opus rebutting every comma and dangling modifier from Asensio's reports on CCSI. CCSI isn't the first controversial name that Wool has worked for. He also shilled for Bre-X, one of the great frauds of this bull market. You remember the case: It involved a fake gold mine in Indonesia and the geologist who fell out of a helicopter to his death. And whom did Wool blame for Bre-X problems before the gold mine turned out to not exist but all the while giant red flags were being hung from every rampart? Short-sellers. Here's a quote from a Feb. 22, 1997, article in the Calgary Herald: "Bre-X feels it has not [been] portrayed fairly with respect to its accomplishments in Indonesia and this is contributing to the downward pressure on its share price. It looks like a case of the short-sellers having an interest in the company's shares continuing to weaken and certain media buying into this." According to an article in Communication World from Oct. 20, 1997, Wool was hired in December 1996 and worked until May 1997, well after Bre-X's partner Freeport-McMoran Copper & Gold (FCX:NYSE) had issued its drill testing on Busang and even after an independent report was released questioning early claims of how much gold was in the mine. "One of the issues that has been raised following H&K's brief affiliation with Bre-X is whether PR agencies do enough research on potentially controversial clients before signing a contract," the article said.

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