Chromatics Color Sciences International. Inc; CCSI Message Board

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

CCSI 28.71

-2.4%

Nov 4 3:59 PM EST

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To: Hawaii60 who wrote (5441)	6/28/1999 10:39:00 PM
From: Bill Wexler	Read Replies (1) of 5736

Depends what position you are taking. I am currently short CCSI and still strongly recommend selling and/or shorting the stock. CCSI has a long history of "back-door" stock offerings followed by excessive and fraudulent promotion. As a business, the company is worth near zero. I believe that the stock is currently in a new distribution phase, after a runup (which started in March) based on anticipation of a distributor-partnership deal that management grossly misrepresented (read latest 8-k). The runup was culminated with a highly-dilutive convert. My short to intermediate term target is 4 to 5 a share. Longer term, the stock will dilute itself to pennies.

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