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Biotech / Medical : C3 ( CTHR ) Diamond in the rough?
CTHR 0.400+263.6%Oct 31 12:16 PM EST

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To: Leslie S. Feinberg who wrote (16)11/17/1997 6:23:00 PM
From: glen  Read Replies (1) of 226
 
Les,

In the 9/30/97 C3 IPO Prospectus, there is no mention of how the test equipment works nor how it will be priced. On pps. 6-7,28, the following references are made: C3 "also obtains from Cree a component proprietary to Cree used in the production of (C3's) moissanite/diamond test instrument. (C3) believes that the test instrument may be important to building market acceptance of the Company's lab-created gemstones." "The test instrument relies upon a proprietary semiconductor chip the the Company obtains from Cree under a letter agreement dated February 12, 1996 which expires in 2016. The Instrument Agreement obligates the Company to purchase all of the chips used in the test instrument from Cree and gives the Company the exclusive right to purchase those chips from Cree. The Company will pay a royalty of 2 1/2% of net sales of all test instruments incorporating the Cree chip."

You can always call C3 or Cree for more details.

regards,
glen
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