Skipard,
I know Mr Pink's track record. He came on MEDA board and shed light on the companies prospects. He was correct. I was in your position(long). I was really angry. But, I listened to him. In fact He has picked other (long)winners. CFWY,DOSE, SHSE,FSFH, SOI,FPIC,LEN and shorts..MICCF,FONX. I can't remember all of them. But, he has been wrong too. He shorted compaq. Missed on another I can't remember the name. But he has a decent track record. Could he be wrong on CCSI...sure. But with a price to sales of 550. I would be concerned.
Plus statements like this in their 10QSB
"Management expects that the Company will have sufficient liquidity at least until December 1, 1998, even if no revenues
from operations are generated. If the Company is able to profitably market its Intellectual Properties, Colormate(TM)
units, the Company would use any cash flow obtained from operations, and may seek additional debt or equity financing, to
further support and expand its operations. The Company's Colormate(TM) units will be marketed interchangeably as the
only differences between the different models are design and power supply improvements and software systems. There can
be no assurance that the Company will not require additional funding. If the Company has not been able to attract additional
future financing or generate significant revenue from operations at such point in time and/or successfully market its
products and technologies, it may have to cease operations. "
Pretty ominous...but if your a betting man then stick with it and good luck.
Regards
Scott |
