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Biotech / Medical : Chromatics Color Sciences International. Inc; CCSI
CCSI 24.53-1.8%Nov 7 9:30 AM EST
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To: Mama Bear who wrote (3129)6/14/1998 2:59:00 PM
From: Quad Sevens  Read Replies (1) of 5736
 
<< I've read the same things on threads of companies of which he's been proven 100% correct in his
assertions. I expect it is more likely than not that Asensio's assertions about CCSI are true, and will be proven
true in the fullness of time. >>

Barbara: I and others have already proved, with mathematical certainty, that Asensio is not 100% correct in his assertions. Just to review two instances:

1. He confused the bilirubin monitoring market with the market for instruments that measure bilirubin in the blood. This is a fact. There is no discussion.

2. He claimed that CCSI's device is no better that one from the 1950s. The latter device requires visual assessment of the physician. The conclusion of the FDA was that CCSI's device is far superior to visual assessment. This is a fact; there is no discussion.

I repeat: There is no chance that Asensio can be proven 100% correct in his assertions.

You can argue it doesn't matter, he's got the right big picture, he's got a 6th sense for these situations, there will be no market for the product, he's got the track record on short sales, etc. But even if all of that is true, your 100% statement is demonstrably false.

I'm trying to understand your point of view. Let's make some progress here.

Wade
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