Chromatics Color Sciences International. Inc; CCSI Message Board

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

CCSI 25.01

-16.0%

Nov 6 3:59 PM EST

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To: JanyBlueEyes who wrote (3420)	6/23/1998 9:14:00 PM
From: Mama Bear	Read Replies (2) of 5736

<<CCSI has little cash>> sec.gov Current assets: Cash and cash equivalents = $ 4,735,216 Liabilities and Shareholders' Equity: Total current liabilities 4,768,692>>> Liabilities exceed cash on hand. ---------------------------------------------- China didn't commit to spending one dollar. You can't call them a buyer until money changes hands. ---------------------------------------------- Missed commitment: From the 3/16/98 press release: "The company is currently finalizing its mass-manufacturing production schedule under FDA QSR and GMP as well as ISO 9000 manufacturing regulatory requirements for both the console model and the light weight (360 gms.) hand-held battery operated device, each of which includes a proprietary calibration disposable for each non-invasive measurement taken on an infant while being monitored for hyperbilirubinemia." biz.yahoo.com ----------------------------------------- >>>There has been no insider selling since December 1997.<<< Like they didn't do enough in October, November and December of 1997? ----------------------------------------- Nice pile of red flags if you ask me. The company has been promising and promising, and the best it can produce is an unverifiable "Memorandum of Understanding" with a country on the other side of the planet. A country with a reputation of ripping off US intellectual property. Every bit of your due diligence comes directly from the company. Why don't you produce some kind of significant, third party verification of the marketability of the device? Barb

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