To: JanyBlueEyes  who wrote (5548 ) 8/18/1999 10:15:00 AM From: Marconi     Read Replies (1)  | Respond to    of 5736  
Thread:  CCSI is late for filing their 10KQ due no later than August 16, 1999.  Quote from Form 12b-25, "State below in reasonable detail the reasons why Form 10-K, 11-K, 20-F, 10-Q, N-SAR or the transition report portion thereof could not be filed within the prescribed time period. (Attach extra sheets if needed.)          The unaudited financial statements for the quarter and year-to-date periods ending June 30, 1999 were not completed in time to meet the statutory filing deadline of August 16, 1999.                                      PART IV                                 OTHER INFORMATION          (1) Name and telephone number of person to contact in regard to this notification Darby S. Macfarlane                           (212) 717-6544 --------------------------------------------------------------------------------      (Name)                            (Area Code)   (Telephone Number)          (2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If the answer is no, identify report(s).                                                              |X| Yes  |_| No                                         2          (3) Is it anticipated that any significant change in results of operation from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?                                                             |_| Yes  |X| No          If so: attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.                   Chromatics Color Sciences International, Inc. --------------------------------------------------------------------------------                   (Name of Registrant as Specified in Charter) Has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized. Date August 16, 1999   By  /s/ Darby S. Macfarlane "                found at Edgar Online at URL:edgar-online.com  No material change from a year ago reporting is indicated above by Darby Macfarlane.  That indicates to me no sales.  I still expect a spin to the effect that inventory building and transfer to distribution may be construed as 'sales'.  Late reporting is generally an unfavorable situation.  CCSI seems stuck around 6 on slight volume.  I think it is time for a price swing--rationalization closer to zero.  That would be appropriate.              Best regards,                      m