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Microcap & Penny Stocks : Computerized Thermal Imaging CIO (formerly COII) -- Ignore unavailable to you. Want to Upgrade?

To: Smartypts who wrote (5300)	8/2/2000 7:23:28 PM
From: StockDung	Respond to of 6039

I think one of the big downfalls was RIPALIP. He kept on posting that garbage over and over again on ragingbull. It scared away any normal investor. Anyone that was short the stock should thank him. You need people like him. I see it time any time again on message boards where a companies stock plunges. I wish I shorted stocks because this would have been a good one.

To: Smartypts who wrote (5300)	8/2/2000 7:34:35 PM
From: StockDung	Read Replies (1) \| Respond to of 6039

Computerized Thermal Falls Below $5 Required for Nasdaq Listing Layton, Utah, Aug. 2 (Bloomberg) -- Shares of Computerized Thermal Imaging Inc. fell 34 percent to close under $5, the minimum required to list shares on the Nasdaq's National Market. The decline, the largest one-day loss in more than five years for the company's shares, could further delay the listing of shares in Layton, Utah-based Computerized Thermal. The company announced June 27 that shares would be listed by the end of the month; the next day the listing was put on hold while Nasdaq sought more information about past legal proceedings involving Chief Executive David Johnston. In 1990, the Ninth Circuit Court of Appeals upheld a $25 million default judgment against Johnston in a racketeering and fraud lawsuit filed by investors who lost money in a rabbit- breeding tax shelter investment he ran in the mid-1980's. John Ott, a company vice president, said the decline could have been caused by selling by investors who bought shares in Feb. 29 private placement. Those 11.1 million shares became eligible to be traded on June 30, according to the Securities and Exchange Commission. Ott said the company was unaware of any negative developments to account for today's drop. Computerized Thermal markets what it calls a ``revolutionary breast cancer detection system.'' It was the fifth largest decliner among U.S. stocks, falling 1 29/32 to 3 5/8, on trading of 2.9 million shares. The company's shares have lost 70 percent of their value since peaking at 12 on June 28. The developer of heat-sensing technology intended to help doctors determine if a breast lesion is benign or malignant has racked up losses of $31 million since it was founded in 1987. Aug/02/2000 18:53 ET For more stories from Bloomberg News, click here.