To: blake1 who wrote (1145 ) 2/26/1998 10:09:00 PM From: Gurupup Respond to of 5736
I have had the opportunity to go over the entire research report with CCSI. It is basically one of the best research reports that money could buy. If I were an analyst or a money manager, which I am, I would have a few prerequisites in recommending a new idea for purchse, or in this case a short sale. I might consider talking to the management of the company in question. In this instance it would be talking to Darby Macfarlane, and listening to what she has to say. Next I would try and consult experts in the field, and an internationally recognized expert in Bilirubin infant jaundice is Dr, Jeffrey Maisels. The major drug firms consider him the best authority in the United States. Ironically, he just joined the CCSI medical advisory board. In the past he was approached by both Minolta and SPRX, but stated unequivocally that CCSI's technology was the leader, and would become the industry standard, and the other technologies were not in same ballpark. After reading this report probably ten times, I am totally convinced that Dr. Reese is totally clueless about CCSI, and it is very obvious that this is a planted, set up job, by the shorts, but it is so poorly done, poorly written. It is the writings of a 3 year old. It just doesn't make any sense. It looks like she and the 3 Musketeers, cut and pasted 10 Qs and 10Ks, and did absolutely no research.. They took old documents from the garbage to write a report that does not qualify as garbage. I really hate to sugarcoat it, but I love a fair fight, but these people are just plain sleazy. Writers, and poor writers for hire. Let me give you some of the key points in report. My boots are only so high. Q=Quote of Dr. Reese's peices A=Extensive due dilligence from yours truly. Q . CCSI's history of collaborations with various cosmetic companies has repeatedly ended without success. A . CCSI had A collaboration with AVON a number of years ago . AVP breached the contract CCSI took them to court, and prevailed in a out of court settlement. Q.CCSI researched and developed and obtained FDA approval for its Colormate 111 infant bilirubin meter BEFORE it analyzed the infant bilirubin testing market or market demand for this type of product. A. Categorically untrue! CCSI had in fact developed market models before obtaining FDA approval, and after obtaining approval was estatic to learn after numerous meetings with potential licensing partners, that their models were in fact conservative, and in fact the market is much, much larger. Q. CCSI's Colormate 111 will compete against other advanced-technology bilirubin meters that are avaialbe in the US prior to Colormates US commercial launch. A. Absolutely incorrect. Who? CCSI's deal with an licensing partner is imminent, and that would require for SPRX to get through Phase 111 trial, file a 510k with the FDA, and get approval, sign a deal, all in the next 30 days. Get a life people, what turnip truck did you come down in? Do only morons read your research, or do any of your clients have to think? Q.CCSI has no establsihed medical marketing partner or distribution channels,etc........................ A. True, see A above. Imminent is the operative word. continued.......