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Biotech / Medical : Chromatics Color Sciences International. Inc; CCSI -- Ignore unavailable to you. Want to Upgrade?

To: gamesmistress who wrote (2579)	6/9/1998 8:44:00 PM
From: Oblivious	Read Replies (1) \| Respond to of 5736

Briefing.com's writeup on CCSI CHROMATICS COLOR SCIENCES (CCSI) 6 1/2 -2 5/16. Professional short-sellers are a vicious bunch: they grab, hold, kick, and bite in an attempt to frighten longs out of their positions. When working the media, they suggest to reporters that a company is cooking the books. Online, the typical scare tactic is a rumor that the CEO is being investigated by the SEC. In the trading pits, the earnings warning is the rumor of choice. Then, there is Manuel Asensio, the head of professional short-selling outfit Asensio & Company, Inc. When he comes after a company, there is no mincing of words. There is no insinuation that the company is dealing under the table. No, Mr. Asensio will flat out call a company's executives crooked. In this particular case he goes two steps further, calling CCSI a worthless stock that has been manipulated in a collusive way among CCSI owners, its advisers and, most recently, at two Dreyfus mutual funds that invested "unconscionable amounts in CCSI stock that has contributed to huge losses in the funds." (Told you, the guy doesn't mince words). His initiation of the stock with both a "strong sell" and "strong short" rating has dragged CCSI shares down 25% today on 15 times average daily volume. CCSI shares have spiraled 50% lower over the past week. The Asenio report claims that not only have CCSI and related parties manipulated the stock, but that the company's only product has no sales or licensing potential. According to Asenio, Colormate III, a color measurement system claimed to detect jaundice in infants, is actually over 10 years old and that the product has not logged a sale since winning FDA marketing approval almost a year ago. (Chromatics Color notes that it is currently engaged in late stage negotiations with potential manufacturing and distribution partners). We must admit that we are not that familiar with CCSI. As far as Mr. Asenio is concerned, we know that his research has made investors heady returns in the past. But even if he turns out to be correct about this company, there is still no guarantee that investors will not get caught in a short-squeeze instigated by professional daytraders who care absolutely nothing about the company's fundamentals, just that the stock is heavily shorted and could fly under the right conditions.

To: gamesmistress who wrote (2579)	6/9/1998 8:49:00 PM
From: Eddy Blinker	Read Replies (1) \| Respond to of 5736

<<too little, too late>>>> Gina, The idea that the company was not aware up to this date that it's stock was not under attack is not accepted here. My earlier assertion that there is a direct link between the poster Mr.Pink and Dreyfus still stands. IMO Asensio was brought in to get the proper downdraft! ED

To: gamesmistress who wrote (2579)	6/9/1998 8:58:00 PM
From: NASDBULL	Respond to of 5736

<<<<<<Chromatics also said that it had contacted the Securities and Exchange Commission Enforcement Agency and Nasdaq concerning the recent trading of its securities and related activities by Asensio. Furthermore, the Company said that it was exploring taking all available legal actions. >>>>>>>>>> Yes, always the first step when Ansensio is involved. Typical crap! Don't be fooled into believing statements of Asensio or CCSI. They are both pros and for all we know they will BOTH screw you!!! I tend to think that Asensio is correct. They usually are!!! This stock is in all likelyhood going to trade in the pennies with all the other OTC stocks. At least CCSI won't have to be delisted from NASDAQ like most of Asensio's stocks are. NASDBULL

To: gamesmistress who wrote (2579)	6/9/1998 9:25:00 PM
From: M. Frank Greiffenstein	Read Replies (1) \| Respond to of 5736

Great, the lawyers being called.... This press release from CCSI is kind of pathetic. Threatening to sue Asensio becasue he said things CCSI didn't like? You may not like Asensio (I find him entertaining), but if you look at his history, you will see that companies that history eventually proved to be fraudulent also responded to Asensio with threats of lawsuits (no, I am not saying that this is reversible logic, that companies that bring lawsuits must be fradulent). Is this the response of a confident, performing company? Sounds like the response of a desparate company. A press release reiterating its progress in talks with medical device manufacturers would have been the best response. Instead, there is a clumsy attempt to try to intimidate critics, and a foolish attempt, becasue Asensio does not have a history of backing down. I have looked at Asensios post, and all he offers is an alternative verison of the facts. Vicious and sarcastic? Yes. But that is not against the law. Can anybody name me a single fraudulent statement he made? (Keep in mind fraud requires a mens rea, you have to prove intention to mislead). DocStone