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

To: Ron Harvey who wrote (3092)	6/13/1998 6:42:00 PM
From: Rajiv	Read Replies (1) \| Respond to of 5736

Ron, One of the major reasons that the shorts have piled on CCSI is that they think something is very wrong. The company received the FDA approval several months back. We are yet to see a marketing deal signed. My guess is that they sincerely expected to have a partner much earlier and underestimated the time-consuming complexities of the negotiations Complex deal? Do you know how long it takes to put together an average multi-billion dollar merger deal? So what's possibly going on are offers and counteroffers with the potential partners feeling no rush to conclude a deal, maybe figuring that the passage of time places pressure on CCSI to make concessions while they simply proceed comfortably with their ongoing business. Or maybe the potential partners are not very impressed by the product? Till the deal with a distribution partner is signed, the shorts will not go away. At the moment, most shorts are comfortable with their positions. Also after the marketing deal is signed, the company will be forced to justify its market-cap with revenues & earnings. Most shorts think that they will never be meaningful and if their line of thought is correct, you can expect to see lots of short-to-zero shorts. Regards. Rajiv

To: Ron Harvey who wrote (3092)	6/13/1998 7:45:00 PM
From: Mama Bear	Respond to of 5736

>>>If they could manage this on their own in a big enough way to produce significant revenues, they wouldn't need a partner.<<< And my position is that if a partner was interested, they would have one. >>>So what's possibly going on are offers and counteroffers with the potential partners feeling no rush to conclude a deal<<< In no hurry to make money, eh? Of course I thought the DEAL was in the final stages, what, 4 months ago? >>>(Also, to wax a tad cynical, does this vaunted Lehman fellow work by the hour?)<<< LEHM being involved is only a bonus as far as I'm concerned. They're not exactly the most upstanding house out there. I've successfully shorted a number of sleazy issues they've been involved with, most notably ENML. It seems the battle lines are drawn, and only an event will change things one way or the other. I'm just not sure why anyone would take the opposite side of the trade against Asensio. While I'm sure those who choose to dish out their insults truly think they're right, the fact is that it's an emotionally driven taunt that gives no respect to the man's track record when he's said that a company is a terminal short. I've heard all the arguments against Asensio before, and am less impressed each time. I'd suggest that it would be prudent to consider that Asensio's involvement with this issue is a huge risk factor. Barb