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

To: BuzzVA who wrote (3321)	6/22/1998 4:03:00 PM
From: southern gent	Read Replies (1) \| Respond to of 5736

I suppose that each company makes that decision internally but my experience ,and it is extensive, tells me that no buying should occur.

To: BuzzVA who wrote (3321)	6/22/1998 5:59:00 PM
From: Gurupup	Read Replies (2) \| Respond to of 5736

I believe, that if you believe, that CCSI is indeed in negotiations as they have publicly stated, then it would be illegal for any insider to act on any information good or bad that they possessed . If I saw insider buying at this juncture I wouldn't be happy, nor would any long holders. Someone mentioned that the China news was a ho-hum, and the tape is the judge and the jury, so I would assume that is peoples take. I would like to throw out the "possibility" of CCSI doing business in China with their product "that there is no need for", and it seems that it is a fairly large market, but who cares? That is business for tomorrow, and all we care about is the deal.. We are all frustrated waiting, particularly after the pain we have gone through. I have no idea, but I do know if there were no deal the company would have to make a public announcement on a S-8 form, as a material event. So until you see that we are still at the table IMO. The low lifes are going to stay around until the deal is announced, and I hope they do. Right now the longs are buried, no buying power, the shorts are circling, and it sure looks like there is no hope. MAYBE with all of these thoughts going around now is the time to look for something good to happen. New Orleans was a great intro for CCSI, and China looks ok, maybe we do have a product, and maybe there is a market for it. this is probably a waste of time, but I did it for my own edification over the weekend, as if looking at CCSI for the first time. 1. DO I want to continue to hold it. YES. 2. Would I buy it here for the first time. YES 3. Do we need a deal, maybe! 4. Do we have a market, and a product for that market? These are my worst case numbers for CCSI going forward from today. YEAR 1 Assume 16mm babies@10% penetration=1.6mm tests @$10=16mm gross profit Assume some machines . I guess 3000 over 1st year. Maybe $500-$1000 gross profit, say $750=2.25mm gross profit Assume 500mm babies tested at home x $10=5mm gross profit That would yield $23.25mm to the partnership/2=$11,625mm gross to CCSI. With 14.7mm shares outstanding you would have $.79 pre-tax per share. Put your own multiple on it.Also, bear in mind CCSI has a tax-loss carryforward, and these earnings would not be subject to tax. ______________________________________________________- YEAR 2 Assume 16mm babies@20% penetration rate=32.mmx$10= $32mm Assume 750mm babies at home x $10= $7.5mm gross profit Assume some Cosmetics,dental,dermatology?????????? That would yield to CCSI $19.75mm gross profit/14.77shares=$1.30 pre-tax. ______________________________________________________ YEAR 3 Assume 16mm babies with a 35% penetrationX$10=$56mm Home health $7.5mm That would yield $31.75mm/14.7shares=$2.15 pre-tax. This is for about 1/3 of the market, remember there is a population of 119,176,200 babies that it is reasonable to assume will be potential subjects for a bilirubin determination. Beauty is in the eye of the beholder, and these are my numbers generated my way, and not subject to any scrutiny except my own, because I did this for my own self confidence in making sure where I was presently. Yesterday's price is yesterday's price, every day is a new game. None of my numbers include Europe, China, S.A, only the US. There are 45mm bilirubin tests done now worldwide, so my numbers might have a modicum of credibilty,(TO ME). I thought today's news was very important. I bought some more, call me a glutton for punishment, but the track is still open, and I do have time to cash a winner's ticket, if I do not let all the bullshit get me too far down.