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


To: Mama Bear who wrote (3421)6/23/1998 9:37:00 PM
From: JanyBlueEyes  Read Replies (1) | Respond to of 5736
 
<<Liabilities exceed cash on hand.>>

For the time being.

<<China didn't commit to spending one dollar. You can't call them a buyer until money changes hands.>>

I call signing a contract and doing studies to determine the best way to distribute the device a buyer.

<<Missed commitment:>>

<<From the 3/16/98 press release:>>

<<"The company is currently finalizing its mass-manufacturing production schedule under FDA QSR and GMP as well as ISO 9000 manufacturing regulatory requirements for both the console model and the light weight (360 gms.) hand-held battery operated device, each of which includes a proprietary calibration disposable for each non-invasive measurement taken on an infant while being monitored for hyperbilirubinemia." >>

This is simply not a commitment.
Commitment: an agreement or pledge to do something in the future; especially : an engagement to assume a financial obligation at a future date b : something pledged c : the state or an instance of being obligated or emotionally impelled <a commitment to a cause>

Try Again



To: Mama Bear who wrote (3421)6/24/1998 2:19:00 AM
From: jpbrody  Read Replies (1) | Respond to of 5736
 
<<CCSI has little cash>>
sec.gov
Current assets: Cash and cash equivalents = $ 4,735,216


I'm not a big fan of CCSI (I've been short on this stock for a while), but in the interest of accuracy. CCSI had $9,758,600 in cash as of the most recent 10Q. Their liabilities were stated as $1,229,100. I believe they have been accumulating cash as they issue new shares for an average price much lower than the current market (due to the exercising of warrants).

This is in the 10Q at sec.gov

The URL posted by Janybird sec.gov
actually refers to a company called Accent Color Sciences. (I can see how one might be confused after looking at the chart.)

So, Barbara, I think Janybird met your challenge. This piece of due diligence did not come from CCSI.