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Biotech / Medical : SAFS (Safescience, Inc.) formerly IGGI. Hot Potential
SAFS 0.00Jul 16 4:00 PM EDT

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To: Daniel Levin who wrote (97)9/2/1999 5:32:00 PM
From: Bob Trocchi  Read Replies (1) of 110

I have just started to read the back posts for SAFS. I currently have no position.

In "The Street.Com," a few days ago, Herb Greenberg wrote up a story of SAFS, a very small portion of it is reproduced below. The Street.Com is subscription service so I choose not to reproduce the whole article. If you have a subscription you can find it. If not you can get a free 30 day trial.

>>Shuster tested SafeScience products from the store against such common name-brand household cleaners as Joy, Windex and Mr. Clean. Shuster did a complete compositional analysis and found that the SafeScience cleaners were 92.5% to 99.9% water (hey, that's purer than Ivory Soap). That means the SafeScience products have much higher concentrations of water than competing products.

That wouldn't be a problem if they could clean dishes and windows. But they didn't do that very well. "Based on the results of the compositional analysis of these cleaning products, it is clear why their performance efficacy was so poor," the report reads. <<

In general, the article is not very positive on SAFS. Can you give me your reactions to this article or simply the portion I reproduced and some good reasons for going long.

I am leaning to short this stock but I value input on both sides.


Bob T.
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