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Biotech / Medical : BriteSmile Inc. (BWT), formerly ILT

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To: Pluvia who wrote (103)6/11/1999 8:33:00 AM
From: Kip518   of 182
 
From MF (conclusion in long piece)

Investors should ignore the hype and face the basic facts about BriteSmile. Here's a company with virtually no revenue today. It has managed to raise financing only by offering stock to investors at a discount to the market price. It's totally dependent on a new service that will require heavy marketing to inspire its targeted customers. The company also needs to open its own centers or negotiate deals with dentists or orthodontists, both time-consuming and costly prerequisites for generating revenues. And management has failed to meet some of its publicly stated goals.

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