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Biotech / Medical : BioLase Technology, Inc. (BLTI)

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To: Trace who wrote (19)3/20/1997 11:30:00 PM
From: Vadim D. Marchenko   of 706
 
I am slighly skeptical of BLTI future. Check out the info on this site.

tscn.com

If all the info is accurate, my concerns are:

1. Why have the sales in Germany been declining ?!? - it sounds
worse than non existent or not picking up, IMO.

2. The cash is .01 per share !!! Do they have financing problems ?
How are they planning to finance their future? Shares outstanding
have almost trippled in the past few years. Are we going to see
more of the same ?

3. Why is insider ownership conspicuous by its absence ?

4. Institutional ownership is a meager 3%, which is not exactly a
negative (undiscovered gem ? ) but they have stepped in a while
ago and have done nothing since ( inspite of all the seemingly
positive recent developments).

Coupled with lack of insider activity and their favoring raising
the needed capital through issuing additional shares ( which they
do not seem to care to buy for their own account) looks rather
notorious.

Would appreciate comments/responds.

VM.
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