Summit Technology (BEAM) Message Board

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Biotech / Medical : Summit Technology (BEAM)

BEAM 22.75

-6.3%

Nov 4 3:59 PM EST

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To: Mike Hermann who wrote (1314)	8/6/1999 8:02:00 PM
From: HerbVic	Read Replies (1) of 1386

In response to your question, "Any ideas about the secondary offering?" I can only respond with a link to a previous post (No. 1273, siliconinvestor.com. <<excerpt>> We can only speculate, as we'll never know, but it seem to me as if there is something afoot with this company. Selling 4 million shares to raise capital "to help fund the commercial introduction of the LADARVision system" is roughly the equivalent of an IPO backed by the future equity possible from accelerating the entry into that market. It's an excellent move if successful. The key at this early stage of development is to grab market share. With a superior procedure, one could assume that Summit Technology wants to build a massive sales force and get the word out to practitioners. Since the news of a 4M share sale didn't have much effect on price, it's possible that there is plenty of buying to offset the 4M share sale and once the shares are sold the bias will then be to the upside. <<end excerpt>> I expect BEAM to hang with the broader market. With no news pending over the near term, volume will be light. We may have to wait until November to see a real rally. The relative certainty of that schedule could dilute enthusiasm resulting in a mild sell down. The tendency to drift down on light volume will be hampered by the reluctance of knowledgeable investors to give up their shares and the presence of opportunity seekers snapping up extra shares. Any investment at less than $20 a share has a high probability of substantial ROI with a 6 month window. What's your take on the matter? HerbVic

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