Here is more from Skip on AOL:
Subj: Re:What a product
Date: 5/15/97 4:58:19 PM
From: Skipard
In order to try and answer some of the questions on this board here goes.The Millenium can cut analgam(sp?),gold,porcelainand composites.It cuts around gold.The millenium can do it for half of the current costs,so that will go a long way in ansering will the dentist's buy it.The laser sells for slightly under $40,000 in the US the figure in the journal was DMarks in Germany,but the reporter didn't do the math.BLTI will be featured in some national periodicals over the next few weeks.The clinicals are being doing at University of Pacific in San Fran.Don't bother them there,they will not talk to you.Today BLTI can produce 10 lasers per week,and in a few months will be able to produce 20 per week.Going back to one of my earlier ideas,without the US,there are 400,000 dentists in Europe and Japan,and SA,compared to 152,000 in US.We sould be seeing additional interest in distributors in foreign countries before we hear from the FDA>Once again the Germans looked at 4 lasers,including PLSIA's before going with BLTI.In Europe BLTI"S Millenium is "EC" approved PLSIA is not,products to be shipped to Europe in 1998 will need a "EC" label or cannot be imported to there.BLTI currently has about $3.5 million in cash,no debt,a $250,000 monthly burn rate going full tilt,which they are now,so with the German contract and distribution deals on the horizon,there are no new capital requirements,except if the LaserBrush looks like it is going to be a commercial smash (I think so),then it would be eay to finance that division,which would mean we have a big commercial success.There are 60,000,000 mm kids in the US and a lot of them hate brushing their teeth,but if 1% of them 600,000 liked a LaserBrush which they could play in the dark,and be Darth Vader,and bot 5 tubes of toothpaste @ $7 per tube,that would probably be a commercial success.Of all the skeptics I have spoken to,I have asked one question,if you could buy a toothbrush which would kill the bacteria in your mouth,the leading cause of gum disease,and it might also whiten your teeth,would you buy one,everyone said yes,and you would too!Now put cosmetic on top of that,and tehn give me the hard tissue approval by the end of year and you have a very big investment,so quit playing and worrying about every tick in the stock,will a dentist buy one,etc,etc,etc,If you bought it higher I would suggest this and am doing so for friends,buy some now,some next week,some the following,don't pick a price and bet the ranch,when it gets hit buy it,when it runs enjoy it,but have a core holding so a year from now you can all send me a card,not a bomb. |
