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Biotech / Medical : Laser Vision Centers, Inc. (NASDAQ: LVCI)

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To: Xavier who wrote (50)6/6/1997 8:31:00 PM
From: Jim Mac   of 413
 
Gillam was overseeing the MobilExcimer approval process, among other things. Now that LVCI has MobilExcimer approval, his services as President may no longer be needed as much. The MobilExcimer is really the key to LVCI's business plan.

Sounds like he left for personal reasons, and it means nothing, IMO. LVCI is a small company now, and having a COO and President is a little redundant. Now, LVCI is operating more efficiently, with only the management really needed.

Why are you worrying? Look closely at the operations, and where they're heading. Cash flow positive/profitable by end CY97Q1, then rapid EPS ramp thereafter. The next two Q's losses should be dramatically lower than last Q, procedure count shoulc double, too. LVCI will hit $10 by Jan 98. Remember, LVCI is a 10-bagger from $5 over the next 5 years.

Of course, I could be totally wrong. I wish I still owned it. Gotta get back in by November.

Hang in there.
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