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

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To: arnold silver who wrote (655)8/19/2003 1:50:36 PM
From: upndn  Read Replies (1) of 706
 
arnold, I read their recent reasons for shorting and I think Ken is all wet.
There are no warrants associated with the new offering.
Management has in the money options, but it ends there, the options have nothing to do with the new offering.
The options are included in the diluted share count published in each quarterly report.

As of February 12, 2003 the 6 top officers held 1,730,774 options plus 375,412 shares.

As for Ken's "restatement of earnings"-that was covered in the press release and amounts to little or nothing.

Ken makes more out of his reading of these items then anyone else. Makes me wonder about his experence level.

A rising tide lifts all boats.
Good luck, Jim
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