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

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To: Gurupup who wrote (145)8/26/1997 6:32:00 PM
From: crysball   of 706
 
Thanks for the detailed reply. Will look forward to receiving your model with inventory, sales, and recevable laid out.

I'm long, hopeful, but somewhat skeptical, as I've repeatedly seen small companies underestimate the time & cost to bring a biomedical product through all the wickets.....and then run out of cash and do a devastating dilutionary secondary offering, which is why I'm anxious to see the sales/receivables/paybles/sales expense model.

My reason for mentioning PLSIA was merely to highlight how not to manipulate shareholders expectations in an attempt to pump the stock. Hopefully, BLTI management will benefit from the misfortune of PLSIA.

Incidentally, hope BLTI is banking on their Derma Laser, because I haven't met Dentist yet who believes Laser hard tissue or Laser dental drills are more than a 'flash in the pan'. Finally, selling to the medical /dental field is a very slow, costly process.....even more so when you are not an established name in the field.

Hope the model cranks all these factors into the equation, including the ramp-up in WIP fir launching a product which many modelers seem to not address.
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