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Biotech / Medical : WAND (Milestone Scientific)
MS 160.92-1.5%10:08 AM EST

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To: Mason Barge who wrote (534)6/2/1998 3:59:00 PM
From: SeveCords   of 717
 
What the company was trying to achieve by moving to the Amex was better control over the short position, namely, better surveillance and enforcement.

I don't think that selling shares in the open market was a large part of anyone's strategy.

I am of the opinion that the real exit strategy will be to ultimately sell the company to a larger more diverse entity. This would only be feasible after achieving better than average market penetration in dental and at least developing one non-dental application as well.

I personally am more comforted by the balance sheet's ample supply of cash.

steve
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