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Microcap & Penny Stocks : Imatron (IMAT)

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To: Gerald Walls who wrote (127)9/10/1998 10:39:00 PM
From: Kerry C. Smith  Read Replies (1) of 138
 
Gerald has provided food for thought, I wish we could get some more input on this board from the medical community. I talked to one doctor who only knew of this tech from what he read in the Newsweek article. I believe there are plenty of middle-class people who will pay for this scan when the story gets out a little more and some of these studies are completed. I know of a prominent judge in this area who credits the machine with saving his life.
I believe the stock got hit today based on confusion and might just be another buying opportunity. On CNBC, General Electric CEO Jack Welch was interviewed at the rollout of a new powerful CT scanner. His presence there made it seem like a big deal. CNBC owned by GE and eager to please the boss sitting right there gushed about how powerful this scanner was. The confusion lies in the fact it is also called a CT scanner like the Ultrafst CT. Even I was a little concerned until I checked with the company, They were fully aware of the announcement beforehand and were not concerned. The GE scanner is not as powerful. It is used as a general scanner and not a heart diagnostic tool. It is not being sold as part of the heart package and is not capable of delivering high quality images of the heart. The GE tech is completely different. EBCT is patented and vastly superior. In fact any exposure that GE gets will help sales of the ULTRFAST CT sales because soon the GE salesman will be selling the ULTRAFAST as part of their heart package. I knew there was no competing tech on the horizon, however it always helps to hear it again. I was just reading that Boris Yeltsin was scanned with Ultrafast to evaluate his implanted bypass grafts from open heart surgery to ensure his recent chest infection had not affected his heart. I know the company would like to scan more high profile people to help get the story out.
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