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Biotech / Medical : First Venture Capital -A major player in Vision Correction
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To: The Coz who wrote (8)2/8/1999 9:28:00 AM
From: Biotechboy13  Read Replies (1) of 21
 
Hi COZ

Thanks for all the info.....been watching this little baby go up and up. Curious with all this volume who is selling since looking at the buyers they are mostly small trades (couple of thousand shares).

But in the long term I think its a great business...my experience at the clinic in Toronto is that its booked solid and its hard to get an appointment for surgery so capacity utilization is good. Plus ther is no shortage of people calling and going in for the pre-exam.

Spoke with a friend in Montreal and he said the response was the same there. Company is smart to work on volume and keep the machines busy instead of price. There lower price has created quite a buzz. The day of my procedure, the guys before and after me were both American's who flew up to have it done. Guy from South Carolina told me it cost US$4,600 for both eyes. Said he paid US$1,300 + US$600 for the flight + US$400 for hotel and spending and still saving 50%. Told me alot of his friends and colleagues are waiting for his results and thinking of doing the same.

So I see no real let up in demand at these prices.

I haven't bought into the stock yet because I keep seeing that all these press releases on the financings say they are contingent on the buy out of Lasik Vision being completed. So I'm erring on the side of caution since VSE hasn;t been good to me in the past!!!

Good Luck

Regards,

David
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