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Biotech / Medical : BioLase Technology, Inc. (BLTI) -- Ignore unavailable to you. Want to Upgrade?

To: david sandel who wrote (566)	10/28/1999 12:52:00 PM
From: Vadim D. Marchenko	Respond to of 706

Not true, there are a few institutional sellers that have filed 144s on fairly large chunks ranging from 60k to 100k shares(please see the bottom of my prior message).What seems to be onerous is that all of them filed 144s around the same time. Given the current volume I doubt they have sold off yet, so the selling pressure to ensue. My guess is that institutional exodus was triggered by the need to finance again and hence further dillution. Time will tell, but I would not touch this stock until it is clear how they raise cash.