"Yes, the company is a bad trader. IMHO, they think $9 is a ridicuolously low price for Biolase (so do I) and thought they could defend it. They didn't understand that in teh short term the market is a voting machine not a weighing machine. Their bad. I think they have gotten better though."
maybe pkewl. but maybe if they hadn't started their stand against the shorts then, we'd be looking up at, and fighting to re-attain, 6 or 7.
Sorry MR my last post had an incomplete sentence.
What I meant to say was that perhaps the company was concerned that the precipitous drop in share price, which the shorts were trumpetig on dentaltown as being evidence of a company in trouble, might start effecting sales---which in turn would effect price etc etc
Especially true since other dental laser companies have or are in the process of crashing and burning--possibly leaving dentist purchasers holding the bag. In that scenario holding the line in terms of buy backs made sense--as well as the long term reduction of shares outstanding.
I will admit I do not know for sure if this was their motive. I know it was the concen of some of us on the board at the time.
"very little OT here till recently. It must mean people are getting bored with ther price."
AGREED! Can we temporarily suspend all of the off-topic stuff? There are pending developments. If you people continue to cloud and distract with all this garbage noise, you might not hear it!