Is Biolase paying their vendors?
The way I
calculate it, this company is out of
cash.
1)Approxiamtely 1.5 million in cash as of January
1,1998.
2)Approxiamtely $750,000 loss per quarter average.
3)Company
warning of very poor to no sales in
Q1/98.
4)Approximately $225,000 per month burn rate.
5)At least
$425,000 loss in April.
It's my opinion there is
only $250,000 in the bank. I hope more moeny comes in
or at least they can still tap in to the 2.5 million
dollars loan they reported on getting.