"Implant Sciences Is Ramping Up" It's Your Business By Dan O'Brien April 6, 2012
It was just a couple months ago that Glenn Bolduc, CEO of Wilmington-based Implant Sciences Corp., told us that his tiny company (38 employees, according to its Yahoo Finance profile) is ready to hire and get its products to market.
Consider that effort well under way.
Implant Sciences, which makes explosives-detection devices, announced the hiring of three new executives this week alone: Cheryl Debelis was named marketing programs manager, Andrew Andersen was named director of engineering and Charles Fertitta was named quality manager.
The last hiring, announced Friday, perked up shares of Implant Sciences. It’s easy to see why: The release announcing the addition of Fertitta noted that he was brought on board “to ensure adherence to the company’s stringent quality standards in anticipation of production volume growth.”
In other words, we’re making more stuff.
Shares of Implant Sciences, which trade over the counter, added 11 cents (15 percent) Friday to close at 84 cents.
Overzealous maybe? Time will tell. But for now, the company is not profitable and its market cap is more than five times its sales.
Rikrich, another thing to consider is that the new people who came on board are not bums..they must have seen or been told of news that we, the investors, have not yet been told..news about orders..I'm sure these people would not have agreed to work for a company that was headed for the scrap heap..there definitely is something good about to happen..I cannot see a sham or a scam being carried out this far..so I say we have a 90% chance of being right in hoping that some big order is right outside the door.