In my opinion--this stock has been targeted by a deep pocket--large short position and low volume/ accumulate then drive it up to panic the shorts to cover/ sell into
That will be the day, I don't know who is left on the short side. I suppose they could be little red wing starlings shorts picking around the carcass after the vultures have had there fill. Sometimes these beaten down issues will start to rise on there own when you least expect it...and I least expect it. The shorts have done a good job on this stock and may decide to run it up like they did XM .
I guess I would like to know more about Biolase time table plans with Presbyopia and the Home Whitening System.
I also think they could set up a couple of Bed and Breakfast type dental spas out in the middle of no where and bring in up to 6 dentists for 3 days for hands on training before delivery of thier units. Add 2K to the cost what the hell. The best marketing tool Biolase could possibly have is well trained MD Purchasers. You can save money by cutting out the "MD" as "Tom Hanks" on a Desert Island Thing. Sorry that was a stupid Movie and a dumber advertisement. Biolase doesen't even make full use of the beach page by putting a note about the product in a bottle.
Finally if this company needs to sell 17 million worth of product per quarter to break even then we are screwed as is. I am sure they did not mean 17 million for the year did they?
Nice theory. I hope it comes to pass eventually. But for that to be successful BLTI is going to have to show better earnings growth or something new that could cause speculation that earnings could take off soon. If not then investers are looking at another year of dead money in my opinion.