I really seem to believe that this stock will someday be worth quite a bit. How long we'll have to wait is anyone's guess but with the technology that they have patented if the company can grow and bring the technology to the market the sky's the limit. Being a shareholder, I hated seeing the price drop after last quarters earnings because it seemed as it was starting to roll given that everything was finally into fda. However, if you've seen the handpiece you would understand that it needed a redesign. I hear the crystal saphire tip broke easily and they were constanly having to replace them. Maybe they were too bulky to fit in the back of the mouth? So in the long haul this is a good thing. Maybe they are simultaneously working on making the whole unit smaller. For those who have seen the machine in production there is quite a bit of room inside and a redesign of it could save a lot of space and make it a lot smaller. With two contracts in hand I have to believe that this will be a laser in demand. Yes it's expensive but the high end practices will pay for it. So far the Germans and Japanese want it. With this, we know the laser works and it leads me to believe that FDA is a high possibility. Plus premiere got the first and most difficult one out of the way. I know for a fact that blti's laser cuts better that premier's. I've spoken to one of the sales reps that left premiere. Word has it that they both left last sep. for "greener Pastures". They must have seen something in blti. The big question is if management can execute a business plan. So far they've been slow to the punch and failed on a lot of promises, but I have to believe they will deliver. It is a very tight nit bunch of people at blti and they have a lot to gain. In for the long haul unless fda really makes it pop. See you there.
cadilac: He my son recomended this stock to and he is just as sure as you it will take off.He seemes to know some one who works for BLTI and they and my son are staying with them.I'll stay as well, to bad my broaker dosent agree. He has been buging me to dump it for a year.I THINK IT'S A WINNER.
I've held this stock for 2 long years. I've seen 5 1/2 - 2 1/2. I think once FDA approval is announced for one or all of the three products that are expecting approval in '98 the price will move. Any significant move - above 5 1/2, or end of '98 and I'm outta here. BLTI is more of a trading stock than a long term investment. Sell on the news!!! - if there ever is any