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BIOLASE, Inc. Message Board

lookingforatenbagger 47 posts  |  Last Activity: Aug 28, 2014 4:32 PM Member since: Nov 17, 2004
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  • Reply to

    Draggin'

    by biolrocks Aug 27, 2014 11:12 AM
    lookingforatenbagger lookingforatenbagger Aug 28, 2014 4:32 PM Flag

    I see the reason for the fight control. Oracle figured out freddie was a problem and realized they'd never get their money back if he staid, so they kicked him to the curb. That doesn't mean they have a better plan, in fact their history indicates they'll be looking take over the company on teh cheap and then sell the pieces.

    Sentiment: Sell

  • Reply to

    Okay haters, explain the insider buying.

    by jjg196369 Aug 18, 2014 6:28 AM
    lookingforatenbagger lookingforatenbagger Aug 26, 2014 4:58 PM Flag

    Do you think when freddie sacked the old guys and brought in new three years ago he expected them to fail? Selling at $3.50 was a good move, but selling at $6 last year was an even better move. I doubt you'll have the opportunity to sell at $3.50 again.

    The question is, "What are the pieces of Biolase worth? What is the price of unsuccessful 10 year old technology?"

    Sentiment: Sell

  • Reply to

    Property Flip

    by i_gotta_have_more_cowbell Aug 26, 2014 4:24 PM
    lookingforatenbagger lookingforatenbagger Aug 26, 2014 4:54 PM Flag

    Mel, I'm afraid you give oracle too much credit. Do a little research and you find the guy that made the original deal with freddie no longer works for Oracle.

    You should also check out Oracle's history. They are not long term players who are in the business of developing technologies and saving companies. They are in the business of hacking carcasses they acquire for dimes and selling the the parts for dollars.

    Sentiment: Sell

  • Reply to

    Okay haters, explain the insider buying.

    by jjg196369 Aug 18, 2014 6:28 AM
    lookingforatenbagger lookingforatenbagger Aug 26, 2014 4:49 PM Flag

    I think you give the junior execs that made the original deal with freddie too much credit. That said, I think the smart guys at Oracle are in charge now and looking to recoup their cash with the current shareholders getting the minimum the law will require. The law doesn't require much for a company that burned over $100M in the last decade with nary a new product to show for it.

    The Sunshine girls insist the decade old technology is worth BILLIONS, but I kinda doubt it.

    Sentiment: Sell

  • Reply to

    Property Flip

    by i_gotta_have_more_cowbell Aug 26, 2014 4:24 PM
    lookingforatenbagger lookingforatenbagger Aug 26, 2014 4:44 PM Flag

    Tinkerbell, You are right. The short interest won't matter in a take out and you will get your "instant evaluation." The question is, "What will that evaluation be?" I doubt you'll be happy with what Oracle will take the company private for. The good news is oracle isn't that kind of company. The bad news is oracle is the kind of company that does buy wrecks like Biolase and sells them for parts. The key in making Oracle money is not paying too much for the carcass.

    Sentiment: Sell

  • Reply to

    Where's all the talk?

    by biolrocks Aug 23, 2014 10:48 AM
    lookingforatenbagger lookingforatenbagger Aug 25, 2014 2:07 PM Flag

    You should check out freddie's face book page. It is hilarious. Apparently freddie thinks the new regime is bunch of clowns. Freddie agrees with me on Moll:

    "Dr. Frederic H. (Frank) Moll – Dr. Moll’s professional biography includes serving as Chairman and CEO of Auris Surgical Robotics and as co-founder and CEO of Intuitive Surgical, both surgical robotics companies. Importantly, Mr. Moll was terminated by Intuitive Surgical in 2002 for poor performance as reflected in a decline in share price from $50 to $6 (yet he remained a Director), many years prior to that company’s notable success, which is rightly attributed to the management team that followed him.

    Subsequent to Intuitive Surgical when Dr. Moll was CEO and a Director of Hansen Medical, Inc. (another surgical robotics company that was involved in patent litigation with Intuitive Surgical after Dr. Moll changed jobs), that company faced two related class-action lawsuits by stockholders triggered by a “whistleblower” that subsequently uncovered accounting irregularities and led to the restatement with the SEC of financial results for the 2008 first, second and third quarters and full year, and the 2009 first and second quarters. Under Dr. Moll and his management team, the price of Hansen Medical common stock declined from $39 per share in 2007 to slightly above $1 per share today, a drop of more than 97%.

    Moll sounds like he will fit right in at Biolase, doesn't he?

    Sentiment: Sell

  • Reply to

    Negative comments from CNBC's Jim Cramer........

    by aprilmarch Aug 20, 2014 11:42 AM
    lookingforatenbagger lookingforatenbagger Aug 22, 2014 10:39 AM Flag

    Isn't investing in any cash burning company a "rank speculation?" Why is FCEL better than Bloom?

    Sentiment: Sell

  • lookingforatenbagger lookingforatenbagger Aug 22, 2014 10:35 AM Flag

    Odd. There is "good news" and the stock is trading at $4.40? Perhaps the stock holders didn't view the continued dilution and reverse split as "good news.

    Sentiment: Sell

  • Reply to

    Okay haters, explain the insider buying.

    by jjg196369 Aug 18, 2014 6:28 AM
    lookingforatenbagger lookingforatenbagger Aug 22, 2014 10:25 AM Flag

    Freddie's face bok open letter notes, " three of the five nominees own no BIOLASE common stock, and their interests are thus not aligned with those of all Company stockholders. The other two nominees only recently acquired shares, albeit at a significantly depressed price."

    Why haven't three board nominees bought any stock? Wouldn't they know more than any poster on the board.

    Sentiment: Sell

  • lookingforatenbagger lookingforatenbagger Aug 22, 2014 10:23 AM Flag

    From his letter, "More specifically, in my view the nominees have neither the skills nor the track record to build BIOLASE into a great company. Several have a history of behavior that is at odds with best corporate governance practices, if not securities laws, and have been named in multiple class-action lawsuits brought by stockholders. Moreover, three of the five nominees own no BIOLASE common stock, and their interests are thus not aligned with those of all Company stockholders. The other two nominees only recently acquired shares, albeit at a significantly depressed price."

    Odd. I did see anything about anyone being "named in multiple class-action lawsuits."

    One has to love the soap opera.

    Sentiment: Sell

  • lookingforatenbagger by lookingforatenbagger Aug 21, 2014 2:21 PM Flag

    "I think the stock have moved up too much. I do like Opko. It's a good hold here."

    OPKO closed at $9.11 and it is $8.81 as I type, down 3%. Is it getting into buy territory? Looking at the 2 year weekly chart, there is a long term arrow forming. Things will be very interesting in teh next month or two.

    Sentiment: Buy

  • Reply to

    Upgrades...

    by retlaw1967 Aug 21, 2014 12:53 PM
    lookingforatenbagger lookingforatenbagger Aug 21, 2014 2:16 PM Flag

    OPKO is a stock for 2015 when the pipeline starts to be monatized. 2014 is for accumulation.

    Sentiment: Buy

  • lookingforatenbagger lookingforatenbagger Aug 21, 2014 2:12 PM Flag

    Perhaps if they had a product that was in someway special in the commercial market they might be able to attract sales representatives that would push it and sales would increase.

    Sentiment: Sell

  • lookingforatenbagger lookingforatenbagger Aug 20, 2014 5:42 PM Flag

    Why do you suspect the price would jump 20% if the "selling profit taking" stops. ~5K shares traded today and the price fell 5%.

    You really need to take in a light show and see just how much high level competition is out there. You Just missed "Lightfair" for 2014, but there are lots of regional shows you could take in.

    Sentiment: Strong Sell

  • lookingforatenbagger lookingforatenbagger Aug 20, 2014 5:37 PM Flag

    Mel, 4.5K shares traded today and the price dropped 5%. This should be a signal of something, shouldn't it?

    Sentiment: Sell

  • lookingforatenbagger lookingforatenbagger Aug 19, 2014 7:45 PM Flag

    "Selling average of 20,000 shares per day" Odd I thought someone was buying 20,000 shares per day. Has it occured to anyone the people who took the credit swap know much more about the company then anyone posting here and according to Mel, they are selling.

    Sentiment: Sell

  • Reply to

    Okay haters, explain the insider buying.

    by jjg196369 Aug 18, 2014 6:28 AM
    lookingforatenbagger lookingforatenbagger Aug 19, 2014 2:24 PM Flag

    Mel, I pointed out your misquoting me out of context before. Buying at $1.85 was "cheap" in comparison, but let's not forget he didn't have much choice on the last bail out. He could keep his below water investment and let freddie suck in a new investor, or he could take over and bounce freddie. He could have let it go into chapter 11 too.

    I suggest the reason he bought was it was the best of a number of bad choices. I have written often, that I doubted Biolase will survive as an independent company. I assume Oracle thinks the pieces are worth more than $1.85 and hope they are worth $2.50.

    Sentiment: Sell

  • lookingforatenbagger lookingforatenbagger Aug 18, 2014 2:26 PM Flag

    I had no idea the US Navy could give them "international" sales.

    Sentiment: Sell

  • Reply to

    Okay haters, explain the insider buying.

    by jjg196369 Aug 18, 2014 6:28 AM
    lookingforatenbagger lookingforatenbagger Aug 18, 2014 2:23 PM Flag

    Mel, "the "new" dragon tech? Exactly what part of the iLase is new and not base on decade old technology?

    BTW, I think Oracle can put the company into bankruptcy and then sell the scraps to recover their investment. They are not emotionally tied to the company. I suspect any additional cash infusions will result in even more dilution for current share holders.

    Sentiment: Sell

  • Reply to

    Okay haters, explain the insider buying.

    by jjg196369 Aug 18, 2014 6:28 AM
    lookingforatenbagger lookingforatenbagger Aug 18, 2014 2:20 PM Flag

    Hater? I prefer realist. But here goes. Although it is listed as a Section 4 "insider purchase" it is really emergency loan from the lender of last resort.

    Feinberg and Oracle bought in originally at around $2.50. They knew the bank was calling in the loan. With no other cash source they had to decided whether to let Biolase go under, give freddie some more money and watch him burn it or buy more shares 30% cheaper than their original investment and try an salvage their original investment.

    I wouldn't view this as a vote of confidence.

    Sentiment: Sell

BIOL
2.16+0.03(+1.41%)Aug 29 4:00 PMEDT

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