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Buy reccomendation out from Needham.
We need to get some more visibility and get that number up!
Can someone tell me how many followers this board has as of today?
We can use some pr here.
New 52 week high!
News Out!
Milestone Scientific Appoints Gian Domenico Trombetta as President & CEO of Its Dental Division
Milestone Scientific Appoints Gian Domenico Trombetta as President & CEO of Its Dental Division
Joins Milestone Scientific Board of Directors
LIVINGSTON, NJ--(Marketwired - May 27, 2014) - Milestone Scientific Inc. (OTCQB: MLSS), a leading medical research and development company that designs and patents innovative injection technology, today announced that it has appointed Gian Domenico Trombetta as Chief Executive Officer of its dental division. Mr. Trombetta will also serve as a member of Milestone Scientific's Board of Directors. Leonard Osser will remain Chief Executive Officer of Milestone Scientific.
Mr. Trombetta is the President and CEO of Innovest S.p.A., a Milan based private equity and special situation investment company with a specific focus on innovative investment niches. In the past he has served as CEO and board member of numerous private commercial companies. Mr. Trombetta's appointment follows the recent announcement on May 15, 2014 of a $10 million private placement into Milestone Scientific led by Innovest S.p.A.
Leonard Osser, CEO of Milestone Scientific, stated, "We welcome the addition of Gian Domenico as President and CEO of our dental division and a member of the board of directors. He brings years of senior management experience and an impressive track record leading high growth companies across a broad range of industries. As President and CEO of the dental division, he will oversee an expanded initiative to more aggressively market our instruments and handpieces on a global basis. His appointment also allows us to focus greater resources towards developing and commercializing new instruments for a wide array of medical applications."
Gian Domenico Trombetta, CEO of Innovest S.p.A., commented, "I am pleased to join Milestone Scientific's management team as well as the board of directors. Milestone has accomplished a great deal in building market awareness and penetration of its dental instrument. With the additional resources and capital from us, we look forward to expanding sales of the instrument in both the domestic and international markets. In addition, with our recent capital infusion we look forward to helping accelerate the launch of new medical instruments based on Milestone's proven technology."
About Milestone Scientific Inc.
Milestone Scientific is a leading medical research and development company that designs and patents innovative injection technology. Milestone's computer-controlled systems make injections precise, efficient, and virtually painless. For more information please visit our website: www.milestonescientific.com.
Safe Harbor Statement
This press release contains forward-looking statements regarding the timing and financial impact of Milestone's ability to implement its business plan, expected revenues and future success. These statements involve a number of risks and uncertainties and are based on assumptions involving judgments with respect to future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond Milestone's control. Some of the important factors that could cause actual results to differ materially from those indicated by the forward-looking statements are general economic conditions, failure to achieve expected revenue growth, changes in our operating expenses, adverse patent rulings, FDA or legal developments, competitive pressures, changes in customer and market requirements and standards, and the risk factors detailed from time to time in Milestone's periodic filings with the Securities and Exchange Commission, including without limitation, Milestone's Annual Report for the year ended December 31, 2013. The forward looking-statements in this press release are based upon management's reasonable belief as of the date hereof. Milestone undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
Investor Relations :
David Waldman or Natalya Rudman
Crescendo Communications, LLC
Email: mlss@crescendo-ir.com
Tel: 212-671-1020
52 week high approaching.
Beverly said there is no call in number but:
I will send you as much information as possible after the meeting.
Good luck to all and remember Rome wasn't built in a day, this is a long term speculative stock with a great risk reward and cash in the bank!
As long as we are on target for FDA approval were all good!
That's when the stock will really pop it's happened for me before.
As my 2 year old says "be patient".
Good morning team Milestone, hoping for another Big Volume Green Day!!!
Are they posted on the uspr website yet?
Just a saw the photos of the road leading to the mine along with a sign, has anyone else seen these photos. Very impressive!!
Big volume again today!!
I agree they could have waited until tom to release this otherwise.
If this was the only news than it would have been saved for showing at the meeting in my opinion.
The video is available I just watched it?
News out!!
This board is so quiet today??? Can anyone confirm we are on the ground as of the 10th?
Wouldn't you try to piece out of your position if that were the case?
Sounds like it may work to get you out?
Hopefully they are trying to shake out some weak hands, why else would you put all 40,000 on the offer at once?
But certainly by day 72 as it's a good risk/reward play.
No one ever said that this is a one to three year investment, stop with the lies.
Milestone Scientific Completes $10 Million Financing With a European Investing Group Specializing in High Potential Opportuni...
Milestone Scientific Completes $10 Million Financing With a European Investing Group Specializing in High Potential Opportunities
Financing Consists of Two Million Shares of Common Stock and $7 Million of Preferred Stock Initially Convertible Into Common Stock at $2.545 per Share
LIVINGSTON, NJ--(Marketwired - May 15, 2014) - Milestone Scientific Inc. (OTCQB: MLSS), a leading medical research and development company that designs and patents innovative injection technology, today announced that it has completed a $10 million private placement financing with an affiliate of the Milan-based private equity investor Innovest S.p.A., with a group of qualified partners participating in said affiliate. In the offering Milestone Scientific sold 2,000,000 shares of common stock at $1.50 per share and 7,000 shares of Preferred Stock at $1,000 per share. The Preferred Stock is initially convertible into common stock at $2.545 per share and, if not earlier converted, is mandatorily convertible into common stock at the end of five years at $2.545 per share, or $1.50 per share if certain conditions have not been met, both subject to anti-dilution adjustments. The Preferred Stock participates in dividends on an as converted basis only when, as and if declared on the underlying Common Stock. As part of the deal, the purchaser will appoint a director to serve on Milestone Scientific's board and will contribute management to the dental business. Adviser to Milestone Scientific was London-based financial services boutique Cornhill & Harvest.
Leonard Osser, CEO of Milestone Scientific, stated, "This financing enables us to accelerate the development of additional medical and dental instruments based on our patented CompuFlo and Dynamic Pressure Sensing technologies, to more aggressively market and sell our dental instruments and handpieces in the United States and worldwide and to more fully support the organic growth of our dental business. Innovest's support will allow us to broaden and more quickly take advantage of the inroads we have already made in the medical and dental markets. Future medical applications of our technologies which will benefit from this investment could include colorectal surgery, podiatry, dermatology, orthopedics, nasal and sinus surgery, cosmetic surgery."
Giandomenico Trombetta, CEO of Innovest S.p.A., commented, "We are excited about Milestone's innovative precision injection technology and are pleased to proactively support Milestone Scientific in their efforts to further increase their portfolio of injection technology contributing to the Company's further growth and profitability."
About Milestone Scientific Inc.
Milestone Scientific is a leading medical research and development company that designs and patents innovative injection technology. Milestone's computer-controlled systems make injections precise, efficient, and virtually painless. For more information please visit our website: www.milestonescientific.com.
News out!!
Thank you Cuin2, I'm thinking I will buy more tom if this is the case, my issue is why would there IT guy put this up prematurely, this should be addressed going forward.
Maybe the reason it was so easy to raise all the money in a day, also warrants will be exercised in the neat future in my opinion, money will be used for marketing.
Does anyone know how long the stock has to trade above the various prices to exercise?
Just the news everyone was asking for on the 21st if this is true!
Long and strong and adding!!!
Are you long?
Anyone else with other ideas why the stock isn't up at all?
Are you really not concerned about the selling after all this great news?
We just have to hope the seller is making a huge mistake. It's possible, very possible.
It's obvious that there is a seller.
Based on all the recent news it is hard to believe that stock isn't up at all!!!!
Where are people buying this stock from in the last week??? Hmmm makes you think.
Lask thank thank your my hero, I'm running out the door on uspr! Run for office next in Mexico and take down the cartels. Your the greatest!!! Thank you thank you for the chart info!!!
Anyone watching this one?
It's a scam Russo your right!!! Congrats you still not profiting!!!!
This is a speculative stock which means that overall is has a 1 in 10 chance of hitting that's a fact.
But your the expert so you should know this, my blinders are off and guess what your commentary has been heard, thanks
Next!!!
Did you listen to the Mike Berry interview from this weekend? He touched upon the Plasma technology and said it's early to conclude one way or other.
So why are you here today as you received your needed update on sat?
Until the results are in I don't really care about the buying and selling. Since we know you don't own a share, why do you care? That's the real question?
I listened to the interview and I was impressed, I will be adding to my position as well this week.
Why do you care you don't have a position anyway, be gone!! We all know you think it's going to zero and were going to loose 100's of percents. Thanks for the input!