Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

Market, I just started reading BLTI's SEC documents, and the first thing that hit me was in their description of their waterlase system (the driving force, supposedly, for sales growth in the next few years). It is a big disappointment that a company concentrating in lasers would have a glaring technical error in their basic SEC (10K) filing. The sentence "YSGG is a shortened abbreviation referring to the unique crystal (Er, Cr: YSGG) laser used in the Waterlase, which contains the elements erbium, chromium, yttrium, scandium, gallium and garnet. " is not only clumsy (shortened abbreviation?) but erroneous. Garnet is surely not an element, it represent a family of crystals (like sapphire, and close to it, with Al replaced by Ga and typically a trivalent rare earth). I'll continue once I got a better understanding of their potential, but after reading such error in a 10K, I usually toss the company off my radar screen(g).