BioLase Technology Inc (BIOLQ)

[John B]

It really depends on how quickly they can turn
the company around. If they lose 2 million for each
of the next 2 quarters then they will eat thru the
5 million, and then will need to do another offering in
6 months. If they only lose 1 million a quarter they
could go a year. If they can turn profitable shortly they
might not have to do another offering.

The stock dividend just seems silly. It is in a form just
a small stock split. Last quarter I just thought it showed
management had faith that the company was growing at a fast
pace and was trying to increase the small float. This
quarter with the poor earnings and the stock offering
the stock dividend makes no sense and IMO shows poor
decision making by management.