Friday, June 16, 2006

BriteSmile (BSML) Higher on Chatter of New Bid

BriteSmile Inc. (Nasdaq: BSML) is moving higher on rumors Futuredontics, Inc. could raise its bid or offer the company a higher cash component. Last Friday, Futuredontics offered to buy the company for $4 per share, $2 in cash and $2 in stock, which BSML rejected. NOTE: One of BSML's concerns in rejecting the deal was that Futuredontics does not have the funds required to complete the transaction. We don't know if this has changed.


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