Lately, Ophthalmic Imaging Systems (OTC:OISI) has been getting hot and cold all the time. As soon as the stock price is up, 
suddenly it falls down again. It is interesting what its next move will be.
During the fist week of June, OISI jumped up on some news of a merger stating that Merge Healthcare has signed a definitive merger agreement to acquire OISI. Despite the fact that the merger was dependent on some closing conditions and was supposed to close at some time during the third quarter of the year, the stock price flew up immediately.
However, last week OISI moved back down, leaving no trace of the previous impressive gain. Most probably, the fall was due to the lack of further significant information on the company’s activities that discouraged investors.
This week, OISI got the climb again, though it is not certain for how long this time. Yesterday, the company filed an 8-K form with the SEC, though it didn’t point anything substantial. The document reported amendments to some articles, as well as a change in the fiscal year as approved by the shareholders. In any case, if this news is able to hold the up move for OISI is just about to be seen.
Ophthalmic Imaging Systems is a leading provider of digital imaging systems for the eye care field. According to its latest 10-Q report, the company’s financial condition is not much satisfying.[BANNER]
The balance sheet shows that the assets of OIS are higher than its liabilities, though the loss from operations and the warrants issue are really disturbing. Besides, by March 31 this year the company’s accumulated deficit totaled over $20 million, which adds another concern to OIS account.
Based on the facts so far, it seems that OIS should keep hoping that the above-mentioned merger agreement will be able to bring some profit to the company.
