FACTS for NEWBIES!!! BIEL :
Q3 had sales of about 500K
Q4 has sales of about 661K
Q4 losses were cut in about half to 332K
Q4 Sales Grew about 32%
In Q3 there were 585 Stores
During Q4’s second half
1945 Stores were added
429% Store Growth.
Costco Canada online was added, check the website.
Q1 2016 Appears to be weaker, than expected, though still better.
In Q2 which the Company is in now, B Braun (10 largest Healthcare Company in the world) started putting two of Biel’s products RecoveryRX
in each Hip and Knee Surgical kit they use in the UK, with Germany to follow. B Braun is a BIG DEAL, they did not get into this to make chump change.
B Braun did their own testing and refined the unit for best performance.
Again B Braun is NOW selling Biel Products.
FDA is currently reviewing Biel Products for Clearance which could come ANY day now.
The beauty of this company currently is that it does not need the FDA to be successful going forward, but I believe it will be Cleared, again very shortly.
February 5th the SEC took a small action against the Company over how it recored $366K in sales in 2009, 7 years ago. . According to the company the Accountants and Lawyers both agreed that the companies recordings of the sales were fine. The SEC also said they did not like the way the Company was funding itself with personal loans for stock. This has for years been fully disclosed on their quarterly filings. Longs are fully aware of the self funding. Summary Disposition (means the two sides come to an agreement and it goes away) is May 27th. Should the two sides not agree there will be a hearing in September and a Judge will decide. This action should not in anyway affect shareholders, Imo.
Shares outstanding are about 11 billion which is the same as 11 million shares outstanding at a $1.30 or 110 million shares at $.13. Authorized share are 15 Billion and the company has not been diluting.
