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And so it begins!
I agree, I’m looted to only one post per day. I have been reporting TOS violations recently on the mod that always posts outdated information.
Hopefully everyone else will also start to do the same thing to draw more attention to this extremely unfair practice. At least start removing his posts too. Outright flat out LIES is all he posts...
I’m ready for this to start to the real run. Very happy to own this stock.
I’ll be disappointed if my prediction for Q1 is less than 100,000 units sold, and that’s an EXTREMELY CONSERVATIVE ESTIMATE. I wouldn’t be shocked to see them show over 200,000 units sold for Q1.
I have been here a long time, and cannot remember this company ever being in this position. The best since I’ve owned it.
UK NHS & surprise B Braun day surgery announcements were both HUGE. They will both get more cranked up and just using those two new revenue streams combined with our existing sales will put us over what we did the entire year in 2017.
The UK says 26,000,000 people visit doctors for chronic pain.
We know this product works EXTREMELY WELL. Add this going forward on an annual basis:
(NHS patients using Actipatch 2018)
1 out of 100 (1%) = 260,000 units
1 out of 20 (5%) = 1.3M units sold
1 out of 10 (10%) = 2.6M units sold
Germany, France, Spain will follow the UK NHS program IMO. Then the USA will finally get FHA approval for clearance on the Back and musculoskeletal pain. When that happens the box stores will open up immediately in the USA. In my opinion, because of the great news out of the UK, the FHA Clearance will happen by summer with any luck.
If we see sales in excess of $5M in Q2... that would be the major part of this going through roof this year.
I am just enjoying the fact that I own shares... GLTA invested!!!
I agree with you and your Q1 2018 conservative sales estimate. I’m just a little shell shot on pulling the trigger for more shares, when over the past 3 years, I have bought additional shares, but BIEL has printed new shares faster than anyone can buy.
Would just be nice to know for certain this pattern has been stopped and they have no intention of restarting the Gutenberg printing press unless the sky begins to fall on us.
I’ll continue to watch the MD Sec of state filings for additional shares notice.
Cheers
Jimzin, I think you could make the argument today that based on the update and year end numbers, the Q1 will probably show more in sales than the entire year in 2017.
I’m looking for more than 1.73M and sales of more than 100,000 units as an extremely conservative estimate.
I also think the numbers will surely grow exponentially as the year progresses. France and Germany are in motion. The FDA meeting is on May 9th, and the Q1 numbers on May 15th.
I don’t think we’ll get the full clearance on May 9th, but the update afterward will be very interesting. So YES, I think the days of dilution are in the past. We’ll find out pretty soon.
Got to love the close. Zinnyboy....was that your $130 purchase of another worthless 100K shares ? It does look pretty compared to .0012 !
This is not a waiting period! This is an accumulation period!
that's great news. Do you think BIEL will now be able to halt future stock dilutions?
Would be nice to get a confirmation on that...I'm certain many potential investors would be interested in knowing before they take a large position.
cheers
Linkdin has 29 employees for Bioelectronics. Richard Staelin is listed so make it 28 at most. Some long Asian names listed too. I am not on it so I don't have full access to list. Can you check it and post what you find ? Thanks SR. Hope all is well in Southern Cal. Go Bruins.
Nice post. Lost Tree is nice.I played a few holes with the latter at Latrobe. I birdied the short 2nd hole, as did The Legend. Later that day we had a few iced tea and lemonade beverages before a delicious late afternoon lunch. Priceless memories. Biel ...worthless stock with low price as of now.
Re medical devices and deal making.....
Posted
Just to clarify some of the pervading nonsense.....the B.Braun initiative was only ever involving RecoveryRx inserted into its surgical kits for post-op pain management. The other initiative, the addition of ActiPatch to the UK NHS national health insurance Tariff on April 1, was managed by BIEL. Two separate missions, managed separately, both amazing successes for the company going forward. Both separate income streams! Note the same corporate management style during both missions - secrecy, keep a lid on developments until you’ve got r done. Sensible, responsible, prudent man agent worked and I applaud BIEL for keeping a lid on the progress. Nothing good can ever come from letting your competition or your enemy know that you’re coming. Why blow it or create undue risk unnecessarily? It ain’t over till it’s over. ActiPatch on the NHS Tariff and B. Braun completes RecoveryRx mission....can we all hear the fat lady?
$$$$ You Know When.......imminent, uhhhh, Now?
Srin
It's also a common practice for the Licensee to distribute free samples of the Acti line to all medical professionals. Marketing, networking and last but not least-"The supply chain"
Trust this helps.
Absolutely MT, those thousands and thousands of ActiPatches are not going to deliver themselves to the 11,000 NHS Pharmacies. We need someone who is already servicing these Pharmacies to handle the distribution.
I am surprised it has not leaked out as the distribution has been going on for a month give or take.
Srin
I would focus on a UK partner to start the ball rolling.
Trust this helps.
Thanks Mtoronto, The Smart Insole Re-Design rang a bell. Checked my notes and found that Dr. Rawe mentioned it in a Webinar on 12/19/2017, minute 28:07 during the question period of the 'Meeting the Need for Chronic Pain Relief' Webinar.
Dr. Rawe said he expected the Re-Designed product to be available in 3-4 months. It has now been 110 days since the Webinar or a little over 3 and a half months.
Spelled a bit differently
I am just curious why he is following this company...could be he has forgotten all about it
Some other interesting names as well on his linkedin...could mean nothing....
Hoping for and counting on bigger names
Foot leveleers inc?
Sounds good Mtoronto, I would say that the FDA owes us a couple of Fast Track Clearances after the 18 month marathon for Knee and foot.
"which company will get the Smart™ Insole rights?"
I would say the one with the deepest pockets.
Any feel for the structure? Broken up by region or one big world wide deal.
Take care.
129339 on questions regarding medical device and polite, respectful answers given.....
questions asked.....
“I posted on this board how B. Braun was a perfect match and their initial app. to the NHS for BIEL is what made this whole thing happen. I was told the next day I was wrong as B. Braun was "NOT" in the picture and hadn't been for a long time, and it was ALL AW that made it happen. Now B.Braun is in the picture, yes they made the app over two years ago with a PR from BIEL describing the event, now should B. Braun have told them not to PR that?”
Answer - absolutely.... yes...both companies determined, working together, that it was best to say nothing in order to protect business positions.
“I don't know, you tell me. One day, they're out, next day they're, in. So what do I trust, who do I trust?”
Answer - never make silence and discretion by someone else a trust issue, trust or mistrust. Make it a respect issue. If someone wants me to know something, they tell me. If they don’t, they won’t. I respect both and rarely ask questions about information I have no right knowing! To ask twice is disrespectful.
Thanks for your post mtoronto. I have never seen such loyal shareholders in an investment, in my life --- and I am no spring chicken. We all deserve some healthy return on our investment as we have believed in this for many years and stayed the course. Many have kept buying shares throughout that time, knowing how effective these product are from personal use. We have endured so many ups and downs due to FDA snail pace and management inexperience. Our patience has been tested over and over again. And with finally getting that coveted FDA clearance, although not for all uses we expected, we see the end is near. Not the end of story, but the end of all the frustration and waiting we have had to endure. YES, its coming soon and it starts with 'back' and full clearance.
Good to hear your opinions, don't be a stranger to this board.
Chompiee
Timelines for quiet periods may vary, it could be 30, 60 or 90 day periods. It’s all about impending actions such as inventory, co-branding, marketing, etc. Keep in mind that the re-design of the Smart –Sole was initialized by the licensed partner which states their intentions.
Yes, the update is very informative. Now if we are looking outside the box, we see it different. This is a huge gift to the investors that read the update. There was no press release and furthermore, there were no Day Traders! Keith is bringing share value to the investor for life, not just for a few days. Keith is not here to bring the stock up just a few pennies, you have to know his past performance to understand his goals and ambitions.
Keith does something the first time which other people would do the second time. Hopefully you understand this.
This is not a waiting period! This is an accumulation period!
Trust this helps.
Quite the memory. Yeah...I was on Yonge Street as a teenager and was in some old hotel. It had a cheap electric light hanging from the ceiling and we used it as a basketball hoop for our dirty laundry. Came back alone to room and the light had caught fire. Hate to think what would have happened if I didn't stop back while my friends were eating at a place down the block. It almost seems as long as I have held these seemingly worthless shares of BIEL. Hope you know what you are talking about. What about my Knicks ? Your Raptors are choke artists...Lebron can't be beat in the East.Enjoy your weekend.
How long you think the quite period will last mtoronto? Seems like the shareholder update was to keep us informed but also making sure we heard from the company after a couple of months of silence.
Bigstick, if that's your name, I remember you as someone else. Yes, you came up here to Toronto many years ago and allegedly started a fire in a hotel room! Correct me if I'm wrong.
You must know that I know that you and everyone else that hold BIEL stock will with certainty and without any doubt be very, very pleased.
Focus on the license fees because those actions alone will take BIEL out of the red.
LOI's are completed, quiet period happening and last but not least, who are the licensed partners? LOL
Rangers and the Devils are hockey teams?????? Hmmmm, got to look into that.
Great game 4/5/18 between Devils and your Maple Leafs. Taylor Hall kicking butt in New Jersey. He should be representing Actipatch the way he is playing. I am saying Devils win the Cup, even though I bleed Ranger Blue.
Any idea why Canadian sales are so bad ? When do Walmart and Boots-Walgreen make the big splash and put Bioelectronics products on their store shelves ? Come on fella...spill the beans . i know you know !
Tally Ho to Zinister Yammer too ! I left you a five star post replying to how you would punish big gubmint on the other board (#129101). Of course it got censored...because sickness was needed to counter your craziest post ever. Great post over there by ssmmss regarding a realistic pps projection for 2018...don't you agree (#129138) ? More good realistic posts too by ssmmss after first one today. Refreshing after tsunami and soon drivel over and over for years. What would happen if we ,members on this forum, all threw in another 10K's worth of BIEL ? Could the fifty or so of us get the pps to .0015 today, and have it stay there till FDA clears Actipatch for some other indication ? Personally I just hope B.Braun gives us a buyout offer for a nickel, and takes the decision out of my hands when to sell any shares. Hate to sell too soon, but not fun like when this hit 12 cents and many just rode it back to almost zero. AW turned down about a quarter when share structure was under a billion, so at 20 billion it seems that a nickel is worth about a dollar a share today. What you think Jimmer ? Other longs ? I would just love this to come to an end, and get some of my cash back after 12 years of being in AW's pocket. I am hoping for a good end of the week for this stock. More snow up here in the east for tomorrow and maybe today a bit too, so I want something to feel good about. Maybe I will open a nice 09 Caymus tonight if we close at .0015 !
Zinner you are killing it today...Andy daPutz , as another poster on the other board called Fearless Leader, may not like you any more. Nice shareholder update..I just hope some of it is true, and actually comes to fruition before the next yam harvest.
Dr. Scholl's I assume...don't you ?
How did the shooting of Lady V have anything to do with BIEL's struggles, and in what way did the company incur financial harm ? Are you saying that the disgruntled lawyer made trouble with the SEC also as a result of Lady V being shot ?
Srin
Hopefully, this will be the last calling card before the great news. Keep in mind that the FDA clearances will go through the 510k process in respect to a predicate device that was already achieved last year. This will be a smoother pathway for all other devices that BIEL submits.
BTW- Do you know which company will get the Smart™ Insole rights?
Regarding the painful process of obtaining FDA OTC Clearance for a medical device that will help tens of millions of pain sufferers......
I believe the issues you refer to were different from the SEC matter. SEC began when a man with a record was exposed as representing BIEL as a fully accredited lawyer and member of a Bar, when he was not. He was exposed, tossed to the street by the victim, BIEL, and went sniffling to SEC with lies because BIEL refused to pay him, as a fraud.
“Actually if you dig deeper it is due to a poster on this board getting so annoyed after some personal maters that they called the SEC to report things that were in the fillings in black and white
$400k of legal costs per years for 3 years can buy you a lot of advertising”
A ton of advertising dollars, all caused by the fraudulent SEC action generated by the fraudster! Amazing but true! And if one digs deeper still, another event described in the link below, took place in 2010, 8 years ago, and the angst you describe emanated as a result of that. But, I don’t think that scenario delayed FDA OTC clearance by one day, although the dishonest SEC debacle cost a couple of million in advertising dollars. I also think the FDA process took the many years it has only because that is the nature of the beast and the ActiPatch breakthrough disruptive technology was so new to FDA, that extended the learning curve and clearance process.
https://www.fredericknewspost.com/places/local/frederick_county/new_market/family-of-woman-shot-by-trooper-sues-state-police/article_408b7f28-ec6e-5bc8-85f0-1d26b7fb8523.html
If you get a chance, don’t pass it up!
Go BIEL
My guess is that once BIEL becomes profitable via sales and/or licensing agreements they would have to payoff these convertible notes to secure larger institutional investors. Which will happen as long as the Whalens are guaranteed a big payout... and I'm ok with that because in that scenario we ALL win :)
The IBEX convertible notes make for some serious opinions as to what will happen with conversions. I have pondered mine over and over again and there is no doubt this can be seen as a bad OR good thing. With such a low stock price and what most of us believe, very effective products with immense potential, they are a prime candidate for a hostile takeover. Don't fool yourself into believing that the very low stock price we are seeing now is not the doings of one interested in such. Being on the pinkies with little regulation, it would not be hard for one with firepower to suppress the stock for accumulation. If IBEX (family) controls 51%, they can make that impossible. I think it is obvious what the negative would be for the rest of the stockholders. My question is this: Are the authorized shares that are available now, and the reason they were recently increased, for supplying the family's conversion of notes? That must be where they will get their conversion from, correct? If so, when all is said and done, the 'family' is in total power and control of our investment. Not a surprise to me at all since I always felt that we will profit from our investments ONLY when the 'family' (our CEO) allows us to. That is why I laugh at this being a publicly traded corporation. Really? More like a sole proprietorship.
Well said Simps, I couldn’t agree more!! Long rocket ride ahead!!
Regarding BIEL's medical devices and their imminent success . . . .
Hey 7Up
I suspect there are very, very few "off-the-wall calls", to be made to BIEL management, in the future, as you suggest may happen.
Existing and prospective Shareholders of BIEL now generally know what the company has and are pleased and more confident than ever before about its amazing progress.
The press release in January about being added to the UK NHS Tariff on April 1 came to pass on schedule and as announced earlier, for all the world to see in the actual Tariff, nothing more to learn about that. >28 Million Brits with chronic pain and there have already been articles in the British media and websites this week on the news.
I do not want to know the current status of any discussions with any parties as to possible commercial relationships in the U.S., period, until those deals are inked and all parties concur on when to release such news and how. Experienced business people know that such announcements contain launch timing and marketing and sales targets and those are never addressed until foundation deals are made.
Every company I have been involved with, or know about, that has gone through an exhausting FDA drug approval or device clearance process, before going to market, and I have been involved in both processes, would see BIEL's journey as amazing! The brilliance of what has happened is that BIEL did not wait for the FDA to give the necessary clearances, foot, knee, back, general to go to market in the U.S. No, they went overseas, did deals in many countries and were added to the UK NHS health insurance coverage tariff on April 1! For what my opinion is worth, I applaud Andrew Whelan and his team at BIEL for this amazing accomplishment.
I was actually asked recently what the word 'now' means.
Now means the following:
1. ActiPatch listed on the UK NHS Tariff, now;
2. ActiPatch Back trial submission, requested by FDA under review, now;
3. Allay trial for dysmenorrhea underway, now;
4. Migraine trial, now;
Etc.
Etc.
So many nows 7Up . . . . too many to list. Bottom line is that wise investors know that BIEL is poised for great success now and it doesn't take a call to the company to know what's going on . . . .anything else is none of my business, at the moment - BIEL has business positions to protect and I am just not entitled to, nor do I want to know what they are . . . . is there anything else of importance to know?
Back at ya Mtoronto, A very relaxing weekend knowing that NHS sales were starting up.
I thought the 3 clearances were a bit odd with all of the talk about One Product does it All secured with K-Tape.
Definitely agree that 3 Clearances are better than one. The specific 'Back Product' being NHS may even facilitate our FDA Back Clearance.
My best to you and yours
Thanks for the reply.
Doesn't this boil down to IBEX having +50% share control via convertible notes, and in reality all current shareholders comprise less than half of the potential share count if the entire conversion takes place.
What's to prevent IBEX converting and selling ALL their shares over the next 10 years as the SP increases?
With larger investors knowing that 50% of the shares are still on sideline owned by IBEX, their $1000 investment immediately turns into $500 if IBEX decides to convert their notes... or am I missing something?
You are correct apart from the date when they can convert. The date is irrelevant as you observe the family will take cash. Average time a note is held by ibex is over 4 years and only converted when the company needs cash.
As you state though they could if A/s raised convert to stop hostile takeovers
This is a medical device board and bigstick is off topic which is not acceptable. Take all the BS private thanks
Could someone please provide context around NOTE 7 – RELATED PARTY NOTES PAYABLE section which states "the corresponding shares to be issued on the conversion of these IBEX notes has
increased to 19,658,867,082 at December 31, 2017."
Does this mean IBEX can convert their loan to into 19.65 Billion shares on Dec 31?
I know IBEX is owned by Kelly Whelan so she presumably doesn't want to dilute the SP of BIEL considering it's all in the family... In that case, is the plan for BIEL to just pay off the note (once profitable) instead of IBEX converting the debt into shares?
If I'm speculating correctly, does anyone think they're using this financing strategy to prevent ia hostile takeover by interested parties buying up 50.1% of the shares? If someone did, IBEX could just follow up on the debt conversion, maintaining 50.1% between the Whelan clan... Any thoughts?
pinksheets has info out now for 2017. They did about 454K for Q4.
Total loss now at about 32 million over all these years. Last two years averaged about 500K per quarter....so don't know about the new tools lately talking about a 200K 4th Q for 2017. This next quarter must jump up to a million dollars, and Q2 2018 should hit 2 million...what we basically have done each of the past two individual years.
email me bigstick...the GG&G folks don't want to read our nonsense...
jimbo at covingtonvodka dot com
Your picture should be on both the Healfast and the Allay packaging. You can be dressed in a long white coat with the MD OBGYN degree on the left breast pocket. Just don't get any wine stains on it when you pose for the photo.
Gobble gobble on tight cat. Try the Devon Rex.
down here we eat fried turkey all the time...
you'll be picking out your new custom pink Lambo before Thanks Giving...bank on it
no idea why they are speculating on 4Q sales...
doesn't much matter to me. 2018 is the year of the tight cat and BIEL!
no need to do that. the table has been set, the deep fried turkey is finished, the biscuits are almost done and the dinner bell will be ringing very soon. bank on it.
OK Zinmeister...He is a bit over the top with meeting the royals , and hot shot lawyers all over the east coast. Why don't you and he go talk to AW and get this stock moving upward ?
Lee is a very good guy bigstick...
No he is not me...but i'll bet he wishes he was! be nice bigstick
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