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It's not just market cap and PPS that matters, there are historical earnings requirements as well. Beyond that there are very stringent corporate governance and compliance rules that must be adhered to. It's simply not going to happen. OTCBB? He might be able to pull that off, but a major exchange is ridiculous.
Yeah, it's been a pretty steady pattern for the last few months. There has actually been some good flipping opportunities for those that pick up shares on dilution day and sell them after the recovery.
Yes, and that's one of the many reasons that BW's stated goal is laughable at best.
Koma is a drank clone. Adding one extra ingredient doesn't change the fact that the Koma was created after Drank and used almost exactly the same formula and flavor. Of all of the millions of flavors on the planet why would BW choose to go with the exact same base flavor as the most popular drink in the market at that time? Grape soda isn't exactly the most popular drink out there.
Koma is a blatant ripoff of Drank, right down to the nasty grape soda flavor. Seriously, grape soda?
As of today it is still scheduled for May 21.
http://www.fda.gov/AdvisoryCommittees/Calendar/ucm346715.htm
What a difference a day makes.
Again, short sales simply aren't a significant issue with a stock trading at this price.
http://www.otcmarkets.com/stock/BIEL/short-sales
There are a ton of posts and articles about why the daily numbers are so badly misinterpreted, but it basically comes down to Market maker transactions on behalf of a retail customer are reported in two legs and if the sell is executed/reported before the corresponding buy it is recorded as a short sale. It is not a true short and is often covered within seconds of the intial sale, but it has to be reported as a short.
Yes, it is possible to short penny stocks, however the margin requirements to short a stock trading at $.002 are so astronimically high that it's not a viable strategy. Tim Sykes and those guys who promote shorting of penny stocks are actually talking about stocks trading between $.25 and $5.00.
That data is meaningless. Do a google search about it and you'll find out why. Only the biweekly numbers are accurate.
Well, the last few times the PPS has moved up strongly once the dilution was over, hopefully for investors that is true again this time.
Meh, those are likely form T trades executed during the day but not reported in time. I believe there is significant dilution occurring right now, and I also agree that a reverse split is inevitable at some point, but to point to the recent action as proof of an impending RS is fear mongering.
There are no shorts to speak of in this or any other pinksheet stock.
I don't know. My guess is the company knows that right now is the best time to dilute as there will be more support than usual due to people looking to buy before the FDA meeting, but that's pure speculation obviously. Is the TA still gagged?
This type of volume with no upward movement in price screams dilution to me, the question is where it goes once the company shuts off the spigot. I think the last few times we've seen big jumps in volumes the price has moved up when the volumes returned to normal, but I'd have to go back and look at the chart.
Well, I don't think that the current share structure will support that, but a big jump would definitely happen if they received approval.
Wow, 50 million shares today?
It's been proven by the CEO PRing the fact that they had a ton of old inventory sitting in a warehouse that they were forced to liquidate at a thrift store and/or give away to charity.
Nope, but I travel to and from Austin to Dallas on a regular basis and stop at CEFCO locations often. They used to carry the products in all of their stores, and now I've only found one that carries a few cans of the sugar free version.
Here's a picture from August of 2012"
Here's a picture from last week:
CEFCO, a Texas based chain of convenience stores, is dropping Koma from their coolers since there is not demand. There's no reason to believe the product will be any more successful in DFW.
If they ever do show up in any of those locations it will be on a trial basis, just like Walmart. When they don't sell they will be discontinued, just like Walmart. Nobody wants these drinks.
Of course it does. They've resorted to giving product away to charities and thrift stores because there's no actual demand. There's a reason BW will never let an independent auditor touch the BBDA books and that's because the revenue numbers are BS.
The CEO has issued shares in excess of the AS in the past and there's no reason to believe he wouldn't do it again. If he wants people to believe the dilution has stopped then all he has to do is ungag the TA.
There's no debt because no lender in their right mind would lend this share dilution scam any money. If you ever see them bring on any debt it will be an extension of the death spiral of dilution this company is already caught in.
Just shifting displays from one Walmart to the next.
HA! There's the proof right there! Between December 31 and January 15 the short interest went up 1.69 million percent!!!! Don't look at the actual number of shares, look at the statistics!!!
<Cue somebody posting the totally meaningless daily short volumes>
3 PRs this week and an investor update and the PPS can't hold $.003? Let me guess, it's the shorts right?
Who is going to be putting all of this pressure on government officials? Honestly, outside of shareholders PEMF simply isn't very well known. I'd hazard to guess that most of the people on this board had never heard of it prior to reading about BIEL on another stock board.
I agree that PEMF should be available if it is both effective and safe (I don't have an opinion on this having never used it), but I simply don't see a huge swell of community outrage at not being able to get it over the counter.
Deja Vu? I wonder if they'll be put on the shelves right next to Guppy Water and Potencia in thousands of stores.
http://finance.boston.com/boston/news/read/8681803/bebida_beverage_company_satiates_the_big_apple_with_potencia_distribution
I don't need an answer from him to comment on his actions. If I were running a public company and my actions had resulted in my investors losing thousands, or perhaps even millions, of dollars then I would find it to be my own responsibility to give an explanation. Otherwise I would expect to be brought to task for it and/or removed from my position. Seeing as how the CEO has ensured that investors in this company have no voting rights or any other method by which to hold him accountable for his actions that isn't really an option.
One accusation that he is most definitely aware of is the one dealing with dilution. That's very easy for him to answer by simply ungagging the TA. Why won't he do that?
This is not a court of law. Mark Mcgwire was never tested positive for steroids either. Did anybody actually believe he was clean before he finally admitted it in 2010? There's plenty of circumstantial evidence available to prove that BW has at a minimum been disengenuous in his previous actions as CEO. If people choose to ignore that evidence then they do so at their own peril.
Most of those people you're talking about experienced BW's side first hand. Anyways, you've made your decision and you'll find out which side is correct in due time.
That's because in your crusade to convince yourself this is a legitimate company you are choosing to evaluate the information in a way that will allow you to come to your foregone conclusion.
Every hunk of junk pinksheet scam has a slew of people hoping to hit the jackpot, or at a minimum trying to sucker somebody else into buying their shares before they're worthless.
If he had targeted the OTCBB or OTCQX in his investor update then it might have been somewhat believable (unlikely, but at least in the realm of possiblity), but he didn't. He specifically mentioned moving up to the NYSE and, IMO, he did it specifically to divert attention away from the fact that he was conducted what ammounts to a reverse split on existing shareholders.
Again, I understand it's not technically a reverse split since it's a new company, but I believe the results will be the same for people that hold onto BBDA throughout the process. He's decided he milked all he can from the BBDA shell and is moving onto something else to start it over again. His buddies Hochstedler and Carnes approve I'm sure.
I don't know, I don't work for the FDA. I'm just stating the current situation.
There usually are runs prior to any FDA meeting that could impact BIEL. There are no guaranties though.
The studies BIEL has conducted to date wouldn't cut the mustard in a PMA application. Maybe some of the new studies they've announced:
http://finance.yahoo.com/news/bioelectronics-expands-clinical-research-140000780.html
will be more scientifically rigid, but I haven't heard much on the studies they announced last year either.
They are, of course, hoping that they won't be forced to go the PMA route, but that seems to be the direction the FDA is leaning. There still is the question on whether or not they will be successful in getting it moved into another category altogether, but the FDA doesn't seem to be in a rush to consider that request.
Yup, yesterday more investors were aware of the B&N PR than they were the investor update. Funny that good news is sent out via official channels while what is effectively a reverse split is only updated on the web site. Once the news of the death of BBDA becomes more widely known it's going to be a wild ride.