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Sorry for doubting you gman22 I hope approval comes soon.
I've seen some crazy stuff with pinks. Trust me on approval day the MMs will try their best to exploit this stock to get the highest gains.
$0.41 I won't be smiling I will be friggin breakdancing. I think so many people will jump on this thing the first day of approval we will hit 0.50 - 0.75 then settle back to .10 - .35. Just my opinion
Imagine what a super athlete could do for sales also. Im looking forward to the day we get "FDA has approved the Actipatch"
Im going to sue the FDA. I put in an FOIA request almost a month ago and I called to check on the status and they told me I had to call three different offices to check. WTH. I hope we get something soon. The Dr Oz show that with a little exposure we can sell these products.
Thanks. I hope this nightmare will be over soon.
Ok that's fair. I just never met a CEO that would openly say they were going to increase the O/S or there will be a R/S. They usally shy away from the question and give you some bs answer. Thanks for the post.
I believe this post like I believe the FDA will approve all products tommorrow. Nice try though.
Someone send andy an email asking if they had any contact with the FDA last week. I would but I already sent an email.
Understand that but we aignt going to even touch the resistance till we get news. I suggest you take a break from the daily watching as it will just make you angry. You can't sell at this point.
Dude why do you care if this ends in green? Ending in green means nothing without approval.
It's ridiculous because why would they short the stock just to dilute into the bottom. If anything they would pump it and then dilute. Thanks for the laugh though.
I dont know why they are diluting so much they only have like 8 employees.
I dont think so. This was when they annouced going to non reporting to save cash. The lowest this will go until we hear from the FDA will be .003x sorry.
Hang in there buddy I know you are down as well as most of us but I really belive this one will pay off in the end. This is a once in a life time opportunity.
Totally agree but you have to agree simple stating the same thing over and over if it's positive or negative can get annoying.
what I do find funny as it looks like in a few weeks they sold more product that they did all year LOL. When the FDA approves this guy we will see .25-50 easy IMO. Have the faith all.
LOL. Dude I never said it was you. Feeling guilty I see.
I agree UK I think if I sold now and the FDA approved this stock I would have to commit suicide ROTL. I think some on this board are bipolar. On minute they are praising the company and the next they are smashing them. I wish they make up mind
the first one was from two weeks ago and todays post was from week. looks like the fda is requesting info now.
From a buddy of mine on answers from Andy.
The FDA asked for a soft copy of our Excel worksheet with the demographic and drug usage information last week, which, we believe is indicative that they are actively working on our file.
We do intend to be fully reporting again but not until we can cost justify the legal and accounting expense. We have better uses of our money now.
We have infomercials, http://bielcorp.com/distributors-2/drtv/, and we will use them again as get onto the retail shelves. For each sale, you get on an infomercial 4 to 9 people will pick the product up at the store after having seen the infomercial.
someone posted this on yahoo.
Looking for reasons to NOT buy (other than risk). These are the reasons I am continuing to accumulate shares:
1) Great review on "Doctor Oz" three days ago, which led to $60k in sales in a day, more than the prior 4 months total.
2) Five pending FDA approvals- Actipatch or Allay will make this skyrocket upon approval.
3) #1 seller on Amazon since the Dr Oz show.
4) Good review on "The Doctors" a few months ago.
5) Insiders own a large chunk of shares. Float for the public may only be about 500 million shares.
6) Doctors have used PEMF in hospitals for decades to treat numerous ailments via huge machines. Bioelectronics owns the patents to the pocket sized disposable patches that have the same effect.
7) The FDA has already approved Recovery RX to be safe and effective after eye surgery. It's only a matter of time that we get the other approvals.
8) Word is just getting out about the stock and the products. Nobody knows about Biel except the shareholders (all 170 of them as of last week). Once the word gets out...
9) Biel in its infancy, like Apple in its garage stage
10) Products that relieve pain should sell better than IPOD's
11) Everyone that has tried the product raves about how great it is (check Amazon reviews)
12) 2009 Wall Street Journal Innovation award winner.
13) Dr. Scholls potential partnership
14) Once people become aware of Biel products, whether through improved Marketing, FDA approval or both, seems like selling 3 million of their products could happen "overnight". Using $33 as the average sale price generates $100 mil in fevs. Using the 10 multiplier for rev/market cap (standard for new, high growth company) yields $1 billion market cap. Dividing $1 billion by 2 billion authorized shares yields .50/share. Could easily sell 3 million products overnight with FDA approval or Dr Scholl's partnership or the commencement of sales in stores in UK and/or Canada.
XXX I have to say I never believe much of anything people say on these boards in most cases since everyone has their own agenda. I can say this is I have spoken with Andy on some of the issues that color has posted and color has been spot on. You can call or email Andy and he seems to be very open and a nice guy. Anyway thats my two cents.
I am 100% sure it is now the FDA. I put in a FOIA request and they sent me a letter stating that they will fill my request when they have time. LOL WTH
At this point I dont think there will be a rejection. For the last couple of weeks the FDA has been requesting information which proves they are currently working on the file.
OK that makes me feel so much better LOL
It's amazing how a POS like potg with 4.5 billion shares outstanding can be trading around 7-10 cents with a high of 1.24 and no verifiable income. Where we have a company with revenue and several verifiable products with the ability to do tens of millions in sales the first year of FDA approval and we can't maintain .01 - .05 cents. Hope the FDA comes through soon cause any date I had in mind are out of the window now.
Yes it's just a shame the FDA is slowly beating this company into the ground. A few weeks I wrote the FDA a request for all correspondences with biel for the last 3 years and the just sent me a letter which basically said we will respond when we name time ROTFL. They are slow. Atleast the wrote me back saying I am on the back burner LOL.
That's pretty much all Im looking for. I want to atleast make sure biel is being truthful about the FDA request over the past two years.
How is us saying he does own shares directly any different than you saying he does not! He is the CEO of course he does.
I've seen some crazy crap with a bigger float so anything is possible.
I agree gman22 I dont see everyone jumping ship since so many longs are probraby in around .08 and higher. Im got in around .009 so Im down but not too much.
Honestly with the shares the family own I dont see them doing a R/S anytime soon
Its kinda hard when they are the same person LOL
I agree with you but you never know what the market will decide the value. I think the first week we will peak at .50 and settle back to .30 until sales come in.
Once again you are WRONG. The FDA are close to a decision and will be soon (although not soon enough)
Yes imagine how the products will do if a company like JandJ picks them up
This was emailed to a friend of my from Andy regarding any communication during the week.
The FDA asked for the soft copy of an Excel worksheet Wednesday on our ActiPatch reclassification. We suspect that they are waiting to complete their analysis on all three files before they respond.
At least we know who are flipping those big blocks.
Ok if you say so. Go Biel