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Nice run here guys, congrats. In regards to OTC:BB, BIEL would need to re-register their securities with the SEC and start producing audited financials again. The reason they cited for de-listing in the first place was the cost of the audit and I don't see any difference today as compared to when they de-listed. If they start seeing meaningful revenue from overseas then I would hope that would be very high on their list of priorities.
This is a gamble, not an investment. Just like Vegas, the house holds all the cards here and you have no idea what's going on behind the scenes.
Lol. That's funny, regardless of your take on this company. Thanks for the laugh.
The CEO can't even figure out that a Balance Sheet is supposed to BALANCE. This is a gray market stock posing as a pinksheet, which is pretty amazing.
Time will tell.
Spongetech's products were available at Walgreens. Just because a company has a product doesn't prove it isn't a scam.
I'm not a mod, so how should I know?
The fact that the CEO is posting about buying/selling shares at all is a big fat red flag.
Profitable...hahahaha...sorry, that's just plain funny.
Your point? Obviously it's my opinion.
Do some searches for Brian Weber and Nascar. You'll find that at various times in the past he's been a failed driver, a failed owner, and now a wannabe big sponsor. This company is simply a way for him to continue his involvement in racing while using other people's money, simple as that.
Honestly,they could easily combine these distibution announcements into one PR instead of issuing separate PRs for each new distributor. Having been around pinksheets for some time now it's usually not a good thing for longs when they start rapid firing PRs.
Honestly I've been travelling since last week and didn't even know the price had surged until this morning. I have no idea what the cause might be.
Let's face it they've been rapid-firing PRs the last couple of weeks so there was bound to be a reaction at some point. The question, as always, is will it last?
The products have been available in Italy for some time. Back in 2007-2009 TSS Medical was supposedly selling them like hotcakes.
http://www.biospace.com/News/bioelectronics-corporation-announces-expansion-of/79110
http://www.businesswire.com/news/home/20081028005390/en/BioElectronics-Announces-Italian-Over-the-Counter-Approval-Ministry-Health
http://www.reuters.com/article/2008/05/22/idUS189491+22-May-2008+PRN20080522
Italy was supposed to be a very promising market back then. Maybe it will be more successful this time around.
The paid promo guys are here. Hold on tight fellas.
Meh, he received millions of shares in 2011.
http://www.otcmarkets.com/financialReportViewer?symbol=BIEL&id=76964
He likely recieved millions more in 2012, but BIEL stopped listing the names in their recent financial filings. Maybe they'll be included in the annual filing, but I doubt it. SJ has been involved with BIEL at least since 2009 and I don't see his involvement having been beneficial to the company to date.
Also interesting to note that the event was co-chaired by Simi (Simon) Jacobson. You'll find his name listed in BIEL's financial statements as having received shares in exchange for IR services in the past.
http://www.collive.com/show_news.rtx?id=24374&alias=companies-honor-hopkins-chabad
It looks like the paid promotional campaign is in full swing now.
There is no max AS. The CEO can and will unilaterally raise the AS without any notice to or consent from shareholders.
Medipendant on clearance? Looks like Costco is trying to clear out stock before discontinuing the product.
http://www.costco.com/MediPendant%E2%84%A2-Medical-Alarm-System.product.11748169.html
When nobody is buying your product they have nothing to complain about.
It could potentially be embarassing if this technology was a hot subject in the medical community and millions of non-Americans were singing the praises of PEMF's healing and pain-relieving effectiveness. Alas, this is not the case and very few people (relatively) even know it exists, let alone have used it. Most of the people on this board had probably never heard of it until they stumbled across BIEL as a trading opportunity.
Once again it all goes back to the CEO living out his failed NASCAR dreams at the expense of common shareholders.
I'm sure Boot's had more money to pay for the licensing fee to market the award. These awards are all about money afterall. It doesn't matter. Even if they had won it it's still FDA or bust for BIEL, IMO.
I'll believe it when I see it show up in a set of audited financials. More than likely it's a fake chinese company who specializes in assisting with pump and dump campaigns.
Meh, I wouldn't worry too much about dilution from this supposed "investment". MDHI will never see a dime of that money because the deal was made up for the purpose of pumping the stock. There will be some excuse made up about lack of due diligence or some such nonsense, but either way no money or shares will ever change hands between MDHI and this Chinese front.
Yeah, that's what I meant. Sorry if it wasn't clear.
I don't know about your last question, but BIEL was not looking for Class III approval, which is what they could have gotten using Actiband as a predicate, they were looking for Class II, OTC approval so their previous approval could not be used as a predicate.
They did, however, file a subsequent 510k for Class III approval for general muskuloskeletal pain relief which I would assume named Actiband as a precate, but that request was denied as well. Why? That impossible to say unless BIEL releases a copy of the rejection letter they received from the FDA.
Chinese company + pinksheet = obvious scam. This thing is going to get very ugly very quickly. People associated with this company have used the Chinese investment card before with predictable results.
You mean like when Joe Noel was commenting on various PMS related blogs as "Jane Noel" and describing his experiences with the Allay patch?
http://www.topix.com/forum/health/womens-health/TMMERAO8MDCOVKL1A
http://www.wellness.com/forum/forum_posts.asp?TID=911&PN=2&TPN=2
Meh, I'd wager it's mostly market maker churn and technical/momentum traders. $250K is not very much money at all when spread out over a few dozen or hundreds of traders. Time will tell of course.
Anyway, I don't think we're really disagreeing on anything. I don't think BIEL is a "scam", but I do think they have done some questionable things over the last few years. If they get this product approved and find a market for it then it will all pay off.
It's a gamble, just like 99% of the other pinksheets out there. I've never said it was a scam, however some of the events that transpired in 2009-2010 bordered on fraudulent IMO. Especially the "bill-and-hold" transactions used to overstate the company's sales in 2009 and the debt conversion that took place during that same time period without any notice to shareholders.
I think AW has made an effort to bring the product to market. I also think he's completely unqualified to run this type of company and the results have been somewhat predictable. I also think that as he has gotten older he has taken advantage of certain situations (such as 2009) to enrich his family at the expense of common shareholders. Was it legal? Probably. Ethical? Debatable, IMO.
Day traders and other penny stock gamblers. Nobody with inside knowledge or some plan to amass a huge position IMO. There are tons of penny stocks out there with as many or more shares issued and somebody owns all of those as well.
I definitely believe that Andy's daughter sold most if not all of the hundreds of millions of shares she received back in 2009. I seriously doubt they ever shorted the stock.
The Whelans have. :)
With an OS of 2.8 billion the current market cap (assuming a pps of $.0015) is $4.2 million. If you consider the fully diluted share amount (after all debt/options/warrants are converted) you are looking at the OS, and therefore the market cap, more than doubling. So, you could argue that the current PPS already factors in some amount of "hype and promises". If it were set based solely on fundamentals then the PPS would likely be significantly lower than where it is today.
Andy loves it when shareholders, who have every right to be concerned about their investment, question his decisions. He will undoubtedly give you a friendly and well-reasoned response.
Well, the good thing about this PR is I just learned a little about a country I never knew existed.
Double post.