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I wouldn't go around advertising this fact as it's a clear violation of FDA regulations to ship non-FDA OTC approved medical devices to the U.S. without a prescription. BIEL has already been warned about this once and a second infraction would likely result in corrective action.
That's because their primary goal is to sell shares, not product. Always has been and always will be.
Of course the stock price doesn't matter to him, at least in the long term. Short-term he wants to keep it up so he and his buddies can dump as many shares as possible on unsuspecting "investors". However, if the price keeps dropping he just keeps printing shares until the inevitable reverse split and then the cycle starts anew.
Big dump coming today. Watch for falling prices!!!
Anytime a company buys a banner ad to advertise a conference call you know you're about to get the shaft.
I've seen a lot of MDHI advertising lately!!!! Oh, you meant the product, not the stock. My mistake.
The following quote should probably be moved to the top of your disclaimer as opposed to the bottom:
The paid dilution campaign is in full swing but doesn't seem to be having much of an impact on the PPS. Go figure.
There are so many of these devices on the market that have the same or better functionality. MDHI managment knows that any 1st mover advantage they might have had has long since disappeared and are now doing whatever they can to funnel money from "investors" before they shut the thing down, IMO.
Heck, Walmart even carries a system which is wireless, allows for two-way communication, and includes GPS for online and emergency tracking.
http://www.walmart.com/ip/GreatCall-5Star-Responder-Wireless-Personal-Security-Device/17771066
LOL. Ouch...I don't consider either of those to be true about myself, although there is certainly value in the stock if the FDA approves it for OTC sales. BIEL has simply become a curiosity to me and since I've been checking in on it since summer of 2009 I would feel like a quitter if I didn't see how things turned out. Happy Holidays!
I'll believe that when they provide proof of such ownership. I think they've sold most or all of what they held.
Generally BIEL has seen a run prior to an expected FDA event. No guaranties of course, but it seems like a pre-April meeting run would be likely, with a standard sell-on-the-news drop the day of the meeting. The direction the price moves after that will be dependent on the results of the meeting obviously.
Sure, just like Motorbooster was going to result in a huge influx of revenue. It doesn't matter where the products are sold if nobody wants them.
FDA meeting on the proposed rulemaking.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=82093288
Well, best case Imrich can claim his loss on his taxes and buy back prior to the April decision and make some of his money back...lol. There should be a run up prior to the announcement of the actual results either way.
Yes, myself obviously. Just like when I post on a message board of a sports team I follow or anything other conversation in which I participate. I'm not "coming clean", I've stated this on multiple occassions.
Lol. I've been up front about my feelings the entire time. I don't hate or like anything about this company, I just find it interesting. I have never hidden the fact that I think managment has done shady things to try and make the company look better. Anyways, doesn't really matter if anybody trusts me or not as I don't expect or desire for anybody to make a decision based on my posts. I'm simply here for entertainment purposes.
I think an impartial observer has a better chance of an objective opinion then someone who will benefit financially from pushing a specific agenda. GL.
Since when did realistic discussion of their financial condition and results become "scaring people out of their personal choice to invest in a risky penny stock?" If the discussions on this board are too scary for you then feel free to not participate. The rest of us will try to have a civilized and reasonable discussion on the company's current condition.
I don't think the Allay campaign was all that successful to begin with. FDA or bust.
BK or reverse split is a very real possibility if the FDA doesn't approve soon. They simply aren't going to be able to raise enough money at current pps to continue paying their bills. Either way is good for the Whelan family as all the debt they own is protected by beneficial conversion features and all of the assets of the company, including patents, are pledged to Andy's daughter as security for loans. So, if they did go BK all of the patents would go to her.
If you look at the financials realistically you'll see that they're on about the same revenue pace as last year. 2011s revenue was pumped up on the (IMO fake) sale of animal patches to Andy's sister.
If it wasn't clear up until now that this is purely an FDA play it should be now.
Your opinions are noted, but don't make mine any less valid. Giving hundreds of millions of shares to a family member while simultaneously having a stock promoter pump up the share price is definitely worth an SEC look, IMO. And if she was selling those shares at those high prices I would guess they would find fault with that. If you go back and look at the volumes traded back then I see no reason to believe she wasn't selling.
No, the conversion was done at $.0012 per share, even lower than today's price. And that was when the stock was trading between $.05-$.10. There was no reasonable justification for that conversion price at that time, IMO.
The IBEX dilution at over a 90% discount to market price? Yes. The Joe Noel and Mary Whelan buy and hold deals to inflate year end revenue numbers? Yes.
The "Buy and Hold" transactions and the IBEX dilution of 2009 straddle the line of fraud IMO, but that's for the SEC to decide, not me, and to-date they have not taken action against BIEL.
Didn't take any time or effort. I found all of this years ago, when I was trading the stock. It's not going to scare anybody off, I just find it interesting.
LOL. This is all stuff I researched back in 2009.
LOL. Any time a penny stock pulls the China card you know you're about to take a bath.
That's because AW is qualified to do anything himself. He ran a chain of themed children's restaurants into the ground:
http://caselaw.lp.findlaw.com/scripts/getcase.pl?navby=search&case=/data2/circs/DC/937138a.html
And then moved on to run another medical-related penny stock company into trouble with the SEC.
TAKE HEART!!! Quarterly financials are due in a couple of days and I'm sure they will show AMAZING sales due to the Costco mailers. Oh...wait...this company doesn't feel it's necessary to file financial statements. Obviously it's because they DON'T want people to see the wonderful progress they've made over the last 2 years right?
Well, my explanation is a little less complex. I think AW is full of crap and lied about the sincerity of the buyout offer. I seriously doubt they got anywhere close to a real deal and once they got to the DD process it would have been recinded due to the ridiculous conversion rates of the outstanding debt.
This was his quote by the way...so it could have been an offer from another penny stock company for all we know. There is no evidence that "big pharma" has shown any interest in the company.
Simply looks like this is the group that reviews all appeals, not necessarily "shady decision making." From their site:
You probably increased sales last week by 100%!!! Congrats!!!!!!!
A tradeshow is a tradeshow. Is it good for networking? Sure, but they are almost never "hugely significant". BIEL does need to have a presence at these events though.
Edit: misread the PR, but I find the 200 MMR per month number to be questionable at best. Let's see some financial statements to back that up. Profitability? Right...
Well, there's only one reason companies gag TAs, IMO. I think it's obvious.
Didn't they gag the TA? Or was that lifted?
Well, in any case I don't think it will hurt their chances.
LOL. I saw that too. Which one of you submitted comments as both Scott Schiel and David Sheon? I'm sure it was someone from this board. Next time make sure you don't paste the same message word for word when you're trying to pretend to be multiple concerned citizens.
Edit: Nevermind, I just re-read the email that BIEL sent out to shareholders and it looks like a lot of the comments were copied/pasted from that email, so that explains the similiarities. I think sincere, individually written letters would have a better chance of making an impact though as it's painfully obvious that the current comments were spoonfed to consumers by the company.
Does anybody else think it's a bit silly for a member of the board of the directors of the company to submit comments to that company's application? Shouldn't those argument have been expressed in BIEL's filing?
Regardless, if you read the other filings you'll see some of the issues the FDA are facing. Each one seems to point to a seperate mechanism of action for why PEMF work. The Regenesis letter argues the exact opposite of what BIEL is trying to argue in regards to heat being the cause for the therapeutic benefit. I know it's fun to bash the government, and the FDA in particular (I'm conservative so I do it all the time), but this really is a more complex issues than the one-sided arguments on this board often make it out to be.