Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Thanks! For some reason I was conflating DJ and KT.
2 of 3 partners?
I am assuming when people post this they are talking about DJ & Mundipharm.
Or is it DJ and Braun? Is the Braun deal still viable?
If someone could enlighten me and help the newbies ID the “2 out of 3 announced partners” that would be great.
Speculation is that the 3rd is Dr. Scholl’s, right?
What is interesting is the private equity company that bought Scholl’s is now calling it something like “The Dr Scholl’s Wellness Company” and their mission statement is to help foot issues and “movement.”
That’s smart because it piggy backs on the preventative Wellness trend. The name and their “movement” mission could suggest that a deep, deep (hopefully we’ll funded - dollars to BIEL) partnership or even a merger with Scholl’s could be plausible.
Would also dovetail with the random and highly unsubstantial rumor that BIEL was merging with a household name.
Of course, private equity is private, not public, so any merger would get complicated and might mean a buyout and taking us private which might mean we are all cashed out.
I kind of doubt that, BIEL has been flying by the seat of its pants for so long, I kind of doubt they would sell out while there’s seemingly so much more room for the SP to run.
Agree!
2/11/2021: BIEL LinkedIn post about reducing post surgery narcotic use.
2/11/2021 : KW LinkedIn post linking DJ products page
2/8/2021: Paul LinkedIn post about reducing narcotic use and linking
1/19/2021 PR about revenue and forgoing interest
1/29/2021: KN Tweet about new Italy/Romania partners
Can anyone add Kelly’s tweet/comment about stocking in CVS, Walgreen, and Walmart? I think it was a comment to one of KN’s tweets.
PR Watch: No tweets from Keith since 1/29/21.
Can anyone else find a more recent communication from the company? There was a LinkedIn post from Paul and I believe Kelly sent a link to DJ’s website.
I’ll take anything. It’s a commercial break/dealer change at the poker table/injury time out with no trading today, so I’m just trying to kill some time and read the tea leaves.
I only point out that these are real people with a real product, office, and supply chain to say that this isn’t the Wolf of Wall Street or Shanghai style penny stock where the home office address is an abandoned garage.
Back in the early cannabis craze I got out some sketchy stocks where people out in CA would do hands on DD and share pictures of semi abandoned buildings that there the supposed offices of some of these cannabis-related companies purporting to sell hydro grow equipment or lights or some other nonsense.
Yeah, if I recall, Joel Noel was someone who was retained back in 2009 to promote the stock and he may have misled investors and/or the company. My hazy memory is he implied FDA clearance was imminent, when it ended up taking another 5-6 years.
I don’t recall all the details, but he ended up getting I trouble with the SEC for “work” he did with a different penny stock:
https://www.sec.gov/litigation/litreleases/2015/lr23208.htm
Contrast him with Paul Kopnick who I’ve been able to just call up and talk to on my drive to work in the past.
Cool thing about BIEL, you can actually just reach out and direct message, email, and even try calling their management.
I’ve found that with other solid micro cap companies, they are happy to communicate with you. Try that with Google where you can’t even get a human on the line.
It’ll be like saying “I spoke with Mark Cuban, Steve Jobs, Tim Cook, Elon back in the day.”
Agree, I remember back in the SEC and Supreme Court decision days.
Newbies don’t realize that we went all the way to the Supreme Court and back!
Love the DD JGD! No hard feelings
I forget whether they know each other or not.
I do know that one of the longtime posters here knows Orel from way back, I forget who it was ...
He’s been connected to the company for a while and once was rumored to be a potential athlete sponsor, this does t come out of no where.
Plus KN played pro ball.
This is a sports medicine device
I never said that he would short BIEL, it’s not possible here.
But yes, he does short stocks and teachers others how to do it:
https://claytrader.com/blog/i-love-shorting-stocks-do-you/
He’s out to make a buck, fine. He is a trader, I am a long investor.
In my personal experience, I have seen him show up on iHub boards in several other stocks, after an appearance, the stock always drops.
Am I spreading a myth? No. He sells his videos and his trading methods and his students follow him around, that’s a perfectly fair interpretation of what is going on.
Is it proper? Not for me to determine, I’m sure others have sent concerns to regulators.
He won’t be damaging BIEL, if anything I was trying to reassure people BIEL would be fine.
Company management has said many times they would never do a reverse split before the company is profitable.
Some thoughts on share structure as an investor since 2009:
1) There have been proposals from note holders with equity conversion options (explained on this board) that would result in a reduction of authorized shares - in addition to buyback.
It may involve some sacrifice by the note holders, but before you say that will never happen, the Whelans (family who started the company) have lent millions over the years to keep BIEL afloat (in addition to printing shares out of necessity without FDA approvals and profits) have agreed to forgoe $750k in interest due on loans at the end of 2020 through the end of 2021.
People are involved that are willing to put the company and its life saving product ahead of their own pockets!
2) Company may not have had the substantial cash needed for a share buyback in the past, but their situation is rapidly changing with new partners and infusions of cash from orders and potentially partner distribution agreements. I would not rule out a share buy back in the future.
3) The share structure is only a perception issue for new investors and stuffy big banks and hedge funds, they can stay away as far as I am concerned. Traditional financial advisers/brokers told me to sell my position years ago and they were wrong.
As DewmB. has explained, market cap is what matters, it’s all relative. If enough new money flows in from people who see the opportunity here and aren’t constrained by old fashioned thinking, then share structure won’t matter, it may even help by allowing more liquidity and keeping some big guns out.
4) There’s enough time to worry about share structure later, right now it’s getting the word out about the company and the product and seeing how fast it is adopted by the company. Some solid PRs and a good marketing campaign could result in many new investors taking a look at it.
If the majority are scared off by the share structure, so be it, we don’t need everyone to buy in. Just a fraction of potential investors buying in is all we need.
Back in the day, there were only a couple hundred shareholders in this thing. Printing shares was a necessary evil.
We are in the fast lane now, and the billions of shares don’t bother me at all, they haven’t stopped the gains steadily growing in my account.
Great! We need more of that!
Could happen on Tuesday.
Agree, we had a historic run yesterday, it would be surprising not to see it start out with a slight dip today.
I love the products, I know they work from personal experience. I’ve given them to family, friends, and have gifted them to a couple or doctors as well.
Yeah, we are fine.
Last time he was here I want to say we dropped from .004 to .0035, but that was it. It stayed flat for 1-2 days then moved up.
I’m thinking this time drop (if any) would be shorter and smaller.
Maybe there’s no drop at all. I could be wrong, but I believe yesterday for a record day of $2 million plus coming in.
Can someone correct me on that?
Yup, my average cost per share is .00065.
I hear you man, people in my life really wanted me to sell this. Good thing I refused.
.007!
Look at it this way, for each weak hand that shakes out, we get an excited new investor who can share the good news with everyone they know!
Holding steady, my shares are locked well north of nickel.
So there’s 790 total followers on BIEL’s stock twit board with over 80 joining just today?
I might be wrong, but I think that’s a younger crowd so think those are distinct users, not likely overlapping with iHub people.
iHub is looking pretty clunky these days. Looks like Webcrims or something.
I moved here as a refugee fleeing the insanity on Yahoo Finance.
I saw someone on Reddit who visited the Yahoo finance board for BIEL and he said he couldn’t make heads or tails of it, he said everyone there seemed “deranged.”
This is going to hit .01 any day now. My guess is we are .01 by Monday’s close. Just a guess.
Buy products, give good ratings (after receiving your order and using it or gifting to someone who needs it), bookmark site, leave comments, etc.
Follow DJ and BIEL on LinkedIn.
There’s also a hashtag #painmanagment
which I saw on LinkedIn. Looks like BIEL posts on it/uses it?
I’m not going to pretend I know anything about hashtags, but I assume the Millennials know what it means and how to share it and take it from here.
ActiPatch-powered DJ products are on their website now. Came me through LinkedIn in a post by Kelly Whelan.
https://www.donjoyperformance.com/pain-management
There’s a knee wrap and a back wrap. I could definitely use the back wrap.
I agree, I don’t think it’s crazy to imagine a big player buying BIEL for $3-5bln.
Dr. Scholl’s?
[from Wikipedia]
Dr. Scholl's Brand
In 2009, Merck & Co purchased the Dr. Scholl's brand as part of its acquisition of Schering-Plough.[8] Under parent Merck & Co., Schering-Plough imports the product line from China and has a North American distribution agreement with the Brown Shoe Company.[citation needed] Bayer bought Dr. Scholl's in 2014 as part of its acquisition of Merck & Co's consumer health unit.[9][10] This acquisition gave them the rights to the business in North and South America.[6] In July 2019, Bayer sold Dr. Scholl's to Yellow Wood Partners for $585 million. Yellow Wood established a new company Scholl's Wellness Company to run the brand.[9]
References
They did what the had to do, I don’t blame them.
Tesla’s doing something sort of similar now, their car business isn’t profitable yet (and may never be). The only turn a profit by selling carbon credits.
Yes, so glad they did not R/S.
Agree, the reality is the company survived 11 years largely through printing shares.
But all that’s over, literal tons of product is getting shipped and all that goes to being cash flow positive in the near future
Yes, nothing like a GAP Up!
I’m just happy to see that the larger investment community is looking at BIEL again, it reminds me a little of 2009.
That’s funny, they got me. Hopefully there’s no malware on my phone now
More Reddit, it’s not listed in daily penny stock lists there:
https://www.reddit.com/user/pennystockguyz/comments/lgs5d7/hpmm_grab_your_shares_its_going_to_1_easy_watch/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
Word is out, found this on Wall Street Bets (before I started posting on Reddit ! )
https://www.reddit.com/r/WallStreetBeats/comments/l6zo6t/lets_blow_up_a_penny_stock/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
Yes, it will pass .005 I believe.
Agree it’s exciting, like a playoff game everyday when your teams playing great.
They are busy, don’t worry about it. SP is clearly doing fine without formal PRs (although we’ve already had one or two in 2021).