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Simpson,
Thanks again for taking the time to answer those, granted, not being in a business environment, haha. While I have no business acument whatsoever, I understand that there is exponentially more to it and, unless you're behind the scenes, DD can only get you so far.
I do take comfort in knowing that there are people within the company who realize what's going on and that it's not good. One can only hope that the change of command ceremony happens sooner vice later.
Simpson,
I genuinely appreciate the information you've been giving us over the last five plus years. You, seven-up, and Steve, frankly, are the three main people that I can rely on for an objective view on this whole mess.
If you wouldn't mind, my two questions for you are as follows:
1) Are there people inside the company who internalize that AW is leading us down the path of destruction and want to rectify his numerous transgressions before it's too late?
2) In your opinion, what is it going to take for a change of management? You've mentioned that he's tossed the idea around, but it seems to me like he's "contemplating the idea" solely for the visual effect.
I don't mind Paul. He seems to be a decent guy. I also empathize with him considering all he can do is advise and recommend management. For all we know, the clowns running this circus ignore him and keep him on payroll to make it look like they care.
I caved and emailed Paul. Take it FWIW...
Hi Paul,
I trust you are well. I have a few questions regarding Mr. Whalen's comments:
What were the parameters of the test with CVS? If our product did well during said test, what were the results? If everything ran well, can we anticipate a joint advertising venture? What actual expectations can we expect from these meetings with "the largest retailer in the US" for the third week of June?
We were initially told of good things to come when pps was $.005 and now we're back to where we were prior to all of that. I'm really concerned about Mr. Whalen's final remark about being more communicative in the future. What's more concerning is that the positive trajectory we were seeing last February has all but evaporated. We, investors, have been clinging to blind faith and have seemingly been played by the company as a whole. Whether that's right or wrong, that's the perception that I am feeling. I earnestly believe in the product, but unfortunately, I have zero faith in company management or their goals.
I appreciate your time and consideration. I trust you have a good Memorial Day Weekend. Thank you.
The disparity is probably TDAmeritrade's way of eliminating the shorts somewhat? I'm not sure.
Personally, I'm going to wait until after all the shorts are done around 10 Central... Then see where we're at and go from there. I don't want to put all of my eggs into one basket, but the room for growth here is exponential.
My issue with all of it is the fact that financials aren't updated-- there's no way that this kind of momentum can last with that glaring detail missing. Faith in any stock can only take you so far. We'll see, I guess.
Would love to see .02, but part of me is concerned that we'll have a bit of a regression from today's success. Granted, two days of very positive trajectory gives reason for hope.
I fully endorse what Jay said.
It's frighteningly noticeable after a while; it might scare you off.
Gear up for all the recycled excuses, my friend!
"We weren't expecting great Q2 numbers."
"Next quarter is ours."
"I blame the FDA for not approving our stuff in a timeline that I so publicly and confidently predicted."
"If you tilt your head to the left, squint one eye, and turn on Barry Manilow, our numbers weren't that bad!"
I emailed PK directly and got a reply from PK and AW. I didn't even address AW in the first email, so I'm not sure what to tell you?
So then why would AW tell me that he anticipates a response from the FDA in three months after this most recent filing? If it was expedited like I asked him, wouldn't he have indicated a time less than 3 months?
You are correct, no one knows. I do know that I'm going to trust a direct response from AW a little more than mere speculation... if it's sooner? Fantastic. If not? Oh well.
510k is not going to be announced this week. Please refer to #145815 as I have already answered that by directly asking Paul Knopick and AW themselves.
I'm not going to speculate one way or another on why it will take three months. It very well may be three months until the FDA gives them final blessing. I don't know... All I know is, I'm just a bitter, impatient stockholder who asks questions to people who can give me answers.
I will say, given how much is currently going on in the company, I think it is safe to assume that they aren't going to idly sit and wait for approval.
... Or email PR directly.
I'll answer his questions for you:
1) No.
2) 3 Months.
See: #145815
Five years of in the weeds. Believe me, I know.
So, I'm brand new to this company (literally, as of yesterday), so forgive me if this question has been posed before... But can anyone explain to me how/why Darren Lopez is the President, Secretary, Treasurer, and Director? Conventional wisdom would dictate that is a tad bit odd, no? Any help you could provide would be appreciated.
Thank you for clarifying. That makes more sense. The verbiage confused me and I interpreted it as "We got more feedback and we have to redo what we've already done." I apologize for jumping off the deep end.
Forgive me for sounding naïve, but that makes sense, how?
We'll see, I guess. You, sir, are a lot more diplomatic than I and I respect you for it. Take it easy.
So then the question begs asking: Why or what prompted the postponement?
I love the ambiguity and the continued reasons for prolonged optimism that never equate to more than a flash in the pan.
We all were gearing up for this and now what? Is there a reschedule date? Does this company have any kind of plan forward? But Q2 results will bring the hope, optimism, and tangible proof that the right people are in charge, right?!?! Lol
Keep kicking this can down the road, I guess.
I agree in part; Yes to the already should be at .01-.04 (but alas, for some mythical reason we aren't even close at this point). No to the bottomed out part. This thing is too volatile at this point to say where or when it finishes bottoming out.
None of us can even remotely guess how this company is going to do at this point if/when 1Q ever comes out or when this FDA full clearance is going to occur. Knowing the historical trends, it'll peak and then come crashing back down...
I love watching the same people who predicted .01 or really close to by the end of May are either silent or panicking.
My confidence in this company and in this board is waning. Quickly. Everything that has been said would happen, hasn't happened. Where are your rocket comparisons now?
I'm half tempted to sell out now and then maybe... maybe buy back into when we go below .0009 again. I haven't seen anything yet that would indicate that is not going to happen.
Definitely need some good news soon. To your point, we've seen this trend before.
There are some comments missing. The irony isn't lost on me.
I just wanted more reasoning. Not like I'm asking for a Maserati.
We didn't have a single loss for two weeks because of that slow and steady trajectory. It isn't coincidental that Wednesday happened after we had two days of disproportional growth. It was your typical rubberband effect. Now that the rubberband has reset itself, we can go back to that .0001 to .0004 growth that got us past .002 and .003 in the first place. But, again, we can't get too excited... which, I know we all know, is a helluva lot easier said than done.
It's an incessant recycling of the same information. You get used to it after a while...
How about a realistic approach that doesn't sound like a get-rich quick scheme sprinkled with a hint of used car salesman?
Slow, steady climb. What's another six months to a year if many of us have been waiting for half a decade or more?
See DewmBoom's second most recent post... 132935 I believe
Something to consider--
Over the last eight years, there have been five instances where trading volume has been greater than 150 million for at least three consecutive days:
20Feb-03Mar 14 from $.0005 to $.0062/share
09-15Oct15 from $.002 to .0009/share
03Feb-02Mar17 from .0005 to .0012/share
04-08Jan18 from .0009 to .0008/share
Thursday through today from .002 to .0034/share
https://www.nasdaq.com/symbol/biel/historical
I bring this up because we are in unchartered territory here and the numbers prove it. In 2014 when the stock went up 12 fold, the product didn't have FDA approval. Three of those five have come within the last year. Those three have also coincided with some kind of news that was of value. The 20Feb14 jump coincided with the FDA reclassification of the Actipatch to a Class II. The money will come from the general clearance and numbers for the end of the quarter.
That being said, I do not buy the importance of sales or news or anything that comes from the UK, specifically B.Braun or NHS (see Bielcorp news from 14Jan15 and 26Nov14). If that were the case, it wouldn't have taken 3.5 years to get any kind of progress made and then the question becomes if the company was focused on UK with little to gain, where was the effort on the US front? That doesn't even include all of the news coming from Eastern Europe and Asia. The money will be made off of the USFDA and actual, tangible progress here in the US, not from our friends across the pond. Now if BIEL opens in the London Stock Exchange? Then, I'll take serious notice. Granted, we are only 30 days into NHS, so I could be completely wrong. We'll see when figures come out for Q2.
That gives me hope that he, personally, is ensuring that the company is seeking to improve investor and public relations.
Yesterday, I got my Actipatch in the mail. Now I realize, a 26 year old shouldn't have a necessity to get one, but considering I had reconstructive knee surgery (ACL/two menical tears/cartilage defect on femur) last summer and I'm one of those "kid" investors ssmmss tried to call out yesterday because I can only, responsibly, afford to buy 50-100k shares at a time, I felt compelled to buy one and see if I'm wasting my money or not.
I wore it throughout the night (yesterday midday since I'm working night shift) and honestly, after one night of being on my feet, actually working, my knee felt more relaxed than it has in over a year and a half. Since the surgery, it was near common place for me to get a random buckling and/or tightness throughout the day-- haven't experienced a lick of it 17 hours into the day. We'll see how my knee feels in the coming days since I have a lot of spring cleaning to do (Gotta love honeydo's).
It doesn't change my belief in the product or its potential (Then again, I wouldn't be investing in it if the product was complete garbage). If anything, it is legitimizing my frustration in the FO while simultaneously keeping me at least marginally optimistic in the fact that it can't go anywhere but up at this point.
Biel is up 100% literally means nothing given that is at .0012.
Most would like to see a stock worth at least half of a penny, too, but that must be too much to ask.
Don't worry, I've got enough for right now, thanks!
I was really trying to go for style points, haha.
I really want to be optimistic, honest. But, to continue to beat this dead horse, it's getting old seeing all of these rocket comparisons.
ICYMI: Rockets go up. Not up, down, up, down, flat line, down, up... unless you're Russian or part of a Chinese space station.
Lolol
If Whelan actually comes through within the next five years, I'll send him a personalized thank you scroll, complete with paid horse drawn carriage/courier. It shall be read aloud by a man wearing a wig and said scroll will be gold plated papyrus where each I dot is a diamond.
But until then, I'm going to keep doing what I've been for the last five years: Just kill time.
So I guess five years of patience is meaningless? How many more years are we going to deal with "the time is now?"
Bioelectronics Corp is like that new, shiny Ferarri. AW is that sixteen year old who has never driven a stick shift, who is about to take said Ferarri out for a spin. He will either wreck it or stall it out halfway down the street... If he can even get it out of the driveway.
It sure would be nice to have a competent CEO and Co. I also would love to hear AW and Co. refute your claim.
I think 2019 is a little too optimistic. Maybe 2025? :D
Absolutely. I jumped on board in 2013 and to say that it's more optimistic now than it was then is a gross understatement. I think a large part of it s is that I'm not as patient like I ought to be, haha.