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"BUYERS BEWARE!!! Heavily diluted and dumps back into trips EVERY SINGLE TIME."
Exactly....demand is weak for this product. Remember, folks bragged about the top rating on Amazon and with Boots...however, the company still bled cash and constantly diluted the float.
BIEL never really a distribution problem...they had a demand problem. There just is not significant interest in these products.
"agree...looking forward to today's CC"
Today's conference call will be full of fluff. Management will claim there is significant interest in SchoolFuel and they will also claim things are on track....however, they will not commit to a launch date, because there is none.
Management will say everything that shareholders want to hear....but they will not provide an actual start date.
BIEL is down 10%....down 30% year to date...must be down due to all that buying ahead of the big FDA OTC approval....lots of accumulation must be going on, hence why its down big......LOL....
"$NWAV looking excellent"
Excellent? There is no product...no revenue...no product launch date...nothing. Such gains are only temporary.
"This might be approved this year in Dec. or in Jan. next year and the stock might be $1.25 easy. Biel might buy back most of the stock when everybody sells off at .30 - .50 "
Wrong. There is no buy back coming. BIEL must sell shares in order to meet their operating expenses. BIEL does not have enough money to pay bills, how will they get money for a stock buyback?
BIEL is of 20% today....reality is setting in...there is no FDA approval coming.
"How much PPS will be on approval, right after"
There is no approval coming, hence why the stock is trending lower. If approval was imminent, BIEL would not be selling off.
Remember, BIEL has received communication from the FDA explaining why approval was not granted. FDA guidelines stipulate written communication must occur at 100 days. This communication is not a FDA 'goal' or an 'objective'...this is an FDA requirement.
The stock is trending lower because as time goes on, it is increasingly apparent the OTC approval was not given and is not coming.
Just think...if FDA approval was coming, do you think the stock would be selling off?
"After my due diligence I think once the NWAV card is 'out there' the company immediately becomes a buyout candidate for one of the big players"
There is no card, no launch date....nothing. Your opinion is based on fantasy and not reality.
NWAV, ADCS, ServeNation....all scams by the same management.
I Wonder what the BIEL supports will say when there is no FDA approval by the end of the year?
Already, many people are realizing that FDA approval was denied...and BIEL has the rejection letter (the FDA is required to communicate reasons for a lack of approval at 100 days since the submission date)
"Have you seen the explosion in sales and the tremendous growth in stores?"
Growth? I see a widening loss...with all those 'sales' BIEL's net loss should be narrowing, but instead it is getting bigger.
"Apple 300 billion shares outstanding
Facebook 300 billion shares outstanding"
Sorry Sir, you are mistaken. Apple has 5.5 billion shares outstanding.
Facebook has 2.8 billion share outstanding. BIEL has more shares outstanding that Apple and Facebook combined!
Source:
http://www.nasdaq.com/symbol/aapl/stock-report
http://www.nasdaq.com/symbol/fb/stock-report
"This company will have a Market Cap of 150 Million minimum with FDA approval imo"
The FDA did not approve this product....the FDA is obligated to tell BIEL, at 100 days, the reasons for no approval. BIEL has all the information and reasons as to why approval was not given....BIEL knows the truth, they are just not telling shareholders.
"NWAV ready for a great week here IMO"
A great week? Why? There is no product...no revenue...nothing.
What will you say when there is no card at the end of the year?
"All you need do is wait for the results of Q1 "
Profit? From where? BIEL is supposedly a top seller on Amazon and with Boots...yet they still cannot make a profit.
"11 million Market Cap is Peanuts for a start up transitioning to a real and profitable company."
Profits? What profits? BIEL has been around for over a decade trying to sell the same junk.
Over the years, BIEL has announced many 'significant' distribution deals....and they have failed to make a profit. BIEL does not have a supply or distribution problem...they have a demand problem. There is not sufficient demand for their products.
"Well you will retract your words after Q2 2016 and start advising others to buy more...cheers
"
LOL...very funny...hey, what ever happened to Braun? It seems they disappeared without selling a singly product.
"They disclose any information, at the right time wetter good or bad.
"
BIEL has information. The FDA must provide a written update at 100 days after the submission......if the information was good, I am sure BIEL would have put out a PR....their continued silence indicates the information is bad.
"Many more details have come than most other ceos"
Details...what details? NWAV makes flashy headlines, but provides nothing. I am still waiting on the promised details about Praxell...again details were promised, but then Praxell seemingly disappeared.
"Little advise buy some shares real quick, last time we will tell you in a post Buy Biel"
LOL.....BIEL is off 99% from it's high. Buying BIEL has been a loosing trade for long term investors.
"You will never be happy
Mark will give you the moon
You ask for the sun"
No sir, I am just asking for what was promised. The launch date was promised.....details were promised on the 1000+ retailers, details were promised on the 4000+ retailers....it seems NWAV makes big announcements and promises details...but the details never come
"$NWAV SchoolFuel card confirms Apple and Android Pay capabilities! Thanks @FirstViewFN details to come
"
More BS....how about proving a launch date? Or providing details on those 1000+ retailers that jumped to 4000+ retailers in a week.
Interesting company update....and no mention of the FDA....I wonder why? Perhaps they already have the rejection letter.....
" Just because the 510K was submitted on 8/6/2015 doesn't mean it was placed on FDA schedule for review. "
Friend, regardless of when the review started. The FDA website clearly states they will communicate the status of the application at 100 days after the submission date. The FDA will provide written explanation as to to why a decision was not made.
BIEL knows the reason why a decision has yet to be made...they are just not telling anyone.
"and Andy and Richard have told you they are expecting en d of the year
Why don't you believe this was the FDA 100 day information they were given? "
The movement in the stock indicates positive news is not forthcoming. If there was a hint or glimmer of FDA OTC approval, in less than a month...the stock would be trending higher...instead, it is trending lower.
"Can you please provide proof???"
Look at the FDA website. The FDA's mandate and obligation is to issue a written reply/update at 100 days.
This is all the proof that is needed
"We must be waiting for an announcement,Trips again this is insane!"
No announcement is coming. The FDA did not approve BIEL's 510k for OTC clearance. The FDA has communicated this to BIEL along with an explanation.
There is selling because word is getting out the BIEL was not cleared.
"FDA coming. I am getting rich."
No sir/madam. BIEL was not granted FDA OTC approval, which is the main reason why the stock is selling off.
Remember, the FDA is obligated to inform BIEL, in writing, the reasons for not being granted approval at 100 days after the submission date.
BIEL knows the reasons for not being granted approval, they have written confirmation of the reasons for not being granted approval.....they are just not sharing this information.
Check the FDA website....the FDA must communicate with the submitter of the 510k at 100 days since the submission date. The FDA is obligated to provide written confirmation explaining why approval has not been granted. BIEL knows the truth.....while supporters chose to ignore this fact, the stock is selling off big time.
"READ THIS SIMPLE PR TO UNDERSTAND 2015-02-09 "
I read the PR....by all accounts, Braun should be listing BIEL products in their catalog.
Also, BIEL should be listing Braun in their list of distributors.
Neither is the case.....this PR is nice and fluffy...but did not amount to anything in reality. These two companies do not even acknowledge each other....very strange.
"Incorrect information posted. Why would Biel lie about anything, geez just made up BS about Biel in the post."
Please help me to understand. Since the Braun PR....what has happened?
Why are there no BIEL products in Braun's product catalog?
And why is there no mention of Braun on BIEL's list of distributors? I thought they were a big, exclusive UK distributor...surely, BIEL would include Braun in their list of distributors.
"Get a warm bottle of milk"
Funny. It's amazing the NWAV boasted having 1000+ potential retailers....then within a week, that number jumped to 4000+ retailers....all this interest for a product that does not exist....seems to good to be true, which means that it probably a bunch of BS.
"B Braun is probably getting very close to finishing their clinical trials and will probably be rolling out in short order. Just a matter of a bit more time.
"
Or more likely, the supposed Braun/BIEL deal amounted to a pile of nothing.
"OK HERE IT IS GEEEEZ-ONE-MORE-TIME-THE-PR-FOR BRAUN "
Can you explain why Braun, the supposed exclusive UK distributor, has no BIEL products in their product catalog....also, why BIEL does not mention their exclusive UK distributor, Braun, in their list of distributors?
"we do not have a hard card produced yet- probably by EOY , but the previously announced design is what the card would look like"
The Twitter posts about 1000+ potential retailers....then 4000+ potential retailers is pure BS.
There is no card, no launch date...just more and more BS.
"BIEL JUST ADDED SUPERDRUG LOGO AND WEBSITE TO THEIR DISTRIBUTION LIST IN UK
http://www.bielcorp.com/distributors/ "
Interesting....Braun is missing from the list. What happened? I thought was supposed to be a big, exclusive UK distributor? There are no BIEL products on Braun's online product catalog...and there is no mention of Braun on BIEL's list of distributors. I guess the Braun scheme was exactly just that....a scheme, a con, a fiasco, a scam.
BIEL is back in the trips....looks like word is getting out that FDA OTC approval has been denied.
Sure,
Here is the link:
http://www.fda.gov/MedicalDevices/DeviceRegulationandGuidance/HowtoMarketYourDevice/PremarketSubmissions/PremarketNotification510k/ucm070201.htm
This clearly states the FDA will communicate the status of a 510k application at 100 days.
"Scott is working hard to keep this business going I give him that. I can see this going up"
Going up? Really? This company has no revenue.
"Can't wait for this week!!!! NWAV"
What is coming his week?
"I would 'like' to know - I do not 'need' to know, and I'm not even 'entitled' to know, 3 different issues."
You are correct, BIEL does not need to tell shareholders. However, their lack of transparency further fuels the common belief that this is simply a share selling scheme.
"THERE IS NO SUCH THING AS 100 day mark. "
You are incorrect.
From the FDA website:
"If FDA does not reach a MDUFA decision within 100 FDA days (i.e., 10 days after the MDUFA goal), FDA will issue a Missed MDUFA Communication, which is written feedback to the submitter to be discussed in a meeting or teleconference, including the major outstanding review topic areas or other reasons that are preventing FDA from reaching a final decision, with an estimated date of completion."
Thus, the FDA has communicated the reasons for not approving the 510k to BIEL....BIEL knows the truth, they are just not sharing it.
BIEL's products are available for purchase in many countries around the world. Yet, BIEL cannot generate sufficient revenue to avoid stock dilution.....which means BIEL is not generating enough sales to cover basic expenses.
The products are available worldwide! Demand is weak....if a company cannot generate enough sales to meet expenses, after 13 years in operation...something is seriously wrong.