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That would great, hopefully with at least an *ACTIPATCH INSIDE ICON* on the packaging. (like Intel Inside) on computers
Jose, i've been saying that for almost 10 years. The product itself works amazing. I never thought management would be the one holding us down.
Just goes to show, even though we have an amazing product that is desperately needed, making money is never as easy as you think.
Im hoping JGD is correct and the CE Mark will be reissued to BIEL sooner than we think. He's not that concerned over it.
Does anyone know if this process is just a renewal, or do they have to reapply as its been expired too long?
JGD,
I Googled Bioelectronics CE Mark, looked thru several pages and found nothing to show they ever had a CE Mark? I tried with no luck.
You mentioned that your not that concerned, because you believe they had it at some point. Could you please post what you found? We can't sell in the EU without it.
Seems to be more proof this old guy need to retire. He's the only one preventing us from any sort of success.
At this point, I think the medical community is watching this unfold, most shaking their head in their hands in disbelief. Me too!
This would be amusing if I wasnt invested, but these products work. Just plain and simple.
Bottom line is this - who in the hell would go thru the trouble of getting Smart Insole cleared by the FDA in FEB 2017, only to completely remove it from all shelves after Dr Scholls was visting last summer? It never had a chance to show itself off, because it really works also. This never made sense to most of us here, and their silence seems to ammuse our CEO, because after two years, still MIA!
The loop in Smart Insole is noticeably smaller than Actipatch. Do we know if the Frequency is the same as Recovery RX?
This silence hasn't helped the share price either.
Steve, grass roots would have set us up for this to explode right now. Last year they said they sent thousands of samples to the media... what happened? Did I miss something. Did they change their minds?
Now we have several competitors trying to break into the space bayer pushed us out of last year. Has anybody seen or heard from Smart Insole
I just bumped into this product and wanted to share another new competitor:
https://getcompressa.com/blog/aff/5/?affID=304&C1=201507&C2=ZjE5OTI4N2Y3MzI3YzE0ODA5OTM3YmFhMmNiNzk1NTQ&C3=24593&C4=&C5=email&click_id=4976324&SID=201507&ea=1
Hey Yankee, I read your letter too. I'm glad someone had the calmness to write a well thought out letter. He responded the way someone who knows he did something wrong. His response was puzzling, and he never offered any reasons why.
Please disregard his rudeness and lack of ability to lead this company as CEO, a position which he ahs proven again and again he surely does not belong in.
Why dont they start grass roots marketing efforts? They aren't very inexpensive?
Now that Recovery RX is finally approved it will work its way into the OR's accross the country. As the doctors and ADMINISTRATORS see the improved healing, they will begin to discuss it more with their peers and start looking into the technology online [Hoping we have the online thing completed at this point, because it will greatly reduce the learning curve on understanding this technology [the FDA had to create a new category for it and they still didn't understand it for two years after that].
Once the doctors and admin see it works, it should spread as fast as possible simply because it really does work, and it will greatly reduce the healing time.
Could this be the product that begins to drive down the cost of healthcare?
CHA - CHING!
You need to try the product first.
How about on the starting pitchers arm after they pull him in the 7th inning?
Actipatch on a branded sleeve that has the Actipatch logo, web address and phone #.
That would be awesome to see on ESPN game of the week!
Could you imagine how fast the entire league would be ordering these after that kind of exposure.
The following - between innings - ESPN sends the sideline reporter into the dugout to get feedback from the pitcher of - "what is that on your arm", "do you feel it working" and "how does this compare to ice in a towel compression method"
Hopefully that will be during the 2019 playoffs. That will surely be a huge catalyst for selling Actipatch.
Could you post that link so I can see it as well? Or even repost something withbthat link.
After all, seeing is believing these day...
Thanks
With the deals Andy seems to be looking for looking for top dollar & Walmart is always looking for the best deal, better than all the others get.
This will be interesting to see how this plays out.
Is it true, i read on this board yesterday that walmart sold out?
How about an official appology fromt he company for allowing the CE MARK to not renew.
Does anybody here know for sure we ever had a CE MARK?
Jimzin is under the impression that it might not happen this year, which leads me to speculate if we ever had a CE MARK to begin with?
Can anybody with knowledge of this please post proof that we had one.
Because Bayer decided on Monsanto over BIEL, look at how bad that decision is magnified now.
Bayer had been in the BIEL HQ most of last summer, and still walked away.
It is my belief that if Bayer would have done more research on the entire product line, they would be in the exact opposite position they're sitting in now.
If they would have started launching the snart insole, and the sales were heading in the right direction, and now this new clearance of Recovery RX, they'd be in prime position to take full advantage of this opprotunity.
ULTIMATELY - I dont think Bayer can survive, the lawsuits keep coming. Wouldn't it be ironic for Biel to be buying Bayer on the cheap cheap in a few years. Lol
At this point, just about anybody other than AW would take this news and spread it into every single hospital and surgical center in this country.
Do they have video's for their YouTube chanel, showing exactly has this works? How difficult is it to create about 5 videos and post them on YouTube.
YouTube chanel should be seperated into each of their own categories; allay, actipatch, smart insole, recovery rx, etc...
Lets start helping make this product get known just a little more. I call this learning to launch. Start getting the medical community along with people who will be going under the knife soon.
"NOBODY LIKES PAIN" campaign.
Eventually, doctors will begin to call tbe comapny for additional info, and hopefully really good relationships will be made so that the doctors can suggest additional videos to put up on youtube.
SHOW THEM - DON'T JUST TELL THEM. Seeing is believing, and we git alot to show off!
To me this should have already been done, instead of the same ole same ole. Mix it up, just for the hell of it. Someone just might call that could be a HUGE asset. I wonder who?
FYI - I still hope AW retires very soon, it can only be beneficial for all of us. The reply to Yankee's written letter says all you need to know about whos in charge agyer making every mistake possible.
DISGUSTED! But still hopeful because they work very well. Nothing comes easy, even when you have great products like these.
How can you say that toohot? Seriously!
Don't need alot of shares?
With all the current outstanding notes, if co verted today would be more than 64B outstanding.
Contrary to what you just wrote, everybody is going to need lots of shares to make any money. Thats the sickening part of the way (little BIGMAN) protected the family money they make off of us buying more and more shares.
Be very careful, the products are amazing, however, we have this horrible management. Products great, mgmnt - NOT SO MUCH!
Fingers crossed.
Another major scam... beware!
MAJOR SCAM? BEWARE...
JGD, do you know if the new submission is again just for women? Did they figure out how to explain to FDA that it works on both men and women.
Does anybody know if KN contacted Oral to introduce the Actipatch to each baseball teams trainers and doctors about using Actipatch after you pitch INSTEAD OF USING ICE?
The US Sergeon General last year suggested we stop using ice compression on inflammation injuries, instead they suggest using compression only, eliminating the ice, which stops blood from rushing into the injury.
This is reality Simps. Most will look the other way because we just got recovery rx clearance, allowing him to hood wink everyone again with a very well timed use if the word [imminent], because they think this is going to take right off - which I agree should happen if they were doing anything along the way - Grass roots marketing efforts. Which if they would have done anything along those lines would set us up for the spot we are in right now.
As great as the product is, if we never make any effort at all to start getting the brand recognized, sales will always be low.
We havent don't anything along the lines of grass roots marketing. Zero! With that said, AW must have other plans to knock this out of the park.
Most marketing professionals will always tell you that when they put forward a major marketing campaign, they are NOT guessing that the marketing will be a huge hit. Why? Because the grass roots marketing efforts gave them all the information they needed to make revisions to the grass roots marketing effort as it was in motion. Now they have all the info, and can clearly see whats working very well and whats not, and very good marketing professionals will understand the grass root marketing failures which adds to the strength of the big marketing launch.
Very rarely does a product just hit the shelf and take off from there. This has always been my frustration with this company, its the lack of grass roots marketing.
Remember last year at this time?
Market cap = $150M
Hopefully the FDA can finally understand how this works once the Recovery RX starts to be used before and after surgeries, giving them enough confidence to clear actipatch FOR BOTH MEN AND WOMEN.
We can only hope.
Because he doesnt really know what hes doing, but by continuing to reapply, he seems happy to just the waste time, like hes pulling the wool over our eyes.
Who pulls a product off the shelf within weeks of finally winning OTC approval from FDA we've been trying to get forever?
Only logical answer is someone who has obviously never learned how to market an otc device successfully.
Should they have been planning the next part as they had to wait over a year for that approval. Something just doesn't smell right!
Since the FDA approved two devices for OTC, the smart insole was REMOVED from the market place entirely [This proves what we are dealing with], never secured the Dr. Scholls deal Keith said was immenent on the radio talk show.
Ive heard a lot of jibber jabber on the board about about the CVS deal is probably dead, and then some still think that roll out is still doing good? Either way, another great move on the part of AW, dont tell us anything thats going on, because this board is getting really good at figuring out whats going on. Maybe he has been silenced once and for all because of the SEC ruling? Is he even allowed to issue PR'S?
In a nutshell, with all the mistakes this guy has made, whether it was underhanded or just lack of experience, any other company would have escorted the old man out the door by his ears. But he seems content that more of the same keeps happening.
[I honestly wonder if he is ashamed of the things he's done that led us down this path? Or was it intentional]!
IMO, there is no rhyme or reason for anything he does anymore. But to forget to renew the CE Mark, thats the final straw. It may be harsh, forgive me, but it might be a clue of the other stuff he's probably gonna forget very soon. It comes in many different forms - Dimensia, Alzheimers. Than who's got our back?
Expect more bad news with our current leadership! Nothing short of full clearence will ever get this rolling in the right direction again.
Penny, every time I think about that I start to feel sick. Is this offense something that may be met with the market halting this until changes are made? Does anybody know the answer to this?
Ive already greatly reduced my holdings in light of the Nov 27 denial from the FDA, but we still have a sizeable position. Looking to add more after the BLACK CLOUD lurking above us moves on.
Nobody that I know can make this many mistakes and not be held accountable. As shareholders, we have been extremely patient, hell some of us have even offered suggestions, to deaf ears
Based on this post, wouldn't it be illegal to continue to operate under current CEO.
Without changes at the top?
Not tenable IMO...
I whole heartedly agree with this post. Can the company survive any more horrible decisions? If youre still making excuses, your probably still in denial, because we are still trading in the trips (.000) under current leadership.
In order to survive, this company needs to make changes very soon. Not tenable with current path.
Patent is still ticking... tic toc. Then its game over.
This might be the worst management in penny stocks that really have a tangible product. This product is nothing short of AMAZING.
A college marketing major may have already gotten this to market. Because they know they still need GP at this point, and would never consider WASTING MORE TIME by continuing to submit apps for FDA Approval, as they would have realized that in this business climate - WASTING TIME IS THE EQUIVALENT AS WASTING MONEY.
Save face and retire already.
Just my 2 cents!
Wow! If I read this report correctly, people are desperate for a device that really works. I would think that AW would read the writing on the walls and want to hurry up and retire as the market is extremely ripe for Actipatch, if it is ever marketed correctly.
But in my opinion, we are stuck because until FDA gives clearence for the back, none of the big box stores want to spend money to advertise this until its all cleared by FDA.
This is the main reason they need to IMMEDIATELY bring back GP dream team to the table so we can finally get this cleared.
Very aware of this. I love the product too. Arent you the least bit curious WHY, after finally getting the APPROVAL on 02/17, would AW pull smart insole off the shelves? At that time they were saying its obvious that the Dr. Scholls deal was abouy to happen, we all started to see a lot more advertising of Dr. Scholls on various networks (have patience - it will happen).
This is not how you do business with a product of this magnitude, a game changer IMO.
I would have thought that after having so much time on their hands, that they would have had a plan to start marketing (even if it was just grass roots marketing, which can be exremely affordable) after the approval. The goal at that point would be to draw as much attention to this new FDA cleared device(s).
By never discussing this simply tells me that he has ZERO respect for us shareholders. Personally I think it all to obvious that he has no idea how to get out of the trap he got himself caught up in. Maybe time for an honest update from our fearless leader. Its pretty obvious that we're sinking... slowly, but surely sinking.
I have ZERO CONFIDENCE in AW getting this to market. In WAY OVER HIS HEAD.
They forgot to renew their CE mark too. Who's in charge here? ...
What a seasoned CEO, taking care of the family before shareholders. Very talented at making sure this company is knee deep in debt forever.) - Advanced schooling for CEO's?
By continuing to play the FDA game, and submitting new application's, just means that it's going to take longer, all the while the patent experation continues to tick.
This genius might go down in history as creating one of the best advances in medicine, only to not benefit simply because the generi versions will be out.
This company may be a good example for a college business school textbook. Exactly how to not over play your hand when you have a great product.
I never thought my investment in this company would look like this, especially right after the 2/17 approvals from FDA.
We need ADULT leadership - DESPERATELY!
I remember discussing this with him 2 years ago, and at that time the share structure with current notes open would come to just over 56B shares, that was in fall 2016. I would guess its gotta be over 60B by now.
Yep, thats are trial and error CEO operating a company that has a new device that will shake the medical community up. Will we ever be able to really get this to market without all of the shareholders yelling into their own megaphones?
Imagine what it would feel like if we had a seasoned CEO that would not only get the FDA clearance (IMPOSSIBLE WITHOUT GP IMO), but then parlay that into some giant retailers who will have to advertise themselves to drive sales, someone with real vision.
Another uneventful day with Andy the hardhead leading us NOWHERE again, for over ten years. I think he enjoys the beating he gets from the FDA everytime he trys to get clearence. Andy cannot have a serious dialogue with the FDA because he hasn't got legitimate representation, someone who can actually challenge the FDA. Its simple logic to anyone other than Andy, he'll take his hard headed ways back to the FDA again and again simply because of this. I think he thinks differently from most people (mainly because he's been running scared, and hasn't a clue what to do at this point). Hows that approach worked since 02/17?
Time for change
GREAT JOB ANDY! Consider retiring, your wallet might get fat in a hurry as a result.
I think his strategies have worked exactly the way he wanted them to work. He' not dumb. It seems he still hasn't accumulated enough shares for his family [overindulged], maybe thats why he refuses to bring back GP to represent us in front of the FDA? Maybe thats why he continues to pretend to have made final preperations to the 510(k) which he pulled, and will again re-apply. Why couldn't he learn from the discussions in meeting prior to submission? Because it keeps us lemmings watching like something awesome is about to happen. The only awesome thing that could happen would be the announcement of a his retirement party.
In my personal opinion, I think the FDA thinks of Andy in a similar way we do, thats why I wouldn't bet on an FDA approval anytime soon. What has he done differently. ZERO...
I'm confident people like this eventually get caught one way or the other. The truth will eventually come out, it always does. The way this nit wit runs this company, I'm sure big brothers got there eyes all over this.
If the product itself wasnt so damn great, I wouldnt stay to see how this eventually plays out. ACTIPATCH itself is a game changer for the medical community.
Would anybody here still knowingly pay for this trial and error CEO to continue ON OUR DIME? Seems he may have some tyoe of learning disability, as he continues to do things almost the same way over and over yet we never breakout? Hmmmmm?
Im glad to see you would also see it in a positive light if he chose to allow someone else an opportunity to take this to market.
After seeing these mistakes happen and frequently, I am a firm believer that the FDA has zero respect for our CEO, and will allow this to [LOOK] unfortunate that they continue to deny requests as result. These meetings with the FDA IMO, will not result favorably becasue I do not believe the dialogue is equal. It seems to me that these meetings are educational for AW, but thats it. Without GP representing BIEL at the table, it doesn't even feel right.
The product however, is a game changer. Once [if] we get to market, and advertising is built in, it should fly for sure, Simply because it works so well. Glad to have a chance to invest in a company with such a game changing product, but it all balances out because we're approaching 20 years with this type of leadership.
With SEC penalties slapped on AW & KW, it seems even more difficult now, kinda feels like a TRAP.
After reading this post Penny, it sounds as if I missed something regarding the Pending FDA clearance... Did I? Did they reject it again, or are you just expecting bad news?
JGD,
Would you agree that bringing GP back to the table with the FDA would increase the possibility of getting clearence weve been waiting for?
Do you still have any faith in Andy's ability?
With all these huge mistakes being made, and the current share price back in the trips, no comments from company. How much worse will it have to get before we finally get new leadership?
We need an imminent change in leadership.
Just discovered more bad news. OTC Markets now has the YIELD SIGN up for BIEL. Just another fine detail our Trial & Error CEO didn't pay enough attention to.
Now that Andy & Kelly have been scolded, how can anything good happen from here? It just cannot. Is he really this bullheaded? Once the good ole FDA denies this application again, because BIEL didn't bring GP back to the table for this submission either how much lower will this go? It feels like his stubborn attitude wants to teach us shareholders a lesson about who's boss?
Do us all a favor already - RETIRE! Before its too late
This is the most sickening report I could have imagined.
Sales for the Three Months Ended March 31, 2019 and 2018.
2019 $141,103
2018 $388,687
I'm sure if you could have possibly waited any longer you would've.
PLEASE CONSIDER RETIRING AW... I'm pretty sure MOST on this board would also agree. We watched as some made excuses for his trial & error attempts to turn this around, but at the end of the day, I/WE NO LONGER TRUST HIS LEADERSHIP.
Since the 02/17 approvals - we all expected everything to fall into place because you said you had so much interest in companies calling BIEL, wanting to be part of this, you had to hire a consulting company to help you navigate thru all of them.
I'd bet that none of those companies have any respect left for His abilities as a CEO, considering the way you continue to do things the way you feel they should (Maybe that why the sales continue to FALL)? If you have any desire to see Actipatch make a big impact, step aside. Allow someone else to give it their best effort.
His lack of communication is questionable. And continuing to try to get Muscleskeltal clearance from the FDA is laughable at best, I DONT THINK THEY HAVE ANY RESPECT FOR AW.
RETIREMENT IS CALLING... HINT! Do the right thing. Give us (shareholders) a chance to make some money...
I/WE still think this is a game changing medical device, once its discovered by the masses.
Why not borrow money from IBEX to retaim GP to finally get the full muscleskelital clearance? Would this be legal after the ruling of 1 and 5 years?
This is where I dont see eye to eye with Andy, the FDA IMO will continue this dance with Andy. Until Andy brings top tier lawyers to represent us to the FDA, we'll continue to spin our wheels in mud. Until we bring lawyers who can have a dialogue with the FDA thats on an even basis, we will never get full muscleskelital clearance. To sell the product in all the big retailers, this clearance is an absolute must. Please consider bringing GP back to finally finish this deal before the patent expires.
Andy thinks too much of himself, thats why he's the head chef, dishwasher and CEO.
I just cant imagine a great new product like this may never get a fair shakes because of just one bad decision maker.
ABSOLUTELY DISGUSTED!
Still not the proof I'm looking for. You give too much credit to Bayer from a simple assumption.
Im on your side Steve, however this is not proof. Its just an assumption. This may be they way AW digests information, IDK, but all im asking for is real proof.
Your assumptions sound good, and may have some merrit, but for me, I need hard proof.
Everybody is familiar with trust and verify, im into SHOW ME DONT JUST TELL ME!
From the years I've spent reading this board, it the only fair way to get DD - call and verify after you show me proof.
After 2/17 product clearances we are still
.000's??? Mind boggling that management could possibly be this inept.
SHIT NEEDS TO HIT THE FAN AFTER THIS REPORT IS FINALLY RELEASED. SERIOUSLY!
Could this be the absolute worst management team of ALL TIME? SERIOUSLY THINK ABOUT THAT STATEMENT.
They can't even get an incredible gifted medical technology to market because the FDA says NO WAY!
Please forgive me for not recognizing your true "GILLETTE" qualities, you must be very sharp!
Thats probably a good idea, maybe i'd take you up on the notion to call CVS, if I hadn't already done that months ago when Penny spotted it on a shelf in Ohio.
I have never heard that Andy said NO to Bayer. I was never aware that Bayer made Andy an offer. Please post that link so I can verify that as FACT! Just another bad decision by BIEL mgmnt.
If this is true, Andy has some serious explaining to do.