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Last time I checked one has to go through 7, 8 and 9 to get into the double zeros
There is the possibility of a gap-up but those tend to retrace and fill the gap so 7,8,9 is the right path.
Weren't some predicting 5s and lower last week?
Once again 738k in Sells today with a 32 million Total Volume, 'Mic Drop' !!!
LOL, Had to dig back 5 years .......
Lame!!!
How about current events:
SAI Brands Launch due this quarter
International Sales over $200k in Q1 2022
Prim Group RecoveryRx Sales
Novro Med S.A. de C.V. RecoveryRx Sales in Mexico
STADA ActiPatch Sales in MENA
LMAO, 97.7 Percent in Buys Today !!! The scale does not get any more lopsided than that
Buys = 30.268 million shares
Sells = 738k shares
Neutral = 1.12 million shares
VWAP = .000693
Go BIEL !!!
BIEL was up 21.5 Percent to .00065 on 5/24
These were my words from 5/24,
"BIEL had a strong move up 21.5% today on above average volume of 74 million shares"
Important to get the facts correct.
Forgot to mention the 5/25 RegSHO
As on 5/24, when there were 60 million shares out of 75 million Total Volume FTD, yesterday had 4.1 million shares out of a 5.5 million share Total Volume Fail to Deliver.
This should be the Headline News for the last 2 days, 'MMs are the Ones Selling', not Retail Shareholders
20220525|BIEL|4144299|0|5548341
What a Hot Steamy Load of BS
<<<<<<<<<< Not enough volume to be important. >>>>>>>>>>>
74.9 million shares traded on Tuesday with the 6 month average Volume at 24.9 million shares.
Buyers had to eat their way through the 42 million shares on the 6 Ask Size.
And that 6 Ask Size was mostly MM BS as the MMs could not deliver 60.4 million shares at the end of the day, 80% of the Total Volume.
FINRA Reg SHO for Tuesday
date .....symbol...Short.......Total Volume
20220524|BIEL|60494174||74946817
Great Day for BIEL Longs!!!
Over 5x as many Buyers as Sellers
Buys = 57 million shares
Sells = 10.9 million shares
Neutral = 6.6 million shares
Face Reality, BIEL had a strong move up 21.5% today on above average volume of 74 million shares
Over 5x as many Buyers as Sellers
Buys = 57 million shares
Sells = 10.9 million shares
Neutral = 6.6 million shares
Look Out, 44 million Volume
26 million share Buy at 1:27
Nice Little Buy, 7.3 Million Shares at 6, 1:11:40
Buys = 10 million shares
Sells = 103k at .0005
Neutral = 5.6 million shares at .00055
Go BIEL !!!
Thanks Pro, I am liking Australian RecoveryRx company, LMT
In business for 20 years so they have established customers getting regular visits from sales reps. 60 employees most involved in Sales.
Nicole Brittliff Territory Manager Gold Coast, Queensland
Donna Borja Senior Accounts Payable Officer Brisbane, Queensland
Cameron Miller Warehouse Supervisor Queensland, Australia
Fouad Kesserwani Business Development Manager Sydney, New South Wales
Amanda Gerard National Sales Manager- MedSurg Division Greater Melbourne Area
Camilla Roder Head Of Marketing Brisbane, Queensland
George Jaajaa State Manager (NSW/ACT) - Spine/Neurosurgery Greater Sydney Area
Jonathon Bremner Territory Manager, Orthopaedics Melbourne, Victoria
Andrew Mills QLD State Manager - Spine/Neuro Brisbane, Queensland
Wade Morgan Sales Consultant Newcastle, Australia
Carla Saull Territory Manager - Orthopaedics Surfers Paradise, Queensland
Margaret Banff Territory Manager NSW & ACT Greater Sydney Area
Tim Schofield Victoria Sales Greater Melbourne Area
Scott Davis ANZ Business Unit Manager - Spine/Neuro & Capital Greater Melbourne Area
Tim Hockley Snr Territory Manager Greater Brisbane Area
Daniel Jones General Manager Sales and Marketing Greater Brisbane Area
Greg Lang General Manager Operations Queensland
Lorelei Walsh Product Manager - Spine & Neuro Greater Brisbane Area lxx@
Jason Stanbury Senior Territory Manager Christchurch, Canterbury
Neil Connor ANZ National Sales Manager - Sports Medicine Greater Sydney Area
Jodie Johnston Territory Manager Brisbane, Queensland
Kerry Lawford Founder & Consultant Greater Brisbane Area
Mike Zylstra NSW/ACT State Sales Manager Sydney, New South Wales
Kimberley Jewell Associate Territory Manager Orthopaedics Brisbane, Queensland
Belinda Parry Territory Manager Greater Brisbane Area
Scott Perry Territory Manager Gold Coast, Queensland
Tracy Bowles Territory Manager Parkdale, Victoria
Jenny Bootes Territory Manager Greater Sydney Area
Charles Said Territory Manager (Orthopaedics) Greater Sydney Area
Sam Jones Territory Manager Greater Brisbane Area
Michael Yung Education And Training Manager Greater Brisbane Area
Samantha Territory Manager New Zealand
Brittany Dawes Product Manager Brisbane, Queensland
Philip Livanes National Upper Limb Product Manager Umina Beach, New South Wales
Shane Tait Robotics/Capital Clinical Engineer Brisbane, Queensland
Caitlyn Aherne QA, Tenders and Regulatory Affairs Manager Greater Brisbane Area
Maggie OKeeffe Senior Territory Manager Greater Brisbane Area
Darren Mudaly Quality Assurance Tender and Regulatory Officer Murrumba Downs, Queensland
Jon Mills Founder & Consultant: LMT Surgical Brisbane, Queensland
Nicholas Campbell Senior Territory Manager Orthopaedic, Spine and Neuro Sales Maroochydore, Queensland
Jeremy Smith ANZ Sales Manager- Orthopaedics Greater Brisbane Area
Terry Cool Product Manager Greater Brisbane Area
Kerryn Newbury Accounts Receivable Officer Greater Brisbane Area
Matthew Lee State Manager Melbourne, Victoria
John Leonard Associate Territory Manager Greater Brisbane Area
Adam Gough Territory Manager Sydney, New South Wales
Shaharn Rushton NZ Manager New Zealand
Steve Coulter ANZ Marketing and Product Manager Greater Brisbane Area
Lana Parbery Territory Manager - Orthopaedics Millers Point, New South Wales
emma gardiner Office Manager Greater Melbourne Area
Salman Khan Logistics / Office Manager Auckland, Auckland
Tommy Smith Warehouse Assistant Milton, Queensland
Sally ORegan South Island Territory Manger Canterbury
Matt Merrick Territory Manager Auckland, Auckland
Nick Tyler Territory Manager Wellington Region
Kiyl Paulos Stock and Logistics Manager Australia
Angus Hay Associate Clinical Specialist - Orthopaedics Brisbane, Queensland
Eamonn Akamarmoi Territory Manager Gosford, New South Wales
Still not understanding the New Ruling, Jarkesy v SEC
<<<<<<<<<<<< that case has nothing to do with BIEL >>>>>>>>>>>>>>>>
This new Lawsuit against the SEC was about those prosecuted by the SEC not having the Constitutional right to a Jury Trial because the SEC denied it.
One person, the SEC appointed Judge, decided BIEL's case.
If the SEC had operated within the scope of the Constitution BIEL could have requested a Jury Trial.
The Seventh Amendment guarantees the right to a trial by jury in any case at law where the amount in controversy exceeds $20.
When SEC cases went to a Federal Court, some were Jury Trials and some were decided by a Federal Judge, the conviction rate dropped into the 60% range from the SEC Judge conviction rate of 90%.
A pattern is emerging of illegal SEC Rules. I wonder how many other illegal things the SEC has been getting away with to increase their conviction rates?
This is a NEW Ruling Against the SEC not the SCOTUS Ruling of 3 years ago
That's right the SEC disregarded another Law to make it easier for them to obtain a conviction.
The SCOTUS Ruling of 3 years ago was for the SEC's Judge hiring policies violating the Constitution.
This new ruling is from the 5th U.S. Circuit Court of Appeals dated 5/18/2022 and involves the SEC not giving Defendents the option of a Trial by Jury.
SEC in-house judges violate the right to a jury trial, appeals court rules
PUBLISHED WED, MAY 18 20225:47 PM EDTUPDATED WED, MAY 18 20225:48 PM EDT
The Securities and Exchange Commission’s in-house judges violate the U.S. Constitution by denying fraud defendants their right to a jury trial and acting without necessary guidance from Congress, the 5th U.S. Circuit Court of Appeals ruled on Wednesday.
The court ruled 2-1 in favor of hedge fund manager George Jarkesy Jr and investment advisor Patriot28 LLC, overturning an SEC administrative law judge’s determination that they committed securities fraud.
A spokesperson for the SEC and counsel for the petitioners did not immediately respond to a request for comment on Wednesday.
The Dodd-Frank Act, which Congress passed after the 2008 financial crisis, expanded the SEC’s ability to seek penalties in its administrative proceedings.
In the ruling Wednesday, the majority said that because seeking penalties is akin to debt collection, which is a private right, the defendants were entitled to a jury trial.
https://www.cnbc.com/2022/05/18/sec-in-house-judges-violate-right-to-jury-trial-appeals-court-rules.html
Some still don't understand that the only way that KW and PW get their loans repaid is if BIEL becomes a profitable company.
Combined KW & PW have over $10 million in outstanding Loans. Conversion of their Loans into Billions of shares does them no good if there is not a market for those shares.
I have felt for some time that once BIEL is profitable KW and PW will accept a cash repayment of the Loans over time, as the profits allow, on a principle & interest basis
Yep pinhigh, Zero Reverse Splits is an important issue that sets BIEL apart from the average Pink Sheet Stock
I gave some details a few days ago about Endonovo. A "management company" who had a 1 for 100 RS and a name change/industry change followed a few years later by a 1 for 1,000 RS. And ENDV is not even a Pinky, they are a step up the OTC ladder being an OTCQB stock.
BIEL has paid the bills with share sales but there has been no RS or name change to try and hide their past like so many other OTC companies.
The money BIEL spent has achieved 5 FDA Clearances. Clearances that the average Medical Device company invests over $30 million a piece in.
Last year BIEL achieved their first profitable Quarter, a good sign that they are making progress toward solvency.
I Get It......
It does not matter what the Constitution and Congressional Laws say the SEC should be free to do whatever they want to bring their Own Personal Version of Justice Down like a Hammer on Whoever they Feel Deserves it.
And here I mistakenly thought the US Constitution and Laws were the basis of our republic.
Rule of Law - By having a strong rule of law, governments give business and society the stability of knowing that all rights are respected and protected. A strong rule of law includes: Clearly written and easily accessible laws that create certainty and enforceability of legal rights.
Rule of Law - The rule of law is the vehicle for the promotion and protection of the common normative framework. It provides a structure through which the exercise of power is subjected to agreed rules, guaranteeing the protection of all human rights.
Rule of Law - It affects everything about where people work and how they live. By having a strong rule of law, governments give business and society the stability of knowing that all rights are respected and protected. A strong rule of law includes:
Clearly written and easily accessible laws that create certainty and enforceability of legal rights
An independent and impartial judiciary that promotes fairness and ensures transparent, timely and predictable resolution of disputes.
Ruh Roh, 5/20/2022, the SEC got another Ruling on their illegal system.(courtesy of a vigilant poster on another Board)
Ruling on SEC judges could have broad impact
(Reuters) - A ruling finding that the U.S. Securities and Exchange Commission's in-house courts violate the constitution raised thorny issues of administrative law. If upheld, the decision could drastically change how numerous U.S. government agencies work, legal experts told Reuters.
WHAT DID THE COURT RULE?
The 5th U.S. Circuit Court of Appeals' 2-1 decision on Wednesday in Jarkesy v. SEC said that defendants facing penalties for allegations of fraud have a right to a jury trial under the U.S. constitution.
Law firms
Bass, Berry & Sims PLC
(Reuters) - A ruling finding that the U.S. Securities and Exchange Commission's in-house courts violate the constitution raised thorny issues of administrative law. If upheld, the decision could drastically change how numerous U.S. government agencies work, legal experts told Reuters.
The ruling reversed an SEC decision upholding findings by its in-house judge that hedge fund manager George Jarkesy Jr and investment adviser Patriot28 LLC committed fraud and should pay a $300,000 penalty.
In the ruling Wednesday, the majority classified the SEC's claims as seeking to enforce private rights, which meant the defendants were entitled to a jury trial.
https://www.reuters.com/legal/government/ruling-sec-judges-could-have-broad-impact-2022-05-20/#:~:text=The%20ruling%20reversed%20an%20SEC,should%20pay%20a%20%24300%2C000%20penalty.
What is the Rule of Law?
American Bar Association
The rule of law is a set of principles, or ideals, for ensuring an orderly and just society. Many countries throughout the world strive to uphold the rule of law where no one is above the law, everyone is treated equally under the law, everyone is held accountable to the same laws, there are clear and fair processes for enforcing laws, there is an independent judiciary, and human rights are guaranteed for all.
The SEC violated the Constitutional mandate for an 'Independent Judiciary'. This was not a one time slip up. They designed their Administrative Proceeding system so that the SEC had hiring and firing authority over the Judges that would preside over the cases that the SEC prosecuted.
This illegal system continued for years and years even as legal scholars warned the SEC that it was Unconstitutional.
Why would the SEC knowingly break the law?
The SEC got a 90% conviction rate from the Judges it hired who were not "Independent". When SEC cases were tried by Federally Appointed Judges, who are "Independent", the conviction rates dropped into the 60% range.
What does BIEL do for KT Tape?
BIEL's manufacturer in China, CICD Technologies, manufactures BIEL's PSWT device for the 'Wave' complete with the orange 'KT' logo imbedded in the finishing resin.
CICD then mounts each device in the distinctive KT Wave clamshell retail carton with literature and tape.
The KT Wave ships out to KT's Utah warehouse or direct to KT's many ROW vendors ready to place on a retail store shelf or ship to online customers.
BIEL's handling of the retail packaging saves KT time and money and gives BIEL an added service being sold to KT.
https://cicdtech.en.made-in-china.com/
GO BIEL !!!
Go KT Tape !!!
SEC has control over how Disgorgements are used
<<<<< The money recovered went back to shareholders, not into the SEC coffers >>>>> nice thought but not how things work
The original judgement against BIEL, the one SCOTUS voided, was:
$650k in Civil Penalties against St John's
$130k in Civil Penalties against A. Whelan
$1,82 million in disgorgement
The Civil Penalties and Disgorgements all go into a Treasury Fund. Investors who were harmed by fraudulent financial activity can petition for compensation . In 2019 the SEC had $3.2 billion in disgorgements, only 37% of that was used to compensate harmed investors.
Yale law Journal
"Despite the increase in the sums assessed, most of the money collected goes where it always has: to the U.S. Treasury General Fund. Compensating harmed investors was not historically an agency priority, but the Sarbanes-Oxley Act of 2002 (SOX) fundamentally shifted the SEC’s approach to distributing funds collected—at least nominally. Section 308 authorized the SEC to use penalty funds, in addition to disgorgements, to compensate harmed investors via Federal Account for Investor Restitution (Fair) Funds. The agency’s response has been seemingly enthusiastic, with multiple proclamations about its efforts on behalf of shareholders. However, based on an analysis of SEC data, this enthusiastic rhetoric does not reflect reality. Efforts to distribute funds to harmed investors have tapered off over time, such that the vast majority of sums collected are still deposited in Treasury’s General Fund. This ensures that the SEC contributes more revenue to the government than any other independent agency."
https://www.yalelawjournal.org/comment/sec-monetary-penalties-speak-very-loudly-but-what-do-they-say-a-critical-analysis-of-the-secs-new-enforcement-approach
*************************************************************************************
Congress controls the SEC budget. The SEC has a better chance of receiving larger budgets from Congress if their Statistics show high numbers of convictions and billions of $$$$$ deposited into the Treasury.
Wow, so much Disinformation
Yesterday I told this board 1.15BB of NEW free trading was coming due. The Average volume at close yesterday was 27,000,000
Today 134,236,478 shares traded. FACT >>>>>
1) I provided you a definition of "Free trading Shares" and per the OTC Markets BIEL has 24.1 billion Unrestricted shares which are 'Free Trading Shares', 136 million share trading day with 24.1 billion Unrestricted shares is a drop in the bucket
2) I showed you that BIEL, with 24.7 billion OS, has only 300 million shares available to issue before they would need to increase their AS, this involves public notice statements and regulatory approval, if that happens it won't be a surprise plenty of advance notice
3) I showed you that other than St John's 326 million share conversion in January, which they used to issue new loans to BIEL in February, there were no other Loan Conversions in Q1 2022.
4) I showed you that 90% of the other Convertible Loans that Matured in Q1 & are Maturing in Q2 have been Rolled Over for 2 more years.
I am not sure how much plainer I can be.>>>>> Plainer does not = Accuracy
When this stock was up 2 years ago I said it would come down drastically.
In November of 2020 I said the stock would be back in the trips in ONE YEAR -- OK it took 14 months.>>>>> I reviewed the BIEL posts for 11/2020 and found no such prediction, BIEL opened November 2020 at .0010 and closed it at .0012, even if someone did make the said prediction with a 1 year window on a volatile stock like BIEL and still missing it by 3 months is pretty lame
I said the GIZMO doesn't work, and its death is through no repeat sales. >>>>>
I will take the Opinion of FDA Medical Device Experts on BIEL'S efficacy, Product Reviews on several websites disagree
Q1 2021 vs Q@ 2022 down 40%.>>>>>
Q1 2022 was more profitable than Q1 2021
I said the ":NEW SALES INITIATIVE" would fall flat on its ass, ditto above >>>>>
If you are referring to the OEM business plan that started OEM Sales in 12/2020 it is doing great cutting Expenses and increasing Margins, first profitable Quarter in BIEL's history
YOU told me in the last 5 years.
Product works and will The take the market. >>>>> Please give me my exact quote so that I can respond
YOU told me the share price will continue to increase. >>>>> Please give me my exact quote so that I can respond
YOU told me the sales would skyrocket >>>>> Please give me my exact quote so that I can respond
YOU told me the company would be profitable Q2 2021 >>>>> Please give me my exact quote so that I can respond.
Must not have read post 291179
There are 24.1 billion Unrestricted shares. Today's 134 million share volume is just one half of one percent of the available shares.
Definition of "Free Trading Shares" - Shares of stock that the holder could trade on an exchange without restrictions
Per OTC Markets BIEL has:
24.7 billion Outstanding Shares
572 million Restricted Shares
24.1 billion Unrestricted Shares
As stated in previous posts but it was never acknowledged.......
The 3 shipments that are documented by the locating of US import information in no way means that there were no other Wave products sent to KT or their affiliates.
Neither BIEL nor KT supplied the shipping information that I referenced.
KT manufactures its Kinesiology Tape products in China and has scores of shipments to the US every Year. With the costs of Ocean Freight 5.6,7 times their pre Covid levels why wouldn't KT consider combining Wave products with Tape products for US shipments?
KT sells the Wave in many other countries. Why would KT ship a product made in China to the US first when it needs to end up in the UK, Spain, Australia, Europe???
If the Wave sales are so bad why does KT keep expanding it into new countries?
I did not bring the subject up ask those who did
<<<<<<<<<< Nobody cares about that SEC witch hunt any more >>>>>>>>>>>>
Merely gave some revenant facts. Surely no one has a problem with facts, right?
"sloppily and carelessly" describes the SEC attitude on their Judges
The SEC got numerous Red Flags years before the SCOTUS kicked them to the curb. The SEC liked being able to hire and fire their Judges at will, as it ensured that their Judges maintained high conviction rates, so they ignored the warnings that they were not appointed legally.
SEC Appointed Judges maintained conviction rates in the 90% range while Federally Appointed Judges that handled SEC cases had a conviction rate in the 60% range.
If the SEC had such a concrete case against BIEL why not bring a new Administrative Case against BIEL with a Legal Judge and get a conviction for the full $2 million in fines rather than settle for $160k?
The part where SCOTUS ruled that SEC Judges were Unconstitutional was conveniently left out.
Hundreds of SEC Administrative Actions were Voided by the SCOTUS, BIEL's Judgement was one of them.
SEC offered to Settle for less than 10% of the original fines. This was less expensive for BIEL than paying Lawyers to defend BIEL for a new Administrative Action.
Yep, Wrong Again, as of 3:57:31 BIEL SP was .0006
<<<<<<<<<<<< PPS is still .0005 -- is that disinformation? >>>>>>>>>>>>>>
Playing with Words
Definition of "Free Trading Shares" - Shares of stock that the holder could trade on an exchange without restrictions
Per OTC Markets BIEL has:
24.7 billion Outstanding Shares
572 million Restricted Shares
24.1 billion Unrestricted Shares
So the statement "1,150,000,000 free trading shares have and will become effective between now and June" is Bullshit no matter which way you apply it.
BIEL currently has 24.1 billion "Free Trading Shares", Shares of stock that the holders could trade on an exchange without restrictions. BIEL can only Issue another 300 million shares before it hits the Authorized Share ceiling.
If the statement was meant to mean 1.15 billion new shares would be entering the Market by the end of Q2 that would require an AS increase which would require regulatory notices and approvals.
The original response showed that all Maturing Convertible Loans are accounted for, except for two $12,000 Loans, as being Rolled Over for 2 more years so BIEL has no reason to increase the AS to pay off Loans.
Post 291074
Time for a New Calculator, That's Not That
<<<<<<<<1,150,000,000 free trading shares have and will become effective between now and June >>>>>>>>>
The only Loan that was converted in Q1 2022 was on 1/25/2022, 326 million shares to P. Whelan which is St John's.
And what did St Johns do in February of 2022? They made 2 new Loans to BIEL, $16k on 2/4/2022 and $40k on 2/9/2022.
St John's had a $42k Loan that Matured on 3/30/2022. They Did Not Convert it. St John's Rolled this Loan Over with a new Maturity date of 3/31/2024.
Dr Staelin had a $841k Loan that matured on 4/1/22. He Did Not Convert it. Dr Staelin Rolled this Loan Over with a new Maturity date of 3/31/2024.
Dr Staelin had a $69k Loan that Matured on 2/6/2022. He Did Not Convert it. Dr Starelin Rolled this Loan Over with a new Maturity date of 3/31/20244.
Dr Staelin had a $136k Loan that Matured on 1/13/2022. He Did Not Convert it. Dr Staelin Rolled This Loan Over with a new Maturity date of 1/13/2024.
Dr Staelin also made a new Interest Only Loan to BIEL in Q1 for $50k.
T. Kim had a $61k Loan that Matured on 3/6/2022. He Did Not Convert it. T. Kim Rolled this Loan Over with a new Maturity date of 3/15/2024.
Jarman had a $72k Loan that Matured on 2/24/2022. They Did Not Convert it. Jarman Rolled this Loan Over with a new Maturity date of 2/24/24.
The only Loans that I could find that might still be converted in Q2 were 2 $12k Loans made by Jarman. They could Convert or Roll them Over as they did with the $72k Loan.
Either way it would be nowhere near a billion shares.
The Whelans, Dr Staelin, Jarman, T.Kim and several other Lenders are committed to BIEL's success. This is what some just don't understand when they predict BIEL's failure.
It is important to stay vigilant for disinformation.
LOL, it tells a truthful story in response to disinformation, no guessing required
<<<<<<<<< That tells a story, I guess >>>>>>>>>>>
Claim - "KT didn't place a sizeable restocking order"
Truth - KT placed 2 restocking orders, the first restocking order being larger than the opening order.
The initial order in December was 3770 cartons. first restocking in April was 4332 cartons.
Initial Order
BOL #ZIMUHKG83124564 , shipped direct to KT Tape in Utah from BIEL's mfg CICD in China, arrived 12/21/2020
9,554 lbs
3,770 cartons
18 pallets
Reorder #1
BOL #00LU2661696645 , shipped direct to KT Tape in Utah from BIEL's mfg CICD in China, arrived 4/25/2021
11,384 lbs
4,332 cartons
20 pallets
Reorder #2
BOL # 00LU2665591762 , shipped direct to KT Tape in Utah from BIEL's mfg CICD in China, arrived 6/27/2021
7,788 lbs
2,848 cartons
14 pallets
Once again be vigilant for disinformation about BIEL.
Wrong again, must not have read the first sentence
<<<<<<<< While we do not know for sure of all the BIEL shipments to KT we do know for sure of 3 shipments to KT as we have the Bill of Lading information>>>>>>>
The BOL tracking was only for shipments to the US. Shipments to the UK and ROW would have gone direct from China.
<<<<<<<<< each subsequent order size dropped significantly >>>>>>>>>>>
The initial order in December was 3770 cartons. first reorder in April was 4332 cartons.
Initial Order
BOL #ZIMUHKG83124564 , shipped direct to KT Tape in Utah from BIEL's mfg CICD in China, arrived 12/21/2020
9,554 lbs
3,770 cartons
18 pallets
Reorder #1
BOL #00LU2661696645 , shipped direct to KT Tape in Utah from BIEL's mfg CICD in China, arrived 4/25/2021
11,384 lbs
4,332 cartons
20 pallets
Reorder #2
BOL # 00LU2665591762 , shipped direct to KT Tape in Utah from BIEL's mfg CICD in China, arrived 6/27/2021
7,788 lbs
2,848 cartons
14 pallets
Once again be vigilant for disinformation about BIEL.
Well, Shipping Documents tell a different story.
<<<<<<<<<<<< KT didn't place a sizeable restocking order. >>>>>>>>>>>>>>>>
While we do not know for sure of all the BIEL shipments to KT we do know for sure of 3 shipments to KT as we have the Bill of Lading information.
Initial Order
BOL #ZIMUHKG83124564 , shipped direct to KT Tape in Utah from BIEL's mfg CICD in China, arrived 12/21/2020
9,554 lbs
3,770 cartons
18 pallets
Reorder #1
BOL #00LU2661696645 , shipped direct to KT Tape in Utah from BIEL's mfg CICD in China, arrived 4/25/2021
11,384 lbs
4,332 cartons
20 pallets
Reorder #2
BOL # 00LU2665591762 , shipped direct to KT Tape in Utah from BIEL's mfg CICD in China, arrived 6/27/2021
7,788 lbs
2,848 cartons
14 pallets
Once again be vigilant for disinformation about BIEL.
Time for a New Calculator, That's Not That
<<<<<<<<1,150,000,000 free trading shares have and will become effective between now and June >>>>>>>>>
The only Loan that was converted in Q1 2022 was on 1/25/2022, 326 million shares to P. Whelan which is St John's.
And what did St Johns do in February of 2022? They made 2 new Loans to BIEL, $16k on 2/4/2022 and $40k on 2/9/2022.
St John's had a $42k Loan that Matured on 3/30/2022. They Did Not Convert it. St John's Rolled this Loan Over with a new Maturity date of 3/31/2024.
Dr Staelin had a $841k Loan that matured on 4/1/22. He Did Not Convert it. Dr Staelin Rolled this Loan Over with a new Maturity date of 3/31/2024.
Dr Staelin had a $69k Loan that Matured on 2/6/2022. He Did Not Convert it. Dr Starelin Rolled this Loan Over with a new Maturity date of 3/31/20244.
Dr Staelin had a $136k Loan that Matured on 1/13/2022. He Did Not Convert it. Dr Staelin Rolled This Loan Over with a new Maturity date of 1/13/2024.
Dr Staelin also made a new Interest Only Loan to BIEL in Q1 for $50k.
T. Kim had a $61k Loan that Matured on 3/6/2022. He Did Not Convert it. T. Kim Rolled this Loan Over with a new Maturity date of 3/15/2024.
Jarman had a $72k Loan that Matured on 2/24/2022. They Did Not Convert it. Jarman Rolled this Loan Over with a new Maturity date of 2/24/24.
The only Loans that I could find that might still be converted in Q2 were 2 $12k Loans made by Jarman. They could Convert or Roll them Over as they did with the $72k Loan.
Either way it would be nowhere near a billion shares.
The Whelans, Dr Staelin, Jarman, T.Kim and several other Lenders are committed to BIEL's success. This is what some just don't understand when they predict BIEL's failure.
It is important to stay vigilant for disinformation.
How is Cash King when inflation runs wild???
Inflation reduces the purchasing power of Cash.
3 months ago I could fill my gas tank for $45. Today it takes $65 for that same fill up.
That cash in my wallet lost 44% of its purchasing power for gas.
Debt is also affected when 'inflation runs wild'. In terms of repaying debt, inflation is typically considered to favor the debtor since you’re paying the creditor back with devalued dollars.
LMAO, BIEL makes a Heck of a Lot more information Public than Sales-Track
<<<<<<<<<<< itemized sales like most competent companies do >>>>>>>>>>>>
Fantasy Sales-Track quoted hundreds of times as evidence of 'declining sales' but no links to this company are ever provided.
Sorry I forgot, "Everything I say and write is my opinion and my opinion only".
Better reread post 290990
<<<<<<<<<< who said anything about Deferred Sales magic >>>>>>>>>>>
<<<<<<<<<< I'm guessing that some deferred revenue got booked this quarter but some of the Costs for that deferred order got booked last quarter >>>>>>>>>>>>
Better reread post 291035.
<<<<<<<<<<< i'd like to see some concrete evidence >>>>>>>>>>>
There have been more BIEL notifications about RecoveryRx Partners than ActiPatch in 2022.
<<<<<<<< Modern Development Medical Company - Kuwait, Qatar, and Oman
Novro Med S.A. de C.V. - Mexico
Prim Group - Spain >>>>>>>>>>>
Press Release
"BioElectronics Corporation (https://www.bielcorp.com/ OTC: BIEL a developer of medical technology products, today announced that the Company has entered into a distribution agreement with Madrid / Spain based PRIM Group (www.prim.es) for the distribution of its RecoveryRx device throughout Spain."
Press Release
"BioElectronics Corporation (https://www.bielcorp.com/ (OTC: BIEL) today announced its distribution partner in Mexico has received authorization from Mexican FDA (Cofepris), which allows for the importation of the RecoveryRx® device into Mexico.e Novro Med S.A. de C.V. has contracted for the exclusive distribution rights for RecoveryRx® in Mexico."
SALES UPDATE:
"BioElectronics Corporation is pleased to announce that it has signed two additional international distribution partners and received a new order from its longtime distribution partner in Bangladesh, Multiple Health Pharma, Ltd., who has resumed operations following shutdowns due to Covid (MHP distributes both RecoveryRx & ActiPatch). These two new international orders and the renewal order total in excess of $200,000.00.
"The first new order comes from Stada MENA DWC-LLC. It will be distributing ActiPatch in Bahrain and the Kingdom of Saudi Arabia. Erin Sanders, International Sales Manager for BioElectronics, said, “After lengthy negotiations and delays due to Covid, I am pleased to close the contract and bring on this well qualified and capable distribution partner.”
"Ms. Sanders has also finalized a contract with Modern Development Medical Company., which will be distributing both RecoveryRx and ActiPatch in Kuwait, Qatar, and Oman. In the United Arab Emirates, they will be focusing on the RecoveryRx brand."
https://kamedmedical.com/recovery-rx/
https://www.chiroeco.com/products/product/recoveryrx/
https://www.medandcare.pl/en/products/sports-medicine/recovery-rx
https://www.newmedltd.co.uk/products/recovery-rx
https://www.sandlotmedical.com/recovery-rx-medical-providers
https://www.acupunctureplus.net/product/pain-relief/recovery-rx/
https://lmtsurgical.com/shop/medsurg/rrx/recoverrx/?
https://www.farmaline.be/apotheek/bestellen/recoveryrx-real-pain-relief/
https://www.medipasmatras.nl/product/pemf-pijn-therapie-recovery-rx/
https://www.selfpharma.com/en/soins-materiel/45401-recoveryrx-back-pain-relief-appareil.html
https://www.findtheneedle.co.uk/companies/henleys-medical/products/recoveryrx-back-pain-relief-therapy-device
https://protibolecinska-zanka.com/izdelek/recoveryrx/
https://www.shop-pharmacie.fr/hygiene-et-sante/BE03093499/recoveryrx-back-pain-therapy.htm
https://gmtpshop.com/shop/physicotherapeftika/siskeves-ilektrotherapias-tens/recovery-rx/
https://www.ceneo.pl/79161304
https://pharmacy-medi-market.be/pharmacie/c/recoveryrx-real-pain-relief-appareil/p/38472
https://www.actipatch.com/bioelectronics-earns-ce-mark-for-the-actipatch-and-recoveryrx-drug-free-pain-therapy-devices/
No deferred revenue magic, RecoveryRx Sales are Up
RecoveryRx has the same manufacturing costs as ActiPatch but commands a higher price as a 'Professional Medical Device'.
RecoveryRx has had several recent expansions;
Modern Development Medical Company - Kuwait, Qatar, and Oman
Novro Med S.A. de C.V. - Mexico
Prim Group - Spain
13.5 million share Volume and only 320k were Sells
Buys - 3 million shares
Sells - 320k shares
Over 10 million shares transacted at a .00065 SP which Retail Investors can't place an order for.
LOL, It's not how much you sell it's how much profit those sales generate
Q1 2021 - Sales $599k, Gross Profit $273k
Q1 2022 - Sales $360k, Gross Profit $281k
You have to back to 2016, when ActiPatch was on UK shelves, to find a higher Q1 Gross Profit than Q1 2022.
I believe that Revenue is recognized when the product is shipped to the customer
That is why there is a 'Deferred Revenue' line in the Financials. A customer has placed a deposit or prepaid for an Order. BIEL can't count it as Revenue until the Order ships. Q1 2022 Financials show $191k in 'Deferred Revenue'.
The last SAI estimate we had was from a Board poster who was told by SAI, in answer to an email, that they would Launch in Q2 2022. This will be a large Order for BIEL as SAI has 9 'Powered By ActiPatch' Products.
This is the highest Margin, 78%, I can remember ever seeing
$360k in Sales, Cost of Goods $79k, Gross Profit $281k.
Must have been quite a few of the High Margin RecoveryRx devices sold.
Go BIEL !!!
Some have the uninformed Opinion that BIEL is a Scam
We need look no further than to our friends at Endonovo, who attempted a patent lawsuit against BIEL a few years back and had it thrown out, for an example of an actual scam.
Endonovo (ENDV) started life as 'Hanover Portfolio Acquisitions Inc., a business management company.
In May of 2014 they changed their name to Endonovo Theraputics inc, and enacted a 1 for 100 Reverse Split. So if you owned 1 million shares of Hanover you now owned 10,000 shares of Endonovo.
6 years later in 1/2020 ENDV, with their SP at .0013 and 1 billion Outstanding shares, enacted a 1 for 1,000 Reverse Split.
If you owned 1 million shares of Endonovo before the RS you now owned 1,000 shares. If you owned 1 million shares of Hanover and had it reduced to 10,000 shares that 10,000 shares was now 10 shares.
This 2020 RS raised ENDVs' SP from .0013 to 1.30 and dropped the OS from 1 billion shares to 1 million shares. Two and a half years later the ENDV SP closed at .009 on Friday and that 1 million share OS has ballooned to 139 million shares, a 13,800 percent increase.
In the last 6 years ENDV has accumulated a Net Loss of over $40 million, more than BIEL's Net Loss of $38 million during 20 years of operation.
During those same 6 years ENDV has had under $700k in Sales while BIEL has had Sales of $8.2 million for the same period.
Last month ENDV announced a new stock offering of up to 200 million shares. These shares could be sold in private placements or sold into the market.
The ENDV CEO collects a salary of $300k each year and even gave himself a $15k bonus in 2019. BIEL's CEO has deferred all compensation and foregone interest on the loans she has made to BIEL.
ENDV is what a scam looks like.
Reading the BIEL Updates can answer a lot of questions
<<<<<<<<<< All those distributors and only one bought 200k worth,no way >>>>>>>>>>
The 2/28 Update gives the details of that $200k+ in revenue,
"BioElectronics Corporation is pleased to announce that it has signed two additional international distribution partners and received a new order from its longtime distribution partner in Bangladesh, Multiple Health Pharma, Ltd., who has resumed operations following shutdowns due to Covid. These two new international orders and the renewal order total in excess of $200,000.00."
So, this was one batch of 3 International Sales occurring before 2/28/2022 bringing in over $200k. This does not include all Sales in Q1 to that 2/28 date and there were 31 days remaining in the Quarter when the Update was released.
https://www.bielcorp.com/bioelectronics-corporation-chairman-richard-staelin-ph-d-updates-company-achievements/