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If one does not see the importance of moving from a .001 Bid to a .0011 Bid with 10 million shares wanted I can not help you.
CDEL moved their Bid up to 11 with 9 million shares
Total of 10 million shares now on the 11 Bid
KT Wave Supply Very Good at Target according to Brickseek
Lakewood
460 S Vance St
Lakewood CO 80226-3305 In Stock
Sheridan
3650 Riverpoint Pkwy
Sheridan CO 80110-3312 In Stock
Arvada South
5071 Kipling St
Wheat Ridge CO 80033-2251 In Stock
Denver Northfield Blvd
7930 Northfield Blvd
Denver CO 80238-3527 In Stock
Denver SE
7777 E Hampden Ave
Denver CO 80231 In Stock
Denver West
14500 W Colfax Ave Unit B1
Lakewood CO 80401-3203 In Stock
Douglas County
1950 E County Line Rd
Highlands Ranch CO 80126-2437 In Stock
Highlands Ranch
1265 Sgt Jon Stiles Dr
Highlands Ranch CO 80129-2265 In Stock
Aurora West
1400 S Havana St
Aurora CO 80012-4014 Limited Stock
https://brickseek.com/target-inventory-checker/?sku=082-02-5028
Yet Another Serving of Baloney
Q4 2020 and Q1 of 2021 had the Opening Orders for the OEMs which is why they had more revenue than Q2 and Q3 of 2021. Basic stuff for a new product, zero exist in the supply chain so it takes tens of thousands of devices to fill that chain.
KT is the only OEM that has been fully engaged with promoting their BIEL devices so far. This is pretty obvious from US Customs Documents and the presence of The Wave on Retail Shelves.
KT has already expanded The Wave into the UK and Australian Markets with plans for further ROW expansion next year. KT currently sells its Tape Products in 40 countries.
DonJoy, which is a division of DJO Global, has had minimal promotion of their EME 'Powered by Actipatch' products to date. Lots of opinions as to why this delay has occurred.
The most logical answer was available in Q1 2021 when Colfax, the owner of DJO since 2018, announced that it was separating DJO into its own Publicly traded company with a new name. Splitting the businesses is intended to facilitate more M&A and will be completed in Q1 2022.
https://www.medtechdive.com/news/colfax-to-split-in-2-creating-over-1b-orthopaedic-player/596263/
DJO's separation from Colfax into its own Public Company is a major event that requires many resources. IMO, the EME product launch was placed on hold until this is completed.
Amazon likes the KT Wave enough to sell direct from its own warehouses, not just promoting for a third party. They also ship The Wave from their US warehouses to several foreign countries, that list includes China.
Target stores began getting The Wave in early October 2021 so they are not a part of Q3 revenue. In the California cities that I have been monitoring an average of 25% of stores have The Wave in stock.
Walmart currently sells The Wave in its Online Marketplace, fulfilled by small online retailers. This may soon change as BIEL's Dr Koneru mentioned in his recent presentation that KT was in talks with Walmart regarding adding The Wave to shelves.
Absolutely, when has Government Oversite ever failed???
FHA Housing Mortage Crisis
FDA Opioid Crisis
FEMA Katrina
Veteran Affairs Walter Reed
SEC Madoff Ponzi Scheme
SEC Subprime Crisis
SEC Illegal Administrative Judges
Anyone interested in Facts on Naked Short Selling rather than Opinions should read the article below
It is written by a former Wall Street Stock Analyst and Executive VP with 25 years of experience at Smith Barney.
https://smithonstocks.com/part-6-illegal-naked-shorting-the-secs-regulation-sho-is-intended-to-prevent-illegal-naked-shorting-but-is-ineffective/
LOL, like No One Else does After Thanksgiving Sales Right???
Scrapping the bottom of the barrel.
"Naked shorting is illegal", So is doing 75mph in a 65mph zone but a lot of people do it
Just like the speeding driver who keeps one eye on the rearview mirror for cops MMs abuse the Naked Shorting Rules, keep an eye in the rearview mirror for the SEC, paying the Fine if they get caught as a cost of doing business.
The problem is that we have an activity, 'Naked Shorting', that is allowed if the MM is 'Creating Liquidity' but illegal if the MM is 'Manipulating a Stock'.
So the temptation is always present to go beyond 'Creating Liquidity' and accelerate into 'Manipulating a Stock' to make more money.
SEC - Short Sales
II. “Naked” Short Sales
In a “naked” short sale, the seller does not borrow or arrange to borrow the securities in time to make delivery to the buyer within the standard three-day settlement period.[3] As a result, the seller fails to deliver securities to the buyer when delivery is due (known as a “failure to deliver” or “fail”).
Failures to deliver may result from either a short or a long sale. There may be legitimate reasons for a failure to deliver. For example, human or mechanical errors or processing delays can result from transferring securities in physical certificate rather than book-entry form, thus causing a failure to deliver on a long sale within the normal three-day settlement period. A fail may also result from “naked” short selling. For example, market makers who sell short thinly traded, illiquid stock in response to customer demand may encounter difficulty in obtaining securities when the time for delivery arrives.
“Naked” short selling is not necessarily a violation of the federal securities laws or the Commission’s rules. Indeed, in certain circumstances, “naked” short selling contributes to market liquidity. For example, broker-dealers that make a market in a security[4] generally stand ready to buy and sell the security on a regular and continuous basis at a publicly quoted price, even when there are no other buyers or sellers. Thus, market makers must sell a security to a buyer even when there are temporary shortages of that security available in the market. This may occur, for example, if there is a sudden surge in buying interest in that security, or if few investors are selling the security at that time. Because it may take a market maker considerable time to purchase or arrange to borrow the security, a market maker engaged in bona fide market making, particularly in a fast-moving market, may need to sell the security short without having arranged to borrow shares. This is especially true for market makers in thinly traded, illiquid stocks as there may be few shares available to purchase or borrow at a given time.
https://www.sec.gov/investor/pubs/regsho.htm
LMFAO, Every MM Naked Short Sells Stocks
The mandate of a Market Maker is to always make sure that there is Liquidity for the stocks that they cover. This involves making sure that there is always a Bid and Ask Quote.
On the OTC Markets, where investors Sell to and Buy from MMs, the MMs will need to Sell Shares that they do not own and have not borrowed in order to maintain Liquidity. They are allowed to do this under their MM mandate.
As in all things in life that involve money some MMs will abuse their authorization to Naked Short Sell to Make a Market and use it to manipulate the Market to make illegal profits.
If anyone bothered to read the Game Stop Story it is all about Naked Shorting,
The GameStop Mess Exposes the Naked Short Selling Scam FEBRUARY 25, 2021 BY LUCY KOMISAR
At the House Financial Services Committee hearing last week on the GameStop debacle, there was an elephant in the room: naked short selling.
Short selling, effectively betting that a stock will go down, involves a trader selling shares he does not own, hoping to buy them back at a lower price to make money on the spread. The trader is supposed to locate (or have a “reasonable belief” he can locate) or borrow the shares in brokerage accounts, and then transfer them to the buyer within two days. This accounts for as much as 50 percent of daily trading.
Naked short selling is when the trader does not find those shares to deliver. It’s costly to big hedge funds to locate hard-to-borrow shares. So prime brokers, who carry inventory of stocks for high-volume short sellers, simply lie about the borrows, to assist their favorite clients.
It’s a scam central to the stock trading system, enabled by the Securities and Exchange Commission (SEC), the market regulator, and the Depository Trust and Clearing Corp. (DTCC), the stock clearinghouse, to benefit the big players. The SEC has long been run by revolving-door officials who move between it and Wall Street trading houses and law firms. DTCC is owned by the prime brokers, such as Goldman Sachs, JPMorgan, and Citi, and run in their interests.
At the House hearing, Rep. Nydia Velazquez (D-NY) asked about the dangers of short selling. “GME [GameStop] sold short 140 percent. Why isn’t that manipulation?” She meant that short sellers sold 40 percent more shares in GameStop than existed. They were phantom shares that didn’t exist but that were posted in buyers’ accounts as “entitlements.” The buyers have no idea they don’t have real shares. They can sell and even loan those digital entitlements.
In other words, large numbers of “locates” or “borrows” were fake, making the shorts “naked.” Why does it matter? Because naked short selling causes the number of shares in the market to increase, which normally makes their value drop; more shares equals less value. And it can massively disrupt the market, as GameStop showed.
https://prospect.org/power/gamestop-mess-exposes-the-naked-short-selling-scam/
Missed my point
* A legitimate shareholder would not want to sell that many shares late in the day on the day before a national holiday as there would be fewer possible buyers engaged with the Market. However it is the perfect time for someone wanting to drop the SP.
* A legitimate shareholder would ease their shares into the Market to maintain the highest price while they sold. However dumping 40 million shares all at once is the best way to negatively affect SP and foment panic selling.
<<<<<< If the price hikes next trading day by three or four ticks I’m sure nobody will mention manipulation >>>>>>
LOL, SP artificially dropped and it rebounds, sounds like it confirms the manipulation.
The following line of my post must have been missed....
"This is Not how a legitimate shareholder would sell their shares"
The Dump of Tens of Millions of Shares in 1 Minute is an Orchestrated Attack with the goal of dropping the share price and creating shareholder panic.
This was done at 2:55 the day before a national holiday when there would be fewer investors trading in the Market.
This is Not how a legitimate shareholder would sell their shares.
Time Last Price Last Size
14:55:56 ET 0.0011 40000
14:55:53 ET 0.0011 45483
14:55:53 ET 0.0011 454516
14:55:52 ET 0.0011 40000
14:55:48 ET 0.0011 9626718
14:55:45 ET 0.0011 4000000
14:55:40 ET 0.0011 500000
14:55:35 ET 0.0011 500000
14:55:34 ET 0.0011 419999
14:55:34 ET 0.0011 80000
14:55:30 ET 0.0011 999999
14:55:26 ET 0.0011 10092
14:55:25 ET 0.0011 989907
14:55:23 ET 0.0011 4436160
14:55:21 ET 0.0011 9999999
14:55:19 ET 0.0011 7500
14:55:19 ET 0.0011 30000
14:55:19 ET 0.0011 50000
14:55:19 ET 0.0011 50000
14:55:19 ET 0.0011 18000
14:55:19 ET 0.0011 20000
14:55:19 ET 0.0011 15000
14:55:19 ET 0.0011 10000
14:55:19 ET 0.0011 100000
14:55:19 ET 0.0011 6950000
14:55:19 ET 0.0011 70000
14:55:19 ET 0.0011 1000000
14:55:19 ET 0.0011 4000000
14:55:19 ET 0.0011 1000000
Short Term Shorting is the Issue
MMs can take up to 13 days to cover a Short before they get slapped on the hand.
Plenty of time to drop a share price and then cover the Short at a lower price making a nice profit.
Hmmmm, Why would FINRA create RegSHO if there was not a Shorting Problem?
Regulation SHO
Compliance with Regulation SHO began on January 3, 2005. Regulation SHO was adopted to update short sale regulation in light of numerous market developments since short sale regulation was first adopted in 1938 and to address concerns regarding persistent failures to deliver and potentially abusive “naked” short selling.
Due to continued concerns about failures to deliver, and to promote market stability and preserve investor confidence, the Commission has amended Regulation SHO several times since 2005 to eliminate certain exceptions, strengthen certain requirements and reintroduce the price test restriction.
https://www.sec.gov/investor/pubs/regsho.htm
Morgan Stanley Agrees to Pay $5 Million for Reg SHO Violations September 30, 2020
FINRA settles with Ascendiant Capital Markets for Reg SHO violations
August 19, 2021
SEC Enforcement Turns Attention to Reg. SHO Aggregation Unit October 28, 2020 On September 30, 2020, the U.S. Securities and Exchange Commission (“SEC”) issued a settlement order imposing a $5 million civil monetary penalty in connection with violations of Rule 200(g) under Regulation SHO
JPM Securities to pay $300,000 for Reg SHO violations August 24, 2021
FINRA Fines Interactive Brokers $5.5 Million for Regulation SHO Violations and Supervisory Failures
Aug 20, 2018 — WASHINGTON – FINRA announced today that it has fined Interactive Brokers LLC (Interactive) $5.5 million for Regulation SHO violations
Hedge Fund Adviser and Associated Individuals Pay Over $8 Million to SEC for “Causing” Reg SHO and Dealer Registration Violations
September 7, 2021
FINRA fines Wolverine for short selling regulation violations
May 25, 2021
Merrill to Pay $850K FINRA Fine Over Short Sale Violations October 7 2021
SEC Charges BNP Paribas with Violations of Regulation Sho
Jun 29, 2020
SEC fines Tradition Securities for Reg SHO
Sep 29, 2021
LOL, Did you happen to check today's RegSHO Short Report?
<<<<<<<<<<<<<< 45.5 million dumped at .0011 in one trade >>>>>>>>>>>>>>>
I am sure it is just a coincidence that the MMs Shorted 45.4 million Shares today.
Date...Symbol..Short vol..Total vol
20211124|BIEL|45434531|89882423
https://cdn.finra.org/equity/regsho/daily/FORFshvol20211124.txt
Wrong Again, 11/16 closed Up 8.97%
<<<<< 100 MILLION SHARES TRADED ON EARNINGS DAY BUT THE DAY CLOSED RED??? >>>>>
Would have been Up 17% to .0017 but a 1000 share Trade in the last 2 minutes dropped the SP to .00158 .
Wrong Again, 11/16 closed Up 8.97%
<<<<< 100 MILLION SHARES TRADED ON EARNINGS DAY BUT THE DAY CLOSED RED??? >>>>>
BR, BIEL is a Public Company, the "owner" is shareholders
KW is the CEO and probably a majority shareholder given the conversion rights the IBEX loans give.
KN wants to see BIEL succeed. He has been working hard the last 3 years to make that happen.
Like Dr Staelin KN has made loans to BIEL to keep the lights on. IMO, if he is silent the silence is in the best interest of BIEL succeeding.
Why waste valuable time on BIEL if there is a ......
<<<<<<<<< complete lack of market interest >>>>>>>>>>>
In case it was not noticed BIEL is a news driven stock
When the news arrives so will the volume.
Nothing is happening this week due to the holiday.
Q3 2021 Financials ........... 101 million (11/16/2021)
Q4 2020 Financials ........... 655 million (2/19/2021-2/20/2021)
DonJoy ....................... 206 million (11/6/2020)
KT Tape ...................... 237 million (12/15/2020
Shipments Leaving BIEL Whse .. 134 million (8/28/2020, Buy/Sell 13/1)
FDA MSK Clearance ............. 489 million (2/3/2020)
News of Signed OEM Leaks ...... 311 million (8/8/2019-8/9/2019)
BIEL Update ................... 704 million (8/2/2019 & 8/5/2019)
As I recall Reddit was major factor in that move to 8
They showed up in early February, stayed for a few weeks and moved on.
One could argue that KN's tweets got their attention but they were always going to be a short term holder of BIEL stock.
BIEL never closed in the 8s by the way, it was always intra day highs that hit 8, .0074 on 2/11 was the highest close as the day traders bailed out in the last hour of trading.
It was definitely an exciting run but not sustainable no matter what KN/KW tweeted or RS stated in a Chairman's Letter short of a Partnership with the likes of a McKesson or GSK.
Big change from yesterday, 10 mil @ 12 Bid, 7.7 mil @ 13 Ask
Go BIEL !!!
Caerus Corp New Investment,PEMF Tech is Alive and Well
The Orthocor is a $680 hybrid prescription only device using both PEMF and Heat Therapy. The education of medical professionals, insurance companies, consumers on PEMF can help acceptance of ActiPatch/RecoveryRx, available at a much lower cost.
OrthoCor Medical Announces Formation of Three New Divisions
November 4th 2021
OrthoCor Medical, an orthopedic and pain management company based in Arden Hills, MN, announced a major reorganization that took place in the month of October. The company formed a trio of business units, each focused on serving distinct markets. The Government Affairs division will focus on governmental interaction and specialize in Veterans Affairs. Commercial Distribution & Physician Sales will expand OrthoCor's current national distribution, workers' compensation, and private payor initiatives. Finally, the founding of the Sports & Athletic Performance division signals a new commitment to supporting professional, student, and amateur athletes.
OrthoCor Medical represents Caerus Corp's focus on human pain management and orthopedic therapy without the use of opioids. "Our goal is to return people – whether they're athletes or people who were injured on the job, or in an accident – back to their normal routine and normal life," said Fariborz Boor Boor, founder and CEO of Caerus Corporation. "Return them there without pain, as fast and as soon as possible. That is our mission. Get people back to their normal life, without having to continue taking pain medication." Speaking about OrthoCor's expansion announcement, Boor Boor emphasized continuing to build the organization and hire additional personnel. "There's a lot of education that needs to happen on the sales representative level and also the physician level. That also translates to education for the patient. That requires more people on our end to reach more reps and doctors in the field."
OrthoCor specializes in the application of Pulsed Electromagnetic Field (PEMF) therapy for pain management and injury recovery. "PEMF therapy is a drug-free solution that works at the molecular and cellular levels by facilitating the transfer of calcium ions, triggering a cascade of biological responses that reduce pain and inflammation" said Wyatt Zulkosky, Electrical Engineering Manager for Caerus Corp. "This is unlike TENS (transcutaneous electrical nerve stimulation), which temporarily masks the transmission of pain signals." OrthoCor's on-site manufacturing produces a variety of PEMF devices, collectively known as the OrthoCor Active System. These products utilize patented OrthoPods that provide heat treatment along with the PEMF therapy. The attached orthopedic wraps allow the treatment of specific joints, systems, and injuries without interrupting patients' active lifestyles. Their products require a prescription..
https://www.ktvn.com/story/45125290/orthocor-...-divisions
OrthoCor Medical Announces Hiring of Joe Khalifa as Vice President of Commercial Distribution & Physician Sales November 18, 2021
OrthoCor Medical is pleased to announce the hiring of Joe Khalifa as Vice President of Commercial Distribution & Physician Sales. His position heads the expansion of OrthoCor's interests in workers' compensation to encompass a wider range of employers, private payors, and other markets.
https://www.einnews.com/pr_news/556674397/orthocor-medical-announces-hiring-of-joe-khalifa-as-vice-president-of-commercial-distribution-physician-sales
100 Percent pinhigh, Patients Need Alternatives to Drugs for Pain Relief
<<<<<<< Biel tech is needed in society! >>>>>>>>
And ActiPatch/RecoveryRx is one of those alternatives.
Drug Overdose Deaths Reached New High in 2020, Says CDC
August 6, 2021
"For July, that news came in the form of a Vital Statistics Rapid Release from the CDC’s National Center for Health Statistics. The release reported that in 2020, drug overdose deaths in the United States increased by nearly 30% over the previous year, reaching an all-time high of more than 93,000."
"Inappropriate use of opioids was responsible for nearly three-quarters of all drug overdose deaths."
https://www.aafp.org/news/health-of-the-public/20210806overdosedeaths.html
I ran across that issue a couple of years ago with Livia Jakman
Livia is a TENS device that was clearly designed and marketed for menstrual pain. It was FDA Cleared in 2017 with the following 'Indications for Use',
The Livia is designed for symptomatic relief and management of chronic intractable pain, and for temporary relief of pain associated with sore and aching muscles in the shoulder, waist, back, neck, upper extremities (arm) and lower (extremities) leg due to strain from exercise or normal household work activities.
No mention of menstrual pain or cramps yet that was their market. I had always read that anything to do with the female reproductive system was given extreme scrutiny.
In 5/2020 Livia got a second Clearance based on a 64 woman Clinical Study for menstrual pain relief. This language was added to the Indications,
The Livia is also indicated for temporary relief of pain
associated with dysmenorrhea (menstrual cramps) when used with over-the-counter pain medication
How they got away with selling it for 3 years without that Study I don't know.
BIEL has a 90 woman Clinical Study that showed significant menstrual pain reduction. So using Livia as a model for menstrual pain Clearance Allay should be able to get an FDA Clearance also.
https://www.bielcorp.com/clinical-evidence/menstrual-pain/
Another Serving of Baloney
Dr Staelin had one Loan Conversion in 2019, 6/14/2019 for 469 million shares, and zero Conversions in 2020.
Dr Staelin BIEL Loan History after 6/2019:
10/2019 .... $48k
12/2019 .... $40k
1/2020 ..... $100k
8/2020 ..... $45k
10/2020 .... $10k
3/2021 ..... $50k
4/2021 ..... $100k
5/2021 ..... $50k
______________________
Total ... $443k
In 2019 Dr Staelin knew that BIEL would need more Loans to stay in business so he Converted a portion of the total BIEL debt that he held so that he would have the cash to make new Loans.
One can put on blinders and criticize him for the dilution or view the full picture and thank him for keeping BIEL solvent and not Converting the vast majority of the debt that he still holds.
More Baloney, Dr Staelin has been and continues to be a strong supporter of BIEL
If Dr Staelin wanted to remove BIEL Shares from his portfolio he would not have Rolled Over $809k of BIEL Convertible debt for another 2 years on 4/1/2020.
He would have had BIEL convert those Loans to Shares and sold them as was his right under the Loan terms.
He also would not have accepted the COB position when it was offered in 2020.
The more plausible explanation for the $355k in Non-Convertible Loans is that as BIEL's COB he has listened to shareholder complaints regarding the Convertible Loans and removed it as a method for him to support BIEL.
Make no mistake, if the $355k he Loaned BIEL, which was to keep them in business, had been Convertible Loans the Usual Suspects would have trashed him claiming he was ruining the company with more Convertible debt.
Instead we get the lame 'Staelin won't accept BIEL stock' Baloney when he has been Holding and Rolling Over Convertible Loans for 10 years to reduce dilution.
Q3 Disclosure shows Staelin Trust is owed $809k from Convertible Loans
<<<<<<<<<<< he wanted to be repaid in cash only >>>>>>>>>>>>>
Date of Note ....Outstanding .......Maturity Date
Issuance ........Balance ($)
11/9/10-9/1/17 $ 809,795 ........... 4/1/2022
Dr Staelin has been Rolling Over Convertible Loans for 10 years.
Convertible Loans have a 2 year term so the Staelin Trust Rolled Over $809k in 4/2020 for another 2 year term, extending the Loans until 4/1/2022.
Dr Staelin is not afraid of being repaid in BIEL Shares.
https://www.otcmarkets.com/otcapi/company/financial-report/311484/content page 5
Absolutely Hawk
<<<<<<<< I’m of the opinion the RS came back to help BIEL succeed >>>>>>>>
Dr Staelin has been instrumental; knowledge, reputation, connections, financial support, in BIEL's accomplishments.
Good point Pro, different rules apply now that KW is CEO of BIEL.
https://www.sec.gov/reportspubs/investor-publications/investorpubsrule144htm.html
* COB Dr. Staelin has Loaned $355k to BIEL in 2020-2021
These Loans are not Convertible so they need to be repaid in cash.
BIEL currently has no cash.
Think he might know a few things about BIEL that you and I don't?
* None of BIEL's Convertible Lenders get paid Interest during the term of the Loan.
* No vote is needed for a Authorized Share increase or a Reverse Split but the company has to file a Public Notice of the intent do so, no surprises.
* The idea that IBEX, St Johns, or Dr Staelin can convert billions of shares and dump them on the Market is ridiculous. BIEL has to have a drastic positive change in its business/financial status for any of the major lenders to get their Loans repaid.
Only 1 MM on the 13 Ask
GTSM with just 1.2 million shares
Q2 GP $205k to Q3 GP $283k = 38% Gain
LOL, Lets take a Poll, how many businesses would prefer....
A) $120k in loan forgiveness
To
B) Erasing all of the disruption and lost business that Covid has cost them over the last 2 years
That money was offered by the government to help companies make Payroll,
avoid laying off workers and going BK due to the disruptions of a 100 Year Pandemic.
IMO, BIEL would have 2-3x the number of Partners and 2-3x the Sales Revenue had Covid not occurred.
Importance of COGS
'Cost of Goods Sold' determines how much of the 'Sales Revenue' ends up as 'Gross Profit'.
BIEL's highest 'Sales Revenue' this year was Q1, $599k.
However Q3 2021 with $414k in Revenue had a higher Gross Profit, $283k, than Q1, $273k.
So even though Q1 Revenue exceeded Q3 by $185k, measuring by 'Gross Profit' Q3 was BIEL's most successful Quarter in 2021.
BIEL accomplished this by lowering the 'Costs of Goods Sold' from 54% in Q1 to 32% in Q3. A major achievement considering the continued scarcity of chips due to Covid.
'Deferred Revenue' is not counted as 'Sales Revenue' until the products or services have been delivered
Why is Deferred Revenue not counted as Sales Revenue? The Sales transaction is not complete. Numerous things could delay the transaction or the customer could cancel the order.
So Deferred Revenue needs to be removed from your equation.
Q4: 521,789 sales
Q1: 599,970 sales
Q2: 412,585 sales
Q3: 414,667 sales
Q4 2020 and Q1 2021 saw the opening orders for 2 OEMs, Scott/DonJoy and KT Tape, so it is not surprising that they were the largest Quarters of the last 4.
Q2 @ $412k and Q3 with a slight rise to $414k, IMO, is 90% KT as there is no evidence that DonJoy is seriously promoting their EME Line yet.
So in addition to continued KT orders in US, UK, Australia, per a BIEL statement, we have the Bangladesh opening order in Q1 2022 and the Korean opening order in Q2 2022.
Additional demand but currently having no confirmed time frame:
KT has expressed interest in expanding into Japan and several EU countries. With BIEL's CE Mark and MDSAP Certification expansion could happen very quickly
DonJoy orders when they start serious promotion/store stocking
The SAI roll out of their 10 'Powered by ActiPatch' products, they were indicating a 3/2021 date early this year and then hit delays
RecoveryRx orders which provide a higher margin for BIEL
Recap of Q3 2021 Progress
1) First Profitable Quarter in BIEL's History - and this was accomplished amidst all of the electronic component shortages and supply chain disruptions that Covid has caused
2) First 9 months Revenue in 2021 saw a 463% increase over 2020 - any stock analyst will tell you that looking at the same Quarter(s) of the previous year is the correct way to judge company growth, this accounts for the seasonal fluctuations most companies have
3) Australian Partner LMT Surgical reports strong demand and efficacy for RecoveryRx - this excellent video showing RecoveryRx in use is from Australia,
4) Bangladesh Distributor Roll Out was delayed by Covid, now scheduled for Q1 2022 - Bangladesh is one of the world's fastest-growing economies and one of the fastest growing middle-income countries with a population of 163 million
5) Korean Partner is scheduled for a Q2 2022 Roll Out - 51 million potential new customers
6) BIEL is Working on a New Wound Pain Product and is seeking an OEM Partner - Chronic Wound care is a $10 billion market
7) BIEL R&D is Collaborating with Binghamton University to Develop PSWT for Depression and Anxiety - these conditions afflict 16 million in the US, BIEL has had a long relationship with Binghamton, Dr Ken McLeod of Binghamton is a member of the BIEL Medical Advisory board
8) Major Lenders St Johns & IBEX will Continue to Forgo Interest until at Least Q2 2022 - this gives BIEL breathing room to focus on growing the business
LOL, When BIEL closes Green tomorrow are you Wrong again???
"Closing red today" was a specific prediction for 11/16, the first trading day after BIEL released its Q3 Financials, and it was Wrong.
Nice try though.
Oops Wrong Again, Up 8.97 Percent
<<<<<<<<<<<<<<<<<<<<<<< Closing red today >>>>>>>>>>>>>>>>>>>>>>>>>>>
Buys = 47 million shares
Sells = 42 million hares
Neutral = 12 million Shares
Last 5 minutes of trading:
Buys @ 17 = 1.7 million shares
Sells @ 16 = 37,500 shares
Neutral @.00165 = 37,500 shares
Closing Trade = 1,000 shares @ .00158
(MMs are the only ones trading in prices with more than 4 digits to the right of the decimal point)
BioElectronics Corporation Reports Q3 Earnings, By GlobeNewswire
1 hour ago
Year over Year Revenue Growth Exceeds 463%
https://www.newsbreak.com/news/2435584159962/bioelectronics-corporation-reports-q3-earnings