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I believe we are a deal or two away from being profitable. I see some high expectations and I agree that a few a million a quarter is reasonable. However, speaking from a lifer in the manufacturing world, the ability to make and ship and provide tracking of all of this stuff is a huge project considering how biel really is. Bill will help with the regulatory stuff but my point is a lot needs to evolve to get to where is even appropriate for us (millions a quarter in profit). Slow and steady
Yes, PEMF and the effects on cells
I don't think that is true Steve. I am actually in possession of Sree's dissertation and I can tell you it is extremely detailed. These things are not the same and our BIEL tech stands on its own. If you don't believe it then it's fine bu there is very detailed scientific proof.
It’s very exciting. Over active bladder will get some development attention soon - after we get in a better spot in the sales dept. it was funny I asked if there was any concern about the patent running out and AW said “unless Sree gets hit by a bus it won’t happen.” Sree has some ideas to tweak things to keep us running on our own. My original question to them about this was could bug guys come in and cut our legs out under us by copying the tech. The answer is obviously no.
Second that!!! DB flew the coop but we have the OG, JGD!
It’s like being on the Apollo 11. Hold on! Because...
You have to hold/buy Biel. These deals were turned down because they didn’t understand the power of the tech. Now, we know the baseline and attack for better situations. I think we neglect the power of the tech bc if it works then it works. Then you start to kill the pills everything. It only takes one to start.
It's just a renewal. It is very good news that Bill Monn is involved again. I am a lifer in the manufacturing industry and it is a hard stop in sales if you don't have ISO, CE etc. Bill has done this his whole life. They will get it done and it shouldn't happen again. When Bill decides to permanently retire then an outside firm will take care of these formalities.
Fair question. To be honest, I don't know what they are thinking. I am staying patient. I don't know exactly what the deals are and I don't ask very specific questions. I only need to know the summary and then I have to trust what they are saying to me and doing every day. I do know Sree is extremely intelligent and very talented. I thought the best thing that happened to BIEL in recent years was hiring Keith. I think Keith is worth more to the shareholders than some of these approvals. To me, it only takes one. They are in talks with two very large pharma companies on a partnership. I think they have the right strategy - find partners not customers. They have to. Their office is the size of a dentist office with very little furniture. It's hard to believe how they live day to day and have a completely revolutionary tech like this. I am on this board a lot like most people and I do not share the same sentiment that AW doesn't care about us etc. Every single time I reach out to him cordially he answers me in one day and he shows up in person or on the phone right on time. That's all I need to know. He has no clue if I have one share or a billion, treats me the same every time. There is a lot of negative rhetoric flying around and everyone has their own reasons why.
Good luck in your investment
Yeah GG agree. Some of these posts are coming across as desperate. There is always a reason why of which only they know. I am happy with my contacts at BIEL and to be honest we only need a just a little sales win for this to take off. Keep your eye on profitability. Then we get what we always hoped for.
Yup - I got a similar response however not nearly as detailed. Thanks for sharing
It is a chat board on the internet about a penny stock company where no one knows each other’s real name, so anyone at any time can BS. That’s why I developed my own little relationship with them so I can find out first hand. Not BS-ing so trust me or not. Like everyone else, just waiting on that first partnership PR.
I had a great 30 min call with AW and Sree this morning. I learned why they didn’t do the other deals but I am sure that is not news to some. I did get a resounding “yes” to my question if these two current opportunities for AP make us profitable. The unknown is still how fast will the ramp up happen. Their sales strategy (in short) is find partners with cash to help market. Before people start yelling about “what CVS isn’t big enough?” this kind of money wasn’t there.
Good news - if you are professional and cordial they will talk to you. Every time I reach out to them I get invited to have a call with them and they answer in a day or two.
Still holding and hoping
Wait a minute. I have high respect for you for all the time here over the years but you said you have been to board meeting at least five times. Was it also you that said this is your largest investment? It’s mine too. Daughter is “dumb” and family “hates him”? Real strong words for someone that is so close to these real people. If this is what you think then maybe we are “dumb” for giving such a man our money? I don’t believe this harsh negative crap. I am upset he cancelled these deals but I want to know what is inside and why. I have a call with him Thursday morning to ask my questions. We will see. Always keep it professional. This is getting out of hand IMO.
Go BIEL
Once again, this is a very strong idea to pose about a company when we met them a few times. Interventions are for loved ones in serious critical condition. This is a very small company that happens to be public to fund itself. So, the few have a decent sized voice. I mean saying a man has to retire now and all hell is gonna break loose if it doesn’t happen now seems too far. I am frustrated too but you know what you are holding.
As a professional one can choose better terminology
Yankee - lots of respect to your cause and your family connections. I am not surprised he answered the way that he answered. Was it right and insensitive? Yes. He did avoid an honest comment about your family. But that’s a strong email to send. We don’t work there so who knows. Seemed to me he is frustrated about that topic and I don’t know why we don’t do the deal. I don’t know the details of the deal. Me personally, I am not seeing much in this.
BTW - using “stupid” to describe deals is arrogant. Bad arrogant
Hopefully I speak for many of us longs but JGD you have been consistent and positive while posting a heck of a lot of info for years. Maybe we all meet up one day...
My thoughts too NI. There are quite a few that don’t like or get frustrated with the updates because they don’t divulge enough. My point is it only costs you a minute out of your day to read so if you think it’s BS then just leave it alone.
I wonder how long we will be here av. It is much better now than before but I thought I was joking when I told myself ten more years after feb of 17. I am thinking that might be true. It’s good and it’s bad though. Good is it’s the real thing and the only barrier is marketing now and not the fda. Huge check plus. Bad thing is we have to wait that long and I am sure go through a transition of power. Holding very very long like 401k long...A lot of us can make nice coin way before then but it’s the satisfaction of being right!!!!
What’s with you and heal fast? You never mentioned it before.
I gotta admit a paltry trip 2 tick is just painfully boring. I was trying to remind myself that today was just fun day until about 11 am. We have seen this before many times. Then you go right down. Then I thought, this is really news not execution. Execution with biel is the only thing that matters. Keith can kill it, Sree has been killin it. We now need to get out of the basement of a small office building in Frederick and get in to a serious operation. It’s frustrating and I am sick of Simps cut and pasting of the same language but there is a lot of truth to it. I feel like I have a PhD in BIEL stock trading but I sure as heck shouldn’t. Still haven’t sold a share, call me crazy Thinking that myself
Art this part always annoys me. They come flooding in and in a week they will all be gone. We can then get back to the true conversations.
Does anyone know how many RecoveryRx SKU’s there are? Average price?
Excellent throwback mj! Execution of business is the only thing that is left. Get your production and logistics ready. Maybe get some money upfront to support it and streamline your a$$ to maximize availability and profits!!
Wait...isn’t this the infamous hockey stick message coming from the fax machine?
Gramps - deepest condolences. Wishing you and your friends and family the best.
Had the feeling something good was coming. I increased my stake on Wednesday. Nothing like what you say but great timing. Really enjoying a little celebration now in warm Philly!!
Interested in seeing the next PR. We are one quarter of dynamite sales away from kaboom!!! I think 1 mil in sales in a quarter really takes us off. Interesting to watch the profit line to see if cutting out these middle men was good or not.
Got mine today!! Getting that pop feeling...
In the next week or two we hear RecoveryRx is approved. The pps will spike then settle, hopefully, above the trips. A lot hinges on these sales deals. AW wants BIEL to hold a strong hand in every deal bc he has waited so long. A transition is important but I am sure he thinks long term for BIEL. I am going to scoop up some more shares.
When we saw in 2017 when the FDA admitted this is a viable and effective tech we knew we had our stop in the big money. Sales opportunities are being handled poorly but even in 2017 the thought was now this is a complete transition. Yes, Andy has to let the daily duties go. However the means to succeed remain. Like always, and I hate it too, we have to be patient. But, while we are being patient, Andy WTF!!!
Bingo pin. I have hope as long as they are there. The day we see either of them leave and we have a triple zero pps is when it’s way too late.
Simps
Been here a long time too. It appears you have done some great DD. I missed happy hour to get in to the club but I will hit it one day. I agree, as a share holder, this is frustrating. Last time I saw AW he looked older and did not seem to me to have the raw energy to get this rocket ship in to outer space. He definitely had the godfather vibe. The people around him are incredibly strong. I wonder if he is a home run only guy. He wants full clearance and won’t sell to anyone unless he is maxed out. It’s such a chip on the shoulder sort of thing. However, you own a public company and unfortunately you have a lot of people to answer to. I think he thinks he profits when David puts the stone in Goliath’s head. That’s not the case for us though.
Hey Simps
It’s been a year since I visited. I never shared it before but my biggest worry was AW’s health and strength to continue. Everything else was positive and yes there are major concerns about lost opportunities but I saw this as the biggest red flag. I still bought after the bad news though. Something very positive must happen before he leaves and it’s not just FDA good news. Keith is a hustler and they need a hustler CEO before (hopefully) the company becomes so large that they need a typical visionary productive CEO. Don’t get me wrong, KN should not be CEO. He should stay still and keep doing what he is doing. Sree is in the perfect spot. AW has very strong Marine background so he won’t stop fighting until he wins. Only question is what does “win” mean to him?
Wow BigStick!! I do remember this. What a find! It was pumped up quite a bit back then - of course billions of shares ago. To me the last piece of this giant jigsaw puzzle is AW handing over daily operations. The office does treat him like The Godfather but even he knew when to hand the keys to Michael Corleone.
UK
My thought was if we get cleared for women who at CVS is going to stop a man from buying it? Seriously, what difference does it make? I get the sense from BIEL that this is just FDA BS and anything needs to be cleared. However, right now they can still move forward with the knee and heel device on the shelf at CVS like we have already seen. My question then becomes we know they need to wait for Big Pharma to help with money to get a proper launch off the ground. But who? and how? I think it's obvious they have a plan or else they would have tested the soft roll out. The whole FDA thing this week is a punch in the gut but the way I see it - I have 6 more months to not have to rush and keep buying shares in small chunks to get a nice average for the next hype session in early summer. I also share the same worry as you - what about some other dumb reason they throw at us like "you forgot on the spine and off the spine." If that happens again then either BIEL is completely clueless (unlikely) or the FDA really is intentionally holding it down and we need help from the innovation challenge which is hopefully a separate department of people.
Hi Srin
I remember these conversations as well when I spoke to John. In the early days there was a lot of effort done to keep the power wattage low because the second you create heat that can be felt on the skin then we don't get the new category that was created for this brand of electroceutical back in Feb 2017. It's a weird conundrum where you need to increase the power to penetrate at lower depths. The power is available in the device but maybe need some more electrical "muscle" to get to men's muscle for the therapy to happen. This whole thing is another obstacle that we have to wait through. Pretty easy to make a men's version with higher power if that is the real answer.
Yes. It's a foot device so we are all good. They just take too long. That was his comment and his frustration is that these big guys take to darn long...
Here’s a little nugget
Does anyone remember the meeting Sree went to in Idaho recently? Also a part of it, I believe, is a collection of hospitals owned by physicians. KN has them hooked and after clearance this is just another jolt. Maybe it’s one of the three orders?? Bottom line a US collection of hospitals wants actipatch. It could have been for post surgery I don’t know, but it really doesn’t matter does it?
For Longs, the question is when do you get out. I could see many more years. It could be ten more I don’t know but I won’t sell until I see the whites of big pharma’s eyes.