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You might be their largest order this year.
Again, the point of this board is for discussion on the company, its products, and its management. Talking about the strength of their patents is absolutely relevant and on topic. It is my opinion that while having a patent is good, it will not ensure that a competitor, possibly a large pharma company, will not develop and market a similar product if they believe there is a large market for the product.
They have an advantage in possibly being the first to market if they are successful in clearin the FDA hurdle. They will need to develop a strong presence in the market before their competitors are able to bring their own products to market. If there is money to be made in this product category, other companies will find a way to capitalize on it, IMO.
The technology is the same, the form factor is different. PEMF is PEMF, regardless of how you package it. Whether or not BIEL's delivery system proves to be the best will eventually be shown in sales figures.
Here's a patent for a PEMF device designed to be sewn into an article of clothing.
http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=5&f=G&l=50&co1=AND&d=PTXT&s1=PEMF&s2=clothing&OS=PEMF+AND+clothing&RS=PEMF+AND+clothing
Like I said, there are many ways of creating similar, but different products that get around patent protection.
Not that I have reason to justify my posting to anybody on this board, but I never said I own shares. I have stated many times that I sold my shares in November of 2009. Been following BIEL ever since then as kind of a hobby. If you don't believe me in regards to the ineffectiveness of patents to protect intellectual property then do a little research on patents.
I also never said that that FDA approval doesn't carry any value. It would be a HUGE win for BIEL and would likely give them a chance to succeed in the long-term. However, anybody that believes that the company is worth $600 million immediately after FDA approval is incredibly naive in my opinion.
Lastly, I really don't care what you think about my reasons for being here, but rest assured that I am not buying, selling, trading, or in any way being compensated for discussing this company.
If his goal was to become "Fully Reporting and Transparent" then why gag the TA right before the JLO video?
http://www.bebevco.com/index.php?page=cms&id=41
There is only one reasonable answer to this question.
All of that information is prior the the TA being gagged. Nobody, aside from insiders, has any idea what the current share structure looks like.
Yes I do. Andy has turned down higher offers in the past.
I wouldn't expect "real" numbers to ever show up. BW will never led a 3rd party touch his books. Assuming he actually has any books and doesn't just make up the numbers out of thin air.
There are many ways around patents. All they have to do is make subtle changes to the product. Here's a company with a product similar to BIEL's.
http://www.orthocormedical.com/index.php
Do a patent search for PEMF and you'll find tons of PEMF related patents that could be used to create similar, but not identical products.
Do you honestly believe, even with FDA approval, that a company is going to pay $600 million for a product that has been available in many regions for years but hasn't been able to gain any amount of significant traction? Honestly, if big Pharma or anybody else were interested in pursuing PEMF technology then they would develop their own product and bring it to market. Yes, it is often easier for them to acquire technology than to develop it themselves, but for $600 million dollars?
While I believe BBDA's management to be incredibly inept, I don't think they're so stupid to release a PR about a specific deal with a specific distributor that isn't real. The trick, of course, is that signing an agreement with a distributor does nothing to guaranty that retailers will order the product. Unless there is consumer demand, then the stores won't order it and the distributor won't be able to sell it.
The main goal of these PRs is to name drop Budweiser, RC Cola, Walmart, etc. even though those brands have nothing to do with BBDA or KU whatsoever.
Interest waning...more fluff PRs needed ASAP!!!!!
Funny the company doesn't seem to think it is carried in those locations.
http://www.komaunwind.com/koma-unwind-finder
Why would I want to order that online when I can get the original version, Drank, at my local 7-eleven?
The transfer agent is gagged. Nobody knows the current OS or float.
In all of your one-on-one discussions with the CEO did you bother to ask him about the current share structure?
It wouldn't surprise me at all if they put out a fluff PR to try and extend this recent pump. The CEO isn't likely to squander an opportunity to sell some more shares, and this has been his best week+ since way before the RS.
Unfortunately true, but this one seems to be looking to set a new record for fastest to no-bid after a reverse split.
Well, it closed at .0003, so no-bid is just around the corner.
I would agree that audited financial statements among pinksheets companies are more the exception than the rule. However, the post that I was replying to was trying to compare BBDA to Microsoft and I was pointing out how misleading it was to compare the two.
It is the norm for companies to have their quarterly financial statements reviewed by an independent auditor. BBDA has not done so, and will not do so.
No, we are not in agreement because your response ignores a majority of the information in the previous post.
1) It is in NO WAY the norm to have financial statements prepared in house by a non-CPA
2) It is the norm for quarterly financial statements to be reviewed by the company's audit firm in accordance with AICPA standards
So, non-audited, non-reviewed, poorly prepared financial statements (quarterly or annually) are not the norm.
LOL. All you have to do is look at the gross income on the income statement. There is 0% chance that this company moved a half million dollars in product in the first quarter. ESPECIALLY considering the products were not available for sale anywhere except for the internet during that timeframe. Of course, I'm certain they're including the $178,000 in share sales in their revenue numbers, which although completely incorrect from an accounting standpoint, actually makes sense since shares are their primary product. IMO, it's fraud, pure and simple.
I'm expecting a selloff this afternoon as the traders that are left won't want to hold this thing through the long weekend.
IMO, people are still going to be dreaming about those $.02s when it's back in the $.002s.
I know that there have been complaints filed via the form on their website, and I believe emails have been sent to individual agents as well.
Don't worry, the SEC has been advised about this company in the past, they just don't move very quickly. This recent run might get them to perk up though.
To sell shares. That's the point of all of these PRs.
You're missing the fact that those financial statements were prepared in-house, have not been audited, and are incomplete. There is absolutely 0% chance that this company is profitable.
Maybe they're in China closing up those acquisitions...I kid, I kid.
A PR about an intent to conduct more testing? That was a waste of a few hundred dollars.
I wonder why the CEO hasn't provided a revenue update. According to earlier PRs, WordSmart revenue alone was going to be $12+ million in 2011, so they should have at least $5 million in the till already if you assume sales spike a bit in the 4th quarter. I've seen lots of updates on stocks that the CEO is paid to promote, but nothing on YESD recently. That can't be a good sign in my opinion.
Now this is a post that deserves to be stickied. Or better yet, copied and pasted into the ibox.
The faster this share selling scam gets back down to no bid the better.
The PR states that they are partnering with a Bud distributor. There are over 800 of those across the continental U.S. They aren't doing anything with Anheiser Bush directly.
Yeah, you missed the fact that they're not partnering with Budweiser at all.
I expect it to hit $.0001 way before it ever hits $.10. We'll see who's right.
I remember when this board actually used to attempt to provide useful information to back up the claims of HUGE REVENUES and a skyrocketing PPS. Lately it's just a bunch of copy and pasting of the same post over and over again. There doesn't seem to be anything tangible to harp about in regards to this company and that's a bad sign in my opinion.
Nah, I think I'll stick around and watch this ship sink. Hope you make your money before the inevitable occurs.
Yeah, that's the same thing folks around here were saying in 2009. History will repeat itself.