Everything I say is my own opinion. Do not interpret anything stated as investment advice. I am not a registered Financial Adviser of any kind.
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There it is again...
Market Price: 0.0266
Bid: 0.028
Ask: 0.0299
NO TRADES GOING THROUGH.
I haven't seen it this obvious is over a year of trading, last I saw it like this was earlyyyyy AVXL on the OTC.
-Lord
Please tell me everyone is seeing this...
BID is higher than the LAST SALE PRICE on the market yet NOT GETTING FILLED.
This has been occurring throughout the entire day.
This thing is so tightly held to the chest right now... any major, solid good news that can bring new buyers is going to send this thing into the stratosphere.
Good Luck to ALL
-Lord
Interview is about everything you could ask for as a long here.
Not much more needs to be said. Give it a listen and enjoy the future.
All signs pointing upwards this year.
This was primarily a reiteration of plans that were previously more on the side of speculation. Glad to hear a confirmation on their determination to protect the share structure here and pursue revenues this year. That little comment about $1+ SP didn't hurt either.
Good Luck to ALL
-Lord
I'm not talking about a period inclusive of the last two to three weeks, but rather the past week; which I add, is where you began this "trader's paradise" reference.
We have had a volume of under 1M total average and a range of less than 0.009 in that time frame.
I can agree with you on the period prior, however, where we had multiple millions in volume. It followed the technical patterns quite nicely during that time with enough push to enter/exit appropriately.
-Lord
I can know by doing a simple calculation based upon the high and low price times the daily average volume (under 1M shares) the past few days.
Is it that hard to presume a max trading profit under that calculation?
Discredited as a trader if you can't do basic math to find the bounds buddy.
-Lord
Did some deeper digging...
You trying to say this is a reverse merger candidate?
The first co merged was weak if so; not much value in that carpet cleaning business. You aware of any larger, higher revenue generating private companies that could come into play here?
-Lord
Right... so the shares are authorized to be issued... not actually issued at this point.
-Lord
March 27th is 90 days from the issuance of the first convertible note on Dec 28th for approximately $150K. This is the date that the note would become convertible for Redwood into shares at a discount to market price; hence affecting the current amount of shares O/S (although by a relatively small amount).
Your point about the 46M shares owned by insiders is the reason several more sophisticated investors are holding tightly here. The total shares outstanding, per the most recent SEC filing, are approx 80M. This leaves a float of just 34M shares.
From what I've gathered from my contacts on this board, in addition to my own holdings, I can account for another about 12M that are being held tight to the chest out of that 34M.
This leaves the max free float at 22M.... likely less, since I don't know how many of those holders are long as well.
This low float is why BIEI is set to fly on any significant news.
Good Luck to ALL
-Lord
This is only a traders paradise if you're looking to make micro sums of cash... the volume and liquidity are so low that any serious traders wouldn't play here right now. I'm talking sums of about $300 a day max, if you were to account for solely all the trading volume in the favorable direction as well.
Nothing new here, just the actual 14C as opposed to the PRE 14C filed on 1-4-2016.
This has all been digested, is in reference to the A/S increase on Feb 9th.
I want to reiterate again... this A/S increase IS happening and IS a GOOD thing for the company. It has NO effect on the current amount of shares O/S or SHARE PRICE; simply offers management MORE FLEXIBILITY in future business dealings (JV's) or financing arrangements.
The only time concern should be raised is when, if, actual shares O/S go up.
Feb 9th means nothing; March 27th is important.
The only way Feb 9th affects SP is if investors are ill informed and treat it as if shares O/S are affected.
Good Luck to ALL
-Lord
Someone is very late to the party here...
That news has been thoroughly discussed on this board. You should read back a bit.
Can I ask why you even care about an A/S increase anyway? The fact that this is such a big deal to everyone blows my mind. It has absolutely no effect on the amount of shares outstanding, and thus no effect on share price. All it does it allow management the flexibility they should have originally formulated the company with.
An A/S increase is actually good for the company; particularly when JV negotiations are occurring... an O/S increase, not so much.
Stock continues to hold strong day after day in these red markets.
Good Luck to ALL
-Lord
Absolutely, one of the strongest I've seen on the OTC in quite a while. It's consolidated quite nicely above the 50 day over the past week or so.
What platform or software do you use to analyze buys vs sells, if you don't mind me asking? :)
Thanks,
-Lord
The true date of reference here should be March 27th, 2016.
Not early February. Creating that expectation is going to cause unrealistic expectations for the stock. The A/S increase on February 9th IS and SHOULD go through.
March 27th, 2016 is the date on which Redwood could, at the earliest, exercise the convertible aspect of the note and force dilution (i.e., 90 days from the issuance of the first note on Dec. 28th). This, and not any action on Feb 9th, actually affects the shares outstanding and thus SP.
I'm uncertain as to why anyone gives any focus to the A/S amount. Most all sophisticated companies has an A/S amount in extreme excess of anything they would ever actually have outstanding, or up for offering. The A/S amount is simply an archaic mechanism from the olden days of doing business where news of changes in the share structure had to be mailed and could take several months to arrive (a protection against massive offerings going through completion while you sit in the UK awaiting your notice letter to vote). It is merely a formality given current day methods of communication. Most companies have this listed at some ridiculous number that could never be reached (like 9,999,999,999).
I actually hope the A/S increase on Feb 9th goes through, as it has no effect on current BIEI SP or O/S, other than providing management flexibility in future business transactions (JV's even; share offerings could very well be a part of these). Increasing this far beyond 1,000,000 - as is currently listed - would actually be the truly responsible action to take.
Long story short; March 27th is the date of note here, not Feb 9th.
Good Luck to ALL
-Lord
If anything... shouldn't it be a fun March, not Jan?
Also, to give everyone an idea of how little selling there is going on, we have yet to even trade 1/80th of shares outstanding today.
Lots of shareholders holding strongly here; essential for an OTC stock to succeed. The belief is there on this one, or at least the numbers indicate it so.
-Lord
I think your mind is in the right place, but you are off on a detail that affects the date you are referencing (Feb 9th).
The true date of reference here should be March 27th, 2016.
This is the date on which Redwood could, at the earliest, exercise the convertible aspect of the note and force dilution (i.e., 90 days from the issuance of the first note on Dec. 28th). This, and not any action on Feb 9th, actually affects the shares outstanding and thus SP.
I'm uncertain as to why anyone gives any focus to the A/S amount. Most all sophisticated companies has an A/S amount in extreme excess of anything they would ever actually have outstanding, or up for offering. The A/S amount is simply an archaic mechanism from the olden days of doing business where news of changes in the share structure had to be mailed and could take several months to arrive (a protection against massive offerings going through completion while you sit in the UK awaiting your notice letter to vote). It is merely a formality given current day methods of communication. Most companies have this listed at some ridiculous number that could never be reached (like 9,999,999,999).
I actually hope the A/S increase on Feb 9th goes through, as it has no effect on current BIEI SP or O/S, other than providing management flexibility in future business transactions (JV's even; share offerings could very well be a part of these). Increasing this far beyond 1,000,000 - as is currently listed - would actually be the truly responsible action to take.
Long story short; March 27th is the date of note here, not Feb 9th.
Good Luck to ALL
-Lord
Yep, stock is coiled to the max at the moment.
Shareholder base is holding very strong in the lull period.
Hartman needs to get the PR out before the conditions change.
Oh, saying I agree with you Apostle. His post is unfounded on a technical and fundamental level.
JV anticipation, RSI reset, and 0 sellers. No dump coming.
Also notice that its sitting .001 above the 50 day moving average; coincidence?
Been a while, but have to say I agree with this poster here.
Would love to hear a response out of you as to how this "dump" is coming given there are 0 sellers and a full reset RSI...
Of course, but an asset is an asset (although this one may be shared among the 2 companies; depends on the exact detailing of the JV). Whether it be in the form of cool cash or a factory that can be sold for cash, should affect valuation similarly. I'd say the factory format is even more favorable as it can be used as a cash generation device, unlike cash (until its spent).
What are your thought on the impact of this if not at or around cost?
-Lord
Correction $20M - $25M in Brazilian Real; which equates to about $7M - $8M USD.
Good catch, courtesy of drivan11.
-Lord
Anyone care to speculate a few future valuation scenarios while we wait?
The most common, and in my humble opinion - the most likely, JV to land in the near term involves Auramedi in Brazil. This venture would be for the production and sales of Felderex in Brazil.
http://www.valor.com.br/international/news/4272060/auramedi-and-premier-biomedical-aim-joint-pharmaceutical-venture
The terms stipulate that Auramedi would build a factory in Aparecida de Goiânia, in Goiás state, at a cost somewhere in the range of $20M - $25M.
In exchange, BIEI offers up Felderex and both bank off the corresponding sales of the product.
In theory, my thought would be that this deal, as it stands above, would add a minimum of $20M - $25M of value to the market cap of BIEI; as this is simply the cost basis of the new assets acquired in the factory. Keep in mind, I feel this is a conservative estimate, as it doesn't factor in any amount of future sales.
Thoughts are welcomed, want to get a discussion going so as to establish some kind of baseline for future value here.
Good Luck to ALL
-Lord
You misunderstand... this is simply the second installment of the total $1.6M amount to be loaned. There is no separate deal going on here.
As Hartman stated in the PR for this financing deal, BIEI is using the proceeds for operational funding and to consolidate outstanding debt. The succession with which these two notes were issued leaves but 2 options for its use, namely:
1) JV consultancy fees
and/or
2) Consolidations of prior debt
There is nothing new here, nor surprising.
Everyone needs to calm down and wait for JV news, just like before.
Good Luck to ALL
-Lord
Few things...
1) "Everyone" said it would bounce, not bounce hard. Guess what? It bounced.
2) The note holder does not have his shares. The notes are only convertible 90 days after issuance. First note was issued on Dec 28th...
Let's do some basic math. What date is 90 days from Dec 28th? Is that today? No. It's March 27th, 2016.
The fact that these notes were issued in such succession is (likely) a good sign; they are spending money on something. Let's hope it is legal consulting for the JV's.
Good Luck to ALL
-Lord
Looks like we're set to test the 50 day moving average again.
There's nothing to fix... the stock is holding exceptionally well given the high RSI (i.e., large amount of profits sitting on the table).
The future belief for SBFM remains as strong as any stock I've ever seen on the OTC per this one indicator alone. We've been in the "overbought" territory above 70 for almost two weeks straight now!!! That is unprecedented in my trading career.
If anyone has another example of an OTC stock where this occurred, please share. AVXL didn't even get close to holding this high of an RSI on its epic run from the otc to $14 last year.
Best of Luck to ALL
-Lord
Patent news rarely, if ever, moves the share price. Definitely never causes a sustained move unless there are other running theories behind the purchase or significance of issuance.
Everyone here was already anticipating the JV's coming to fruition something this first half of 2016; so that underlying aspect was already priced in.
Wouldn't have mattered when this was PR'd; after hours, pre-market, middle of the day. All the same.
JV news is what will make or break this one. Till then, I'm happy to see it simply hold the 50 day moving average, as that indicated the majority are with me on that news coming back positive.
Good Luck to All
-Lord
I work in IP. The difference is that allowance is one step prior to final issuance in the process. Hence, one would apply for a patent, then get a notice of allowance under certain stipulations or modifications to claims made, then undergo a discussion and buffer period to reconcile any differences before final issuanceof the patent.
The PR is significant in that it signifies a conclusion of the process and a valid, completed US patent in hand; whereas the prior PR simply informed investors that they were very near the end of the overall process for issuance.
Hope this helps.
Good Luck to ALL
-Lord
Cancer and Traumatic Brain Injuries (Concussions)
Given the media landscape, these are 2/3 of the best indications to be targeting currently. This is important when taking into account the political pressures that, in large part, drive the FDA decision making process. Everyone wants to be a hero; and everyone wants to get re-elected.
Government Grants, Patent Issuance, Academic Recognition, and FDA approval are just a few things that are beneficially impacted by being on the forefront of the public concerns.
The only big name indication we're missing is Alzheimer's/Dementia... o well, can't have it ALL.
Good Luck to ALL
-Lord
Anyone else here slightly amazed that this patent was granted? I work in the field of IP and can tell you that this is truly an accomplishment.
If you read the patent in the context of preexisting dialysis technology, one would think they got away with quite general wording on the process, almost to the point where this could be used to litigate on infringement against several other dialysis producers currently in the market.
This is why it helps to have a large government (especially military) partner in your corner.
Pieces are falling into place.
Good Luck to ALL
-Lord
Just thought I'd bring up the other massive indication (in addition to cancer) for this company's dialysis-type technology; traumatic brain injuries.
Given the amount of attention this area has gotten recently, the ability to treat concussive (possibly even long-term) concussive effects, would be huge.
Several large players that would love the PR out of a treatment system; NFL, Army, FIFA, UEFA, BPL, UFC... list goes on..
Still no selling.
Good Luck to ALL
-Lord
"Since 1987 Mr. Brown has been the President and CEO of Universal Garment Wash and Dye, LLC"
Everything I'm finding says that Universal Garment Wash and Dye, LLC was incorporated in 1998... Also, no SEC filings... once again...
-Lord
On a technical level, I agree. The fact that BIEI bounced off the 50 day moving average last week indicates the bull thesis still remains the stronger in this stock.
However, in terms of the fundamental aspects you mention (i.e., JV's), do you mind me asking where you "hear" these things about how they are close to finalization?
Have you emailed with IR?
Thanks,
-Lord
Thanks... although I'm uncertain as to why those shares being retired would affect the pricing of any of the free floating common shares.
It would probably be safe to assume the market has taken into account the actual free float; at which point the company would simply be buying back the restricted shares from their respective holders. Unless the value exchange of these buy backs is not at FMV, then there is no new value production for the remaining common shares, and the price shouldn't change since a value equivalent to the O/S decrease benefit has flown off the companies balance sheet.
So the next question would be... do you have any reason to believe these buy back exchanges would be slanted in favor of RVBR?
Side note: why aren't there any official SEC filings for the company... (red flag)?
Thanks for the responses, trying to give this one a fair shot, but there are still a few unanswered questions.
-Lord
Expound... are you saying they are going to have to buy back that large a chunk into treasury stock on account of some regulations?
Still not following what you allude to here...
They created a buffer as the amount required is subject to change on account of the relative nature of the notes to current market value of the shares traded. (i.e., if the market price of shares of BIEI were to go down from their current price, the notes would be able to convert into more and more shares as the conversion rate is based upon a dollar amount and not share number).
Smart to over-increase to account for this than to have to file again later if it were to become necessary.
-Lord
You realize that retail buys and sells go through MM's correct?
All of the theories about "this MM indicates this" and that "MM indicates that" are nothing more than conjecture.
Is that the only response to the points we've raised as to why it is not a valid argument? Any responses to the logic?
-Lord
Revenues from Feldetrex....