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Thank you! Been sharing this story for well over a year and was discussing it with former management for at least 8.
"With the regulatory delays and living off the convertible notes and their bonuses, you are going to strangle the company."
"Nah....."
"And you will throttle the share price and the ability of large shareholding to even sell their shares!"
"Nah....."
"You put a few pennies in, you told me, and you're holding the potential for billions of shares, doesn't smell right, doesn't feel right."
"Well, when it started, we needed money and we never thought it would take so long, it's taken years to get the clearance, shoulda been months."
"Yes, it has, and I told you in 2008-09, it would take a few years and you laughed-'No way-I was crazy!'. Meanwhile, you turned a few months of a temporary bridge into a decade long share printing press and it has come back around.... now it's very public and very harmful to everyone, including your ....."
Silence. And that was that. "No, no, no", sound familiar???
Bottom line for me? How many clearances? All the blunders? 12+ years? A miraculous, safe pain device, living in the 000 toilet?
KK, you were a victim, same as everyone, only yours was right in your face. Now, you are your own woman, person, executive, leading BIEL. The past is in the toilet too.
So, realize, in spite of all the FDA clearances and the amazing, truly amazing, progress in only 9 months..., early October..., Christmas, New Year, and you rolled up your sleeves and you're getting it done, but the SP is languishing in the toilet! With Dr. Staelin's announcement re pending deals, and I respect and believe him, we are still in the SP toilet! Why?
Because with all the outstanding progress, the share structure is the burden keeping the SP in the 000 toilet, instead of up around 3-4 cents, where it should be. Forgoing your salary? Significant PR move. IBEX and St. Johns forgoing interest on their convertible notes? Significant PR move. The share structure? Buzzer please!
Fix that and fly.... it is the only thing holding success back. Oh, and BTW, the public, "If you call me, here's what I'll tell you" routine did it for me..... You can do this, I know you can do this. Make the mess you took over right! Go for a ride and think it over.....
Forgive me for imagining, 'What if?', it's what I do.
What if.....BIEL put together a fresh PPT Deck (have to presume they already have a few to draw slides from) dedicated solely to baseball, training and minimizing strains and other mild injuries.
Go to major baseball and make a deal - 10% of revenues to be toward retired players, trainers, equipment staff, etc.
Get the names and contact info for every influencer in baseball and every signed player, right down from the Show to High School.
Then do it for every sport!
Once the deck is done for each sport, mostly photos, the only cost to get the deck into every athlete's and staff member's email inbox is broadband.....imagine!
After fixing the share structure!
Except the share price of shares issued at the time the convertible note is redeemed is predetermined as at the prior date the loan was made..... I posted the article referring to this a while back.
So, if the prior trading price, at the time the loan was made, WAS, let's say, .0007, then the new shares will be issued at .00035, including the bonus shares. Using this model and $9 million loan, it would mean the issuance of 51,428,571,428.57 nrw shares.
Using a model of loan day trading price of .001 and redemption price of .0005, it would mean issuing 27 million new shares, etc., etc.
Therefor, using your trading price example, if the trading price is .005, at the time of redemption, you see the profit, all emanating from an original "nominal amount" no one can remember or substantiate???? No books or ledgers, accountants, bookkeeper or bank? Really? Hope this is clear now.
Wrong....not how it happened. In the past 10-12 years, with 7 billion people on the planet, is there one name that instantly comes to mind, who consistently said "No", to just about every profitable idea that came his way?
Ya just can't write this stuff or what really happened, for over a decade.... Sad thing is, we all got clipped, every shareholder, from and including the current CEO down.
To her credit, she doesn't whine and complain about it, not once that I know of, but she took huge hits.
It's an amazing story that has and can be shared again, in a dignified setting, over a couple of glasses of very good wine.
Nonsense? Really?
Try working the numbers at half the units sold, half the profit factor, half the PE Ratio and 65 Billion shares....the result just might be closer and less Never Never Land. It's the share structure baby!
KK Whelan didn't do it, but she and the BIEL Board are the only ones on the planet who can and should now remedy what was done to all shareholders, mostly to the Whelan family!
To be somewhat more conservative....
I constructed four models using your lead using 2 share structures - 65 Billion and 45 Billion. All other numbers varied. I don't want to share the details of those models widely.
My take? A long way south of 36 cents. See the quandary and why we are in the toilet, thanks to the past 10 to 12 years?
Psssst, do the right thing for all shareholders - fix the share structure foisted on us all by the former regime. Every shareholder is a victim, as explained earlier.
Orel Hershiser knows the benefits of ActiPatch very well. Always amazed, with him a shareholder, that nothing has been done so far within MLB. Mind you, that was under the old regime, I believe. I have faith Keith Nalepka is trying to get there.
Yes, another billion dollar plus potential market for BIEL.
There were a couple of posts, in answer to questions about HealFast and the PetnVet space, a few weeks ago. As is well known, many folks will lavish love and affection and costly care on their animal companions ahead of their own needs and we all hate to see animals in pain. HealFast is also magical.
To repeat, our team did a deep DD dive into HealFast and found it also to be very well managed now, with a lot of energy being expended on marketing by highly experienced forces, who, it is expected, will get the job done. A couple of our most knowledgeables must also be up to speed on HealFast, no doubt they can also inform us.....
Sleepin like a baby on HealFast, the BIEL management team has made some good moves there too...
"Who would not want to see new leadership, raiders or not?? This leadership has shown us nothing over the last ten years."
I truly believe that assumption about 'this leadership' is incorrect.
It matters not that Dr. Staelin was previously a Director of BIEL. Equally, it matters not that Kelly Whelan was titular head of IBEX, same setup for St. Johns. BIEL was a totalitarian dictatorship for >10 years.
Not going to get into this very far; it is hurtful for me and a few others to rehash what was obvious to a few who know the details. I happen to have liked some aspects of those many years, but all was not as it seemed.
I stand by what I'm saying. Those fully aware of my unique position of observing what went on, even seeing proof of it, know what I share is deadly accurate.
Dr. Staelin, Keith Nalepka, the late Mary Whelan, and especially Kelly Whelan, were all, in fact, totally powerless in the former regime. And victims, in varying degrees.
Now, thank goodness for all of us, everyone has moved forward and upward toward profitability! It is indeed a new era, not 'this leadership....of 10 years'. No, this IS a new leadership, freed of the previous shackles, when they were all powerless, to have any opinion, have any affect, on any outcome. Sad, but that's why we've all been in the toilet, all of those 10 plus years!!!
The unique opportunity Kelly Whelan has to both undo what was done to greatly harm BIEL shareholders AND ensure she and her family become very wealthy, is profound and it has to do with the share structure.
There are only a few fine people who know exactly what I'm referring to and they, like me, are observing quietly as this unfolds. For her sake, I hope she does the right thing in undoing a few moves that were made.
She, and all shareholders, will be far better off, if she takes the high road....I'm sleepin like a baby, knowing how quickly and easily it can be to do so and how far BIEL can soar, if she does.
Yup....so elated it's a new management regime.
Only thing now is for IBEX and St. Johns to relinquish what the SEC said were, "ill-gotten gains". Can't substantiate / prove the original nominal investment? Okay, let's calculate what that has turned into, in shares currently. And let's see if the $3.5 million taken out of the company by the former CEO was legit and get all the toilet past out of the way. He grabbed $3 1/2 mill, while many of us have been waiting >10 years for a cup of coffee???
As I've suggested, let 'em keep 5 to 7 billion shares, but convert current notes to conventional loans and let's go.
All the while ignoring silly references to hostile takeovers etc. Easy to protect control against raiders. Like there are raiders lined up to abduct BIEL! lol
Guaranteed, take it to the bank, the former CEO knew that NHS coverage of ActiPatch costs, making it free to patients, required a Physician's Rx. A proven fact.
It was also determined that there was no need to have NHS, free to user, and also OTC through pharmacies on a user pay basis. Fact.
Think about 4 things and where each figures in.....
Awareness or not that regional boards also have to approve and list items for NHS coverage to have effect in their territory;
The issue of BIEL required to fund marketing to Physicians and sales force training efforts and filling the sample and NHS supply chains with product in the UK before any launch;
The timing of pulling ActiPatch perhaps too early from retail, while having unrealistic expectations as to approval timing of NHS? In other words, was it pulled out of retail too early?; and
Where might the unbelievable mismanagement of allowing the CE Mark to expire, instead of simply renewing it, thereby dissolving BIEL's approval to ship product into the EU - the UK being a member of the EU...
..
It's called a cluster....
Wrong time, it was long previous to 2014.
I vividly recall much reading and discussions with the former CEO and many others on the innocent error by BIEL that FDA staff actually uncovered.
That, in fact, BIEL had erroneously claimed in its sincere understanding and belief, for years, that the efficacy of BIEL devices was heat related.
FDA scientists had discovered, after scientific testing and assessment, and advised BIEL they determined it was not. Former management fought the FDA claim tooth and nail for months, until the FDA scientists showed scientific proof it was not.
Only then did BIEL back down from its stance of empty defiance and follow the mature recommendation of FDA that BIEL simply re-file without the heat component, which is exactly what happened and thus the birth on non-thermal Short Wave Therapy, an FDA re-naming of the former PEMF. FDA staff believed there was a stigma attached to PEMF, which there was and felt BIEL really had something great, so it was renamed in a new category.
That is what transpired and no amount of protestation or obfuscation is going to change what I see in writing and what has been posted here many times over the years. My involvement in the board discussion began with post 29398, April 3, 2013. It was a revelation by the FDA, a sharp learning curve by all and I know I made 123 subsequent references to heat thereafter, including today. There were hundreds of others by interesting people here.
FDA made no error, FDA discovered an unwitting error and worked together patiently with BIEL to help resolve the previous misunderstanding and assumptions of the science! I also vividly recall stating to the former CEO, "Why are you arguing with the FDA, what is wrong with you? Say thank you and get on with getting to market and making money!" That was not the preference. . . . it was very strange . . . .
Brilliant! Couldn't have said it better myself. As a matter fact, I didn't. Thank you
And there are a lot of current shareholders who will join forces to preclude every possibility of a takeover by anyone.
Best perhaps to never be misled by fake news of fictitious takeovers. Of note, sadly, is the fact that the current Board and management structure and deals and forward progress only began after the surprise change in management in October 2019. It could have happened, in a better way, years earlier.
Only two things left are the SEC labeled "ill gotten gains" many billions of shares for IBEX and St. Johns convertible notes and the share price is still in the toilet.
No one is asking for anything unreasonable. If one cannot reasonably prove that there was a "nominal amount" original loaned to the company, then should the potential of those tens of billions of shares even exist?
If you can't present a ticket, you can't get any laundry.
Or, better still, "I'm pretty sure I won your lottery 10 months ago...."
Where's your ticket?"
"Can't find it, can't remember where I put it, no record of it, but I'm pretty sure those are my numbers...."
Under oath, "We have no evidence of the string of alleged loans to BIEL by IBEX or St. John's". No tickets = no shirts and no lottery winnings; no documentation = no shares. And don't ever forget the testimony of $3 1/2 million which had already been realized by the sale of shares issued as a result of earlier multiple convertible notes.....get over it may be a poor choice of words, in the minds of all shareholders.....fix it might be better.
I too share the pangs of atonement for introducing BIEL to numerous 'FF&E' - friends, family and everyone, based on the efficacy of the miraculous pain device, while being led down the financial garden path of profitability by the dysfunctional former management, while the deception of gaining many billions of shares was being perpetrated, for all shareholders to eventually carry.
This is why the IBEX and St. Johns interests, which, as stated under oath, cannot provide proof of source of the "nominal amounts" of original loans must, at a minimum, having already extracted millions of dollars, convert their convertible notes to conventional loans to undo the past transgressions and to have any credibility. How is it that those 2 interests and BIEL and the banks and accountants, at least 5 entities in all, cannot or will not provide proof of lending of funds for the original loans? How can that be? All 5, financial statements, receipts, checks, letters, bookkeeping entries, bank statements, and there is no evidence of the original amounts?
Guess what. That's just plain impossible! Without such evidence is solid proof that former management was way over the lines of propriety and respect for fiduciary duty and time does not undo what happened. And don't forget, numerous people know the original amounts.
Other real lenders, who received convertible notes as compensation for their real work, real services, and against real loans evidenced by real checks for real money, are now under water, unable to sell those shares without a 50% haircut by unscrupulous brokers, thereby negating any 50% bonus for their incredibly high-risk loans.
There are few secrets in life and it is no secret that if there is no evidence of real loans, then something was wrong! Very wrong. So, it is the obligation of current management and IBEX and St. Johns to undo those wrongs and make things right. And, if not, why not?
there is no proof of any kind, except it never happened and there was no offer, hint of offer, whisper of offer, thought of offer . . . . . . .lol
Had to stop what I was doing, when I got a call....too funny . . . . or, none of the above. I oughta know, I was there. LOL
In response, this is not speculation or a "best GUESS".
I would be totally astounded if BIEL reached even 1 cent, never mind "10 cents", with the documented capacity of reaching 65 BILLION shares or so, with the IBEX, St. John's, Whelan family shares generated by their convertible notes, taken into consideration.
All of which is why the Whelans should consider immediately changing their notes to conventional debt, go ahead, keep 5 to 7 billion shares and allow the sp to fly higher. Then, your "best GUESS" of a dime starts to make some sense. Math works, business wisdom works, everyone wins.
And don't listen to whispers of hostile takeovers, other real money lenders relinquishing shares, voting loss of control or other such inexperienced nonsensical fantasies. The share structure is out of whack, thanks to the former totally inept and defiant dictatorship management.
65 BILLION shares, no one in their right mind does that to themselves. And no memory or record of the nominal amount the former CEO engineered? That's not just self-dealing, it's short-sighted self-harming and all shareholders remain badly hurt, mostly the Whelan family! But, the fiduciary duty responsibilities were to minority shareholders! And, lenders of real money for convertible notes got hurt too, everyone owning anything BIEL is undersewage.
Thank goodness for Dr. Sree, Keith Nalepka, Kelly Whelan and Dr. Staelin, in the past. Without their pushback, although futile, all those years, we would be even further in the toilet, than we are, or broke, with the retarded share structure. Have a nice week in the toilet, fellow shareholders. And keep those masks on, it's stinky down in the triple Z basement.
No kidding. What finance major? Too funny for words. Total nonsense....
The numbers and loan structure are common, even considered typical, like it or not. Remember, the former management was bizarre, at best, something else, in the eyes of many. Compare the results, then, for >12 years and now, <1year! Actually, to be fair, since Jan 1 - 8 months!
Some have opined that it would be wonderful, desirable, for a financier with deep pockets to step up and fund BIEL to success. No problem. I asked someone I've been in deals with who knows the BIEL history a little.
"If it were me, even with better management now, I would put up $5 million, after reverse splits, down to 1 million shares, then I would want 2 million new shares for a total of $3.0 and 4 of 5 seats on the BoD."
So, the best way forward, in my humble opinion, remembering opinions can't be criticized or insulted, is to restructure just the Whelan debt deals to conventional, create a Strat Alliance to protect voting control, reduce the burden of the bizarre, stupid share structure foisted on the CEO, by the past ineptness and watch the sp rise. How so and why, one might ask?
Let the Whelans give themselves 5-7 billion shares. Why change the Whelan et al convertible notes and not the arms-length conv. noteholders? Because it is highly doubtful the clan put up anything much originally, other than phantom dough, and SEC testimony, undet oath, revealed they had extracted at least $3.5M in cash. Was it closer to or more than $5.0M? We'll never know. But do consider the former CEO may have shared how things were done......
On the other hand, all other convertible note holders, who received their conv. notes, in lieu of salaries or in payment for services, PLUS the few investors, who put up real cash, hard cash, to help BIEL, are under water AND have great difficulty or impossibility in selling shares without a 50% haircut.
All facts! And why, in my opinion, it would be best to avoid very costly conflict for the Whelans to do the right thing and keep everyone happy. And, given all the prevailing factors of the former regime.
Should be abundantly clear now why there was never a thought of a hostile or friendly takeover? It was all too absurd an atmosphere to consider such a thing, or anything for that matter, and the former regime wouldn't even consider a real BoD or doing 3 really great deals with Dr. Scholl's, CVS or KT Tape. Remember?
As I've said, company is being very well managed today, just have to fix the share structure, to do the right thing, for all shareholders, given the cash already extracted and avoid a cluster, seems to me. Don't ask if I care, I'll just watch, with interest, as things evolve, as they surely will.
Chicken feed, when compared to 10's of millions.
I'm also trying to illuminate that it may be extremely wise to do the right thing, very early, in order to avoid another protracted and dangerous battle with the elephant in the room, with unlimited deep pockets, particularly given the number of incensed shareholders.
As to empty and fabricated concerns about losing 'control', that is why strategic alliances are formed. . . .
Total hogwash!
"They need to overcome much of the perception they have given themselves due to all the frequent carnival barking in the past, with a more professional leadership manner and attitude. Investors don't forget and they need results to stay and/or come back in."
Yes, Yes and Yes!!!
I firmly believe the company is now being extremely well managed. A consummate professional in Dr. Staelin being appointed as Chairman, look at his Bio!
Keith Nalepka, VP Sales, also appointed to the aboard, has proven himself, with his colleagues, in delivering the numerous deals necessary to make BIEL profitable.
In my opinion, Kelly Whelan has grown immensely, since a difficult series of events, culminating in October 2019. Anyone presuming her road was easy would be mistaken. As shareholders our road was bizarre, how could hers have been anything but? Impossible situation, in my view.
She just needs to 'get' the numerous reasons for doing the smart AND right thing by amending the convertible Whelan notes to conventional interest-bearing loans, Whelans get repaid all they 'purportedly' loaned to the company and they and all shareholders win bigger, much bigger, by higher share prices.
Thank you. It is not my formula per se, I just composed a brief list of common sense elements any competent management would carefully consider making in order to stabilize a company in difficulty.
My only goals are for ActiPatch to succeed in helping pain sufferers. That will allow BIEL and, in turn, all shareholders to benefit. This is not complicated. The only thing left is the absurd share structure.
The Whelans and all shareholders will benefit more, if they can grasp from the math that it is more beneficial for all shareholders, mostly the Whelans, to convert the debt instruments to more conventional debt, as suggested. If they do it, they win bigger, if they don't, they don't.
All good. My saying I am 100% confident is still speculation, until we hear it from the company. I don't engage in speculation, except on very rare occasions on what price thresholds may be attained under certain circumstances and I don't gossip.
When I hear something certain, like the Whelan family has reconsidered their IBEX and St. John's convertible notes and changed them all to normal interest-bearing loans, because they did the math and concluded, like the rest of us have, that doing so will elevate the share price, so they become more wealthy as a result, I will post it. Otherwise, as I wrote yesterday, I've kind of moved on and focusing on other, more lucrative, projects. As I also wrote, "One of the team e-mailed me the info and simply thought I would share." I think sharing is good.
"Well I was mentioning about incidents not about brands or any kind of opinions. Leaks in this digital world is as common as we see"
There were no leaks that I know of, wish there were press releases that would help us all. Here is what I wrote - "The other deal entities are fairly easy to determine, with 100% certainty, from all the available information Steve. It is prudent to respect the need for silence, until appropriate for others to disclose. This is certainly not the correct forum for that. Best to rely on Dr. Staelin's press release for now, don't you agree?"
From available information.
"You disclosed the Medi-Launch deal because it was in a public forum. Don't you think the Company should have given us a heads up? (No)Do we find out important news moving forward from posters, it would seem that way. (Who Knows) Now we have been given another avenue of discovery for the other names by a poster. (So) Who do you think we will get it from first? (Who knows) The name has been out publicly for two weeks with a comment on the site from KN, is this the proper way for investors to get their info? (Sure, why not?) We stumble onto everything instead of official word. It's Tuesday, after a long weekend with no mention of the Medi-Launch by the Company. (SO?) Message board info seems to be the most reliable. (Who Knows) There are no secrets, only for shareholders. There is no such thing as silence being the keeper of secrets, when more than one person knows a fact it's no longer a secret. So to answer your question, no I don't believe in secrets, especially when applied to this Company." (Okay, I guess)
The other deal entities are fairly easy to determine, with 100% certainty, from all the available information Steve. It is prudent to respect the need for silence, until appropriate for others to disclose. This is certainly not the correct forum for that. Best to rely on Dr. Staelin's press release for now, don't you agree?
You've got it Hawk! And much more! Now, THAT'S a takeover! A thing of beauty.....and very, very few caught it. Same as Pet-n-Vet HealFast project - that one is even funnier.
Love justice - Go BIEL! Fix da Share Structure! Laughing.....and sleepin like a baby....
But, has anyone put in the effort and done the added DD and thought it through, as to exactly who they are? Doubt it. Massive body-slam of justice right there. Well done BIEL. Gotta love it!!!!
Now, apply that same brilliance to fixing the absurd share structure by converting the IBEX and St. John's Whelan family converible loans to conventional interest-bearing loans and we see 3 to 5 cents. Do the math, all shareholders will be way better off. Shareholders matter IMO.
no idea on questions....
Kind of moved on and focusing on other, more lucrative, projects.
One of the team e-mailed me the info and simply thought I would share.
Just simple research and a little effort. Our team found that, in a public forum, available for all to see.
Am I wrong to assume that everyone in the world has read this, from a few days ago, very carefully?
https://www.linkedin.com/feed/update/urn:li:activity:6703674673168814080/
Massive?
Nonsense, hype, based on nothing!
There are only 3 data sets that matter. Nothing else matters at all.
1. Understanding, internalizing and fully accepting that two identifiers, BioElectronics and ActiPatch, are irrelevant to the success of this venture now. There is no need for either, except perhaps egotistical;
2. Understanding, internalizing and fully accepting that only two identifiers; the successful Brand material and human assets behind each OEM deal and their Brand and financial power are important to the success of this venture; and
3. Sales! By the OEM partners, which will mean sales for BIEL!
There are no trains or planes, only sales generated by successful pain remediation Brand companies using a terrific pain device quietly supplied by BIEL.
And, I know Dr. Staelin to be a fine and outstanding human being of high integrity!
Dr. Richard Staelin's appointed as Chairman of BIEL, is the single most important event since the company's inception. His fingerprints are all over every FDA 510(K) clearance and he gets along with people, while building winning teams and concensus!
Suggest reading the revised post 234452.
Makes the situation even more laughable. Claims of investment holdings, potentially worth tens of millions of dollars require substantiation as to proof of origin, ownership and entitlement.