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Dang that looks better. Front?
Equity in profit of joint venture investment: $2,058
This reads to me like it should be the key number to watch, but that is WAY too low for me to be right.
Premier Biomedical 10-Q Link:
https://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=12084766
Google advertising is what I am most familiar with. Suggested bid for "CBD Oil" is $0.75 per click. That could get pricey. Not sure what FB or Twitter charge for advertising.
Back from a week in the mountains with no internet. It was nice to not think about anything for a while. Plugging back in this week and will be contacting Hartman with questions about our current situation.
Maybe the people bailing out of OW(P would like to join a company with actual revenue!
That is good money right there.
Executives give plenty of Fs because run-rate business is what pays the bills while they are off fishing in the deeper waters.
My business is suffering right now because we lived and breathed big project orders and did not develop daily business as well. When oil prices dropped, my business almost died.
It is all too common to mistake the small every day sales as inconsequential or unimportant.
I would say that at $1,000/day, the website more than pays for itself, and earns the company the highest gross margin. (Compared to distributor pricing)
Now for distribution sales...
It sounds like BIEI got an initial quantity to satisfy backorders and a short supply. More patches will be arriving next week, after which BIEI does not expect any issues in the future.
I do not expect to run out again, but it remains possible with exponential growth and a limited stock... until next week's full resupply.
That 10-Q cannot come soon enough!
One sneeze can fix that.
Today should be green.
What's the deal with the half a million pressure on the bid over the last couple of days?
His health records that I saw showed prescription beano, otherwise clear.
I asked yesterday if it would be days or weeks until the new inventory was available. The answer was days.
This is consistent with my thought all along. If they were planning replenishment based off of a linear progression, and had 2 weeks worth of inventory left, they would have been planning for new inventory to show up this week.
Agreed. We are on track.
Translation: If we cannot turn a profit, we cannot sustain the business.
That applies to every for-profit business, lol.
For the record: BIEI has once again been as transparent as possible and looks to have been truthful regarding the late 10-K filing.
By now, Mr. Hartman should be earning more of your trust.
The only update they have shared on the filings is what has already been posted. They expect them to be filed soon, have kept the SEC in the loop, and expect no consequences for being late.
In summary of my communications with BIEI over the past few days, I have been told:
1. The patches that have been shared were a stop-gap measure, aiming to provide pain relief to those seeking it.
2. BIEI has a plan for it's own lines, much like the CBD patch and CBD roll-on that were initially selling on the site.
3. There is a PR piece coming regarding the new products, but not until the inventory is there to support the demand to follow.
Takeaways (IMO):
1. BIEI still plans on having their own Pain-Ex product line. It will be THEIR products.
2. They have a plan for bringing the new products to market.
I'm still a long, adding where I can.
Valid questions. But I dont get buying from competitor in this case is my point. I'm hoping to learn more.
Look, I get it. When I run out of steel at my business, I buy and sell from my competitor's inventory.
Apples and oranges though. Steel is a dumb product for the most part. Premiere has a product that has it's own features, advantages and benefits. They are selling on IP and I find it hard to understand why they would sell someone else's product.
I'm waiting for answers.
In start-up business... there are plenty. Depends on what they are as to if it's good or bad. The cause for all of this effect remains STRONG SALES. We are in this position because the sales flew off the charts.
PB is trying to manage the stock out and keep cash flow going. How they are able to do that will be something to pay attention to.
I wont jump to conclusions though until the facts come out. As far as I can tell, this is typical, small-business, startup issues.
Please let us know what Hartman says here. Did it ship from PB or the other company? What does it smell like?
Hopefully there is a good explanation for this and this turns out to be a bump in the road. As a customer and investor, you need to be happy with how your money is spent though.
I got the same reply and confirmed that the SEC is up to speed with the delays and BIEI is not expecting any consequences for the late filing.
Encouraging words.
They indicated to me that the step up in sales was significant and blew through 2 weeks of inventory in less than 48 hours.
Also, BIEI noted that they used up about 2 weeks worth of inventory in less than 48 hrs, causing the stock out. I would expect inventory to start flowing again next week.
If we see a filing next week as well as inventory hit again, that will make for a nice week.
I have noticed that since investing in this company 2 months ago... BIEI is tight lipped about most things finance. You dont know about it until the filing hits.
I'll gladly wait for my answer from them, either in a email response or filing.
I concur, but have requested clarification from IR anyway.
News likely would have happened by 9est/10cst, in order to have greatest impact. I would not expect any news other than maybe online inventory replenished.
I'll take a sustainable run for now. ;) Let's break .0245 and stay above it.
It was a great day $BIEI! Hoping for more of the same tomorrow!
"Bought out" may have been in relation to be sold out on the website. I would not read anything into it.
Never mind. Misread my mobile app.
Someone has put out 1 million shares @ 012 and we are sitting at 013. ?????
Revenues make it runnnnn.
NEW PATCHES POSTED on painreliefmeds.com, no stock showing as of yet. STAY TUNED!!!
4 products offered online are currently:
Original CBD Patch - https://painreliefmeds.com/product/cbd-topical-hemp-oil-patch/
Original CBD Roll-On Applicator - https://painreliefmeds.com/product/cbd-topical-roll-on-applicator/
Enhanced CBD Patch (2 Pack) - https://painreliefmeds.com/product/enhanced-cbd-topicalhemp-oil-patch-60-mg-cbd-two-pack/
Enhanced CBD Patch - https://painreliefmeds.com/product/enhanced-cbd-topical-hemp-oil-patch-60-mg-cbd-single-patch/
I'll go ahead and drop that metric.