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What last minute changes to FDA rules are you referring to? Sounds like your are implying that the FDA is in bed with big pharma. I don't doubt that the "big boys" are worried about this type of drug free pain relief (PEMF) catching on, and that their market share might be in danger, however unless they have some FDA officials on the pay role, the BIEL patch will get an impartial review and most likely will get approved. I don't see how the FDA could not grant approval to BIEL for the Allay patch. In order for BIEL to have obtained their current 510K approval from the FDA they would have had to already prove the efficacy and safety of the patch. The Allay patch is just a modification of the Actipatch and fails within the meaning and intent of 510K approval.
Premarket Notification is used to obtain marketing clearance for a device that is “substantially equivalent” in safety and effectiveness to another lawfully marketed device or to a standard recognized by the FDA when used for the same intended purpose(s). Note that the concept allows for technological advancement; the new device does not HAVE to be manufactured from the same materials or perform its intended purpose using the same technology. In order to be eligible for 510(k) clearance, the new device must exhibit roughly the same safety and effectiveness characteristics as the “predicate” device to which the new one is being compared.
Based on the purpose and intent of 510K clearance, FDA approval should be granted for PMS use, and should be a slam dunk for many other uses. From what I've read the Ally patch meets all the necessary criteria. I Don't see how any FDA offical could argue against it, unless that person is being paid to do so.
Thank you! I just bought in at .004. I'm sorry if I misunderstood prior posts. Obviously the news is in reference to confirmation of a submission. I was just trying to get clarity on the matter, I wasn't trying to negative. I've researched Laidlaw before buying in, although sometimes the information can be vague. Appreciate the help!
What pending news is everyone talking about? Is it the news regarding the Berlin plant? I didn't know the application had been filed yet? When did it get filed, because it usually takes 9 months after submission for approval.
Naked short selling can be used to manipulate the price of securities by driving their price down, and its use in this way is illegal, however, the practice is considered benign under certain circumstances, such as trading by market makers.
In the United States, naked short selling is covered by various SEC regulations which prohibit the practice. With some corrupt entities that we have in the market these days, I wouldn't be surprised if this happened, though they would be taking a big chance and risking jail time by doing so.
I am also unable to find any information on the status of this Berlin permit? On the Laidlaw Energy Group website is does talk about the permit, but does not mention the current status. It does state this however about the permit, and how it impacts the completion of the project.
Commencement of the construction of the project requires approval from the New Hampshire Site Evaluation Committee. Pursuant to recently passed legislation in New Hampshire (see NH Senate Bill 140), a final decision must be rendered on permit applications for renewable energy facilities with a capacity greater than 5 mW within 270 days. Laidlaw Berlin is currently in the process of finalizing its application to the NHSEC.
I don't know how up to date this is, but if the site is up to date then the permit application has yet to be filed. Then they have to wait up to 270 days for a decision, after which time they can begin construction. It could be a long time before this planned facility is operational.
Maybe I'm reading things wrong, but it appears construction has not started on the Berlin plant. Does anyone know what the construction status of this plant is, and when Laidlaw plans to have it up and running?
Don't say I didn't tell you so.
I'm going to wait for a pullback which will happen very soon IMO, probably start tomorrow. This stock is overbought and due for a pullback. I like the enthusiasm of everybody here, but I'd wait wait for the pullback before adding a new position or to your current position. I believe the upward trend will continue, but this thing needs a healthy pullback first before continuing upward momentum. Look for a pullback to start soon.
Nor does anyone care about what you think either, so apparently that makes two us that need to go away, you first!
How high do you think this can go?
I would wait to buy more, it's going lower.
I'm in the process of writing one now, should be done later tonight and in the mail in AM.
I didn't mean price speculation. I meant all the speculation and theories about what will happen to the commons. I realize there are some brillant people on this board who have far... far more knowledge about trading stocks than myself and I don't mean to downplay anything they have contributed here. I'm just saying at this point in the game I myself am growing impatient, and need something more concrete than just theories about what is going on. I guess my staying power is at a turning point and it just needs a boost somehow.
Yes my staying power has wavered. I admire yours, but at this point as I pointed out to RJ, I need more than just hope and speculation.
Yes I still hold about 25K. I'm not deliberately trying to be a "Debbie Downer" as you so bluntly pointed out. I just call it like I see it. Sometimes you just have face the facts regardless of how painful they are. I'll stick around until the end of the month, but if the PPS hasn't regained momentum by then I'm out. I applaud you for keeping the faith man, I wish I had that type of fortitude, but I don't. I need more than just speculation at this point, though I do wish you and everyone on this board great success, I truly do.
This thing is dead!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I totally agree. I don't see the PPS going up much from here. I think things have peaked I'm afraid to say. I think the mentality of the MM's is to keep the PPS low to reduce risk prior to the POR. I believe that the 3rd quarter results coming, probably by the end of the week and the MOR results sometime during the middle of the month will have little impact on the PPS. I am inclined to believe that the uncertainty surrounding the commons will hold the PPS in a trading range until we see or hear something revealing which will give us a better indication as to what the fate of the commons will be. I do believe there is a deliberate attempt going on right now to keep the PPS in check, however I have given myself a deadline to prove my suspicions wrong. If the PPS hasn't moved over a $1 by the end of the month, I will close out my position in Chemtura and be happy with whatever profit I have, as I'm sure many will do the same.
Do you guys think positive 3rd quarter results and a solid September operating report will give the PPS a boast? I don't see the PPS moving much from here on out. It appears there are interested parties that want the PPS to stay under a $1, for what reason I don't know. Other than loading up on shares for under a $1 prior to the release of a favorable POR, what other reasons could there be for holding this back. Maybe interest in this stock has dried up and we've reached our peak. Maybe the creditors are conspiring to keep this down? Are there legal ramifications if the PPS gets too high? It just seems odd that the PPS has chosen this period to stall with the POR not that far away. I'm beginning to think that the MM's never intended for the PPS to go over a dollar, and are doing their best to insure that it doesn't happen again. Any thoughts, and please don't tell me we're consolidating or that we're just following another historical trading pattern.
95% + of the volume so far this morning has been buys, so why are we down? Manipulation 101 at it's finest that's why!
It almost gives you the impression that they are deliberately trying to frustate some into selling the shares by weeding out the impatient. Just pissem off enough they will sell kind of attitude.
Top three posts.
What your essentially saying is that you believe there are other parties with an interest in "not" seeing BIEL get FDA approval, and that those parties could possibly conspire with the FDA to deny BIEL approval on their latest submissions. Federal officials have been known to take bribes before. I think BIEL will receive their approvals, but I think those interested parties would be more likely to try and buy BIEL out, before they tried anything underhanded with the FDA, but then again, BIG PHARMA + $$$$ = FEDERAL OFFICIAL W/BIG BANK ACCOUNT.
Someone echoed your same sentiments a couple of days ago, don't recall who is was? That poster essentially said what if the MM's are expecting a favorable outcome for the commons when the POR is released, and are deliberately holding the price down in order to load the boat prior to the release of this favorable POR? I agree with you that this stock is being very carefully controlled for price suppression. If say the MM's had an unfavorable view of the POR in regards to the future of the commons, why not just let this thing tank, or better yet drive the price up, and then induce selling just before the release of the POR. It appears that there is more than just consolidation going on here. Something looks fishy, and I know a good fish when I see one.
The 52 week low of .0004 on 9/16 is the real test here boys and girls. If the PPS touches this low or goes below, I think the stock will tank. Thresher needs to release some positive news, and soon, otherwise investors are going to cut their losses and move on. Has anyone tried to contact Thresher?
This is so primed for a breakout!
That makes perfect sense. Cancel the old shares, issue new shares and increase the # of o/s with a higher PPS and everyone is happy, bonds are paid with equity and the remainder of the shares are retained by shareholders including the 30,000,000 held by Trian and ICC. They currently have what 242,000,000 outstanding shares? The number of authorized shares is a least twice that. This would obviously cause dilution, but there would be enough left over for us, and I could live with that. I'd be happy with a 1 for 3 dilution where I lose 2/3 of my shares, but in exchange received shares worth at least $5.00 each if not more. Once Chemtura emerged from bankruptcy Peltz's share of equity immediately would start to appreciate. It wouldn't be long before he had his 100,000,000 back while maintaining a controlling interest in Chemtura. Many have mentioned this could be a likely scenario, I think it is highly probable given the bond activity since chapter 11. This could happen right, or is this an impossible scenario?
I think BIEL has the potential over the long term to be a $1 + stock. FDA approval will give BIEL the ability to target markets with hugh revenue opportunities, which currently are unavailable to them. Right now the patch has approval for a very small amount of uses, with limited markets, and limited upside for revenue growth. The BIEL PEMF patch is a viable and beneficial product with practical uses. If BIEL is successful in obtaining FDA approval to diversify the use of this patch, the revenue potential could be huge, assuming they are successful at navigating their way into these markets. This technology has been around for awhile and the critics have complained that the technology just hasn't caught on, and that people are unwilling to adopt this type of pain treatment when it is so much easier to swallow a pill. I think that is partly true because of the limited uses of this patch right now, and the fact that people are unwilling to try different things, however if the patch is eventually granted the additional approvals that BIEL is seeking from the FDA, use of the patch hopefully will be able to address pain and inflammation associated with medical surgeries, chronic wounds, oral surgeries, sprains, strains, lower back pain, as well as chronic repetitive stress injuries and folks will have a much more effective and less costly means of treating their problems. This potentially could hold huge untapped sources of revenues for BIEL. Everything hinges on FDA approvals, success could mean big revenue, but BIEL will have to get the word out. If they can convince people that the product is a better alternative to pills and if everything else falls into place the PPS could reflect dollars rather than cents.
May turn out that the assets to liability ratio is far greater than what has been reported or it could be just the opposite. The judge can't make a decision on anything until the valuation process is complete and all the claims have been filed. One thing is for sure, equity needs a voice.
ICC and Trian aren't going to walk away from 30,000,000 shares worth about $360,000,000 without a fight, do ya think?
The approvals will allow them to diversify the use of their patches and give them more credibility in additional markets. If you go to SmallCapVoice.com look for an audio interview dated around 08/03/09 with an independent analyst named Carrie Synder who is covering Bioelectronics. Ms. Snyder's interview is very revealing and will give you an idea of what markets BIEL is looking to enter once it gets additional approvals from the FDA.
I agree, the deadline for filing proof of claims is the 30th, so I imagine no decisions will be made until at least after that date in regards to "who gets what". There is still time, though the clock is ticking. The unsecured creditors got a look at the 5 year and liked what they saw, but I guess the shareholders don't get a look. Hopefully an EC will get us some consideration.
You are absolutely correct, we're very low on the totum pole.
Thanks guys I knew I left a couple out but thanks for the additions. Why doesn't someone post the entire food chain.
I know, revised my post accordingly
1. secured- banks other financial tutes.
2. secured & unsecured- bondholders
3. secured- preferred shareholders
4. unsecured- "us" (common shareholders)
"We're at the bottom of the food chain".
Will the sellers keep selling at these levels? Can't sustain this range indefinitely, will have to make a pronounced turn in one direction or the other in order to persuade the sellers into coughing up their shares.
I agree, but I wonder if it will be allowed to runup all the way to the POR, or whether everyone jumps ship just before the POR?
I'm not making a forecast or prediction here but I'd like to offer some trivial TA info. The Bollie B width is narrowing and is currently @ .352. This level is slightly above where it was when the PPS ran from about .50 to the current BK high of 1.14 in less than a month. TA as of late has shown itself to be very unreliable, however this stock in the past has shown a willingness to repeat history. When the run I just mentioned happened the PPS had stayed in a .10-.15 range for about the same length of time we are currently looking at. It's possible this could stay in a trading range indefinitely, however if history repeats itself the PPS is likely to pop soon.
I apologize for this post ahead of time. I don't mean to ruffle any feathers or piss anyone off, I'm just trying to keep it real, and I don't have any type of agenda, other than commenting on a very touchy subject, but we have to be honest here, and realize worst case scenarios are possible.
To 'akswhy'
I agree. Since BK there has been nothing concrete to suggest the commons will survive. Other than speculation and circumstantial evidence we have nothing of substance to indicate that either an asset sale or refinancing will happen. As you noted 'akswhy' the survival of the commons is minimal without an asset sale, or perhaps refinancing. I realize positive news could happen in an instant that could put us all on cloud nine, but it hasn't. All this talk about an asset sale being imminent is just wishful thinking. I am guilty of the same talk I know, and I don't mean to now sound like my optimism is wavering, but you got to admit the silence from Chemtura since bankruptcy isn't good. I intend to stick around until I get a better indication of where things are going, but "if" the PPS drops below a certain point I will exit, as many here will as we come closer to the POR. I am holding out hope that the final outcome will be a good one, but it's looking like Rogerson and company will pay off the debt with means that will be disadvantageous to us.
When do you expect a PR in relation to the filing of the POR? November 14th is the end of the exclusivity period, unless there is another extension granted. I believe it was Chem 76 who posted an article that mentioned Chemtura planned to file the POR in Mid December. Does anyone know exactly when this will be filed, some say November others say December, this is confusing, and it help to narrow down the timeline.