Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
yep-
i had 40 bucks kicking around in my etrade account I used at the end to help the cause
I did get what you inferred before when you said Joe lied. I'm with you in not exactly liking what he has been doing the past couple months-
Thanks for the information about the meetings and their significance with clearance-
I'm kind of hoping that the meetings haven't happened yet 'cause silence from Joe and BIEL wouldn't be too encouraging
seems so-
I'm not going to lie but there is still lingering fears that they might still be diluting. this pattern was exactly like those the previous month before run-up. Joe said he believed the diluting was over but with it still being a pinky, you can only take it for what it's worth-
Still believe the next news to be of any merit will be about the Actipatch. It seems they did take their time and got the right people together to get that application together and it seems they haven't been queried about it by the FDA, so hopefully that 90-120 day span holds true-
Frustrating as it may be, we all could be in that mess called EVFN...
very surprised at the volume this morning-
as well as all the red
I agree very much-
It will be interesting to see how emerging companies do use these sites/outlets to help their stocks. You can see two very different approaches with FFGO and GRDO-
One stock is using tweets and PRs to drive interest and momentum in their stock while the other has built up an investors page that was recommended to them by investors which acts as a bulletin board for the company outside of PR releases-
Hopefully BIEL just tightens the reigns on Joe or simply finds a way to tighten it up and I think many people would feel much better about the current state of things
Twitter and other mass social sites no doubt will have an impact in the future, but as I said before, BIEL should not be blazing trails in this regard with investor relations. They are(presently but hopefully not in the future) a drop in the bucket compared to blue-chip bio stocks and for them to rely on reactionary media to convey information just makes me view it as more price manipulation(usually not intentional I believe) then information conveyance-
why not simply set up a page on their website dedicated to the investors to they can communicate in a professional and appropriate manner and not the simple page of facts they have now?
fragmented and misspelled tweets and message board postings are not exactly what I call appropriate for the company-
Moreover, Joe is only involved with media relations and doesn't work with BIEL. So unless what he says is verified with a PR from the company, what he says really isn't official per the company-
This is one reason I, and others on this board are not in favor of Joe using Twitter or posting on the YMB as 'unoffical PRs' for BIEL-
Not only does this foster disinformation but also makes the company appear pretty unprofessional-
I don't think there will be a shakedown on Friday whether there is a meeting or not-
BIEL has entered that sideways trading again-
But again this makes me wonder just how much power Joe wields if no one at BIEL will try and collar him from making promises/proclamations that are turning out to be untrue, even if he's being honest when he writes them.
We're just going to have a lot longer to wait. Hopefully the Actipatch gets approved within 6 months so the wait for the Allay is at least broken up a bit
must say-
it's been great radio and great exposure for GRDO and the board here
seems where re-entering the sideways trading again-
that low volume run yesterday was only good enough to get back to .07 and hopefully it ebbs and flows around that line-
that yahoo thread is an interesting read-
how much of it is true, who knows (this is the internet) but what it does bring back to reality is that BIEL is a pinkie and maybe they themselves were unprepared for what they were getting into overall. However, if the Actipatch gets approved in a timely manner, that would go a long long way in restoring investor confidence-
28 million shares for Joe though...that's a huge chunk of change for him if he sells now and even larger if he waits till after approval. if I had that many shares, I'd be very careful in anything I'd write in a PR-
seeing NITE at .012 makes me feel better about eventual-
never thought i'd say NITE would ever make me feel better
does someone just want out of the stock to put an order in so much lower then the other MMs?
And at least the pps seems to be hovering/bouncing off .068, so hopefully that holds as a support. Even though it is lower then most would like to see, it's still almost a 15% increase over the .06 we were at before, and hopefully some of the new money that came in with the recent pump stays-
I'm guessing there will be mostly sideways trading again until significant news breaks, or Joe writes something he shouldn't-
I'm guessing (hopefully) the Actipatch approval will make this bounce but other then that, it's a long wait for the Allay approval-
I kind of knew all the information you listed
but you listed it in a better way then I did which lead to my realization on what was bothering me with the stock...outside of the hundreds of posts here warning people about minimar-
you just made it easier to understand is all... and made me thankful I wasn't a hog on the last run-up and made some money off of it
It's true that a lot of companies are on facebook, but it's much more an advertising thing then a public relations thing. It is in that regard why I believe it's counter productive for Joe to use it as such-
Especially Twitter-
that service is more twitchy and reactionary then facebook and way too informal for a company to rely on.
Hopefully they will use these mediums for success, but right now they need to figure out how to use them
Since there might be an issue with the power of the patch-
Doesn't the FDA have some benchmarcks in regards to power outputs that they can use to compare BIELs to?
I think you might be on to something and that issue might have caused pause by the FDA, especially if the application was handled as carefully as the Actipatch application-
I would be curious to read a PR from the company regarding the meetings.
Guess nothing is that simple anymore-
Either way, the waiting continues.
well said-
that post finally made me have that 'eureka' moment i've been waiting for
I hope so, but I'm thinking it will still level out closer to .07 when it settles down, which is just under 20% from where it first ran-
and I agree-
the fact that there is a second meeting means there are some issues that is again going to delay the Allay patch, in my opinion.
(on a second note, didn't Joe say he was involved with that application, and if so, why wouldn't he be at the meeting? he had his fingers in it)
I also wonder how much the turmoil in the FDA in the late spring/summertime also is leading to the delaying of decisions. BIEL isn't the only stock that has been waiting a long time... go ask HEB or NEPH holders-
i do agree with nomonet though, that joes shtick is getting old. facebook, twitter, whatever, it still reeks as the action of a company that isn't ready to be taken seriously.
And also, how did Joe get to have so much power in regards to BIEL? someone have some homework I can look at?
Regardless, I had a strong feeling this was going to happen and I hope it's just a strong retracement and not a reversal. Just another day in BIEL...
i'll have to pull up the post again to be exact-
but essentially saying events would lead to a pop on the 18th
maybe it's too early to fully say...
but is anyone else spooked by merlin's predictions for this week...?
how so?
by making it close outside the triangle?
though I may have been born recently, I've been lurking a long time and have also held my shares for awhile now as well
(around May of this year) and
Their pending and subsequent FDA approval then is what got me into the stock to begin with and, even with the move all the way up to .12 and back, I've still held and will, just like all you guys/girls. It's just frustrating to me some of the recent actions-
But, relatively speaking, it's more like when you're in a long term relationship and the things that your partner used to do that got your attention and got you deeply involved with in the first place now slightly irk you after constant exposure yet you still ain't leaving them just cause they got a little annoying. That, combined with the pumping in the past week kinda tripped a nerve and I wanted at least a little surprise from BIEL but didn't get it-
Oh well, guess the surprise I'll be waiting for will be the letters FDA written on a little piece of paper in my emailbox at some point...
I don't even want to think what would've happened if they published the study and the results were remotely close-
It's more frustration boiling over concerning they handling of the FDA applications and now no news from the FDA meeting last week-
With the stricter measures being taken on FDA applications along with the seeming problems with the Allay app makes me think it might be even longer then we think (even the Actipatch) before approval-
And with that, I'm more concerned that the actions of BIEL, specifically the share dilution (especially that) and questionable pr actions, not only hurt our present bottom line but keeps dropping the ceiling on what can be gained on the stock unless an acquisition or a reverse split happens.
I'm going to duck out for the night-
Have a good night all and let's hope it's a green day tomorrow
I don't feel it is that significant cause it seems they pieced together the study the same way they (it apparently seems) pieced together the Allay FDA application-
It just sounds amateurish and with all the money they made dilluting the stock over the past few months, they could've afforded to do a study that amounted to more the a question and answer session with people after a strenous workout-
Also, I think that is what the people who bought in last week were expecting, while us longs were expecting something about the FDA meeting three days ago.
Just very frustrated right now-
we all know what the study was for-
I was just expecting something more then this, that is all i'm saying.
what it amounts to is they made people exercise, some took the patch and some took tylenol, and when they came back, they asked how they felt-
with that, I would expect nothing but spectacular results with such a simple study, and yes, the results were good, but it just smacks as more of a fluff pr then a solid case study-
nothing new at all
I was just expecting more and I didn't get it...just disappointed more then anything and I wonder if the recent run-up was betting on more then what was delivered(especially with all the hype it was getting), and if so, it could get ugly tomorrow
thanks-
I've actually been watching this since it was in the 003s, just never pulled the trigger until now-
but i must say this board for the most part is quite different from most here, and is actually worth reading with the candor and attitude shown by people here
agreed-
this pr is severely disappointing-
moreover the study itself seems far from scientific and more a general survey of people which in itself is always suspect-
does this really help thier FDA applications? couldn't they have found better information on wikipedia...
I'm worried about tomorrow. Sadly, this is the first time I've been worried about BIEL...Been here too long to leave now but I hope it isn't terrible tomorrow
damn...
after reading everyone throw in there share counts,
kinda makes the ~500k i picked up today to start almost nothing.
but hey, you guys have been a great read for the past few weeks, thought i'd get in on the (forthcoming) fun
The release of 3q finanicals isn't a surprise-
most companies have until the 15 or 30th of the month to release financials, and most have (like NEPH) without releasing PRs as such. I don't think those are a factor at the present time since, as we all assume with our presence here, the future revenues upon approval will make this figures almost embarassing, and as such they are inconsequential right now-
Moving to OTCBB is a long process and if they have started the process only recently (I'm not taking statements in PRs as proof, but the auditing of financials is a tangible first step) then I'm not seeing that as a good surprise, but something that is fully expected of a company becoming more transparent and one worthy of long term trust-
Joe will do what he will do about the meeting. Hopefully they cleared up any questions, but I just think it adds more time to the waiting game on that one. Though, this does make it much more likely that there will not be a dual-approval PR. It also makes me wonder which one of the two will have the biggest impact-
Regardless of these questions though, it is nice to see the company doing things most pinkies don't. That is why right now I'm looking more technically at the stock then fundamentally since the only thing left really that can impact the stock is approvals. That's why I'm hoping that if there is a sell-of, it settles above the valley that was established last week-
Nomonet I believe brought up the fact that the meeting was likely BIEL receiving a hold letter from the FDA regarding the Allay (not the Actipatch) and they needed to discuss things to move it along-
Joe's wording the YMB post that first broke news of the meeting at the week before the meeting (timing a run-up with it) had that same time of wording such as 'breaking the log-jam' and such.
I'm almost positive that either they will not mention details of the meeting of Joe will say something to the effect that things went well and they were able to make things clearer, etc... I'm sure they worked things out but I'm wondering of Nomonet knows that after this meeting, what is the time frame for the FDA to get back to BIEL with information? I hope this isn't a reset in the time frame the FDA has to get to them.
This is the reason why BIEL took their time with the Actipatch application and likely why Joe mentioned that the Actipatch might be approved before the Allay.
I'm not sure the 3Q financials will cause a run-up. Rarely do Pinksheets filings cause a run-up after, usually before their release. I haven't looked through them yet but what is the number of shares they have listed? How widespread was the dilution of stock and how much of that is the cause of the positive money flow?
I still think there is awhile to go before approval, but I'm hoping that the stock settles at a higher pps then it was before the run-up, which I believe it will, and that BIEL avoids near-term dilution because the number of shares is becoming a concern for me as a long-term investor
that's why I'm hoping that when the sell-off happens, it stays above the .06 it was before it happened...
Like you, I was discouraged it didn't get meaningfully above .10 before it tumbled a bit. I think the main reason it isn't hovering in the teens is the number of shares BIEL has added to the market more then anything else-
And moreover, because of the very public actions of Joe N., someone you (and I) have questioned in the past in his methods, in regards to BIEL, people know about this stock and have either staked their claim in the waiting game or simply show up for a trade play. This week was a trade play, but hopefully some of that money that showed up this week sticks around and doesn't disappear over the coming days-
You got to admit Ryoko, a lot of people showed up this week...
As i noted before, the sudden stop of volume today, then followed by selling keys me to believe the pps will drop, even with the impending news. Just following the history of the stock, unless the news is sudden and unexpected, like the filing for the Actipatch in September, the stock runs before the news and then falls from that high before it comes out-
I think it's simply a response to the way Joe N. has handled the PR, whether you approve of his methods or not-
highly doubt that-
how many times have you seem companies post great earnings/news that people knew was coming and then have a noticeable slide in pps?
all the 'good news' drove the price up over this week. even if the results are just good, not great, it won't drive the price down. This was a simple trade play this week-
And why did the volume dry up?
There were no more buyers. When everyone saw that no one else way buying into the impending news like Monday through Wednesday, the selling began-
I'm not calling doom or gloom, I'm just saying the stock was played this week and hopefully settles above the point it started running so it stays technically sound-
I'm going to be more concerned how far it's going to drop come Monday-
This seems like the classic 'buy rumor/sell news', which is sad. It's probably going to spike up a bit tomorrow morning and then sell off again. I was worried when the stock got tremendous attention on Monday/Tuesday on almost nothing news wise, as evidenced by all the people showing up on the board here that were very absent for a long time during the pps erosion-
(I lurk much more then I post like most but the explosion of posts this week made me very cynical)
Hopefully it levels off at a higher pps then the .06 it was when it started so it at least gains something off of the recent run-up, else it's going to be a rough wait till the approval comes-
Late-
I'm sorry about my error-
the markets are open tomorrow.
I got an uneasy feeling this is the standard
'buy the rumor, sell the news'
of the impending results from the tylenol study that is supposed to come out this week, or maybe from the announced meeting on Friday. The markets are closed tomorrow and if there is any news released, day/swing traders want to be in the best position possible, hence the low volume buying-
One of the other posters mentioned that this might happen and I think, since nothing has really happened in the meantime to warrant a buying spree, I'm tending to agree with them-
Not that I'm complaining too much, it's nice to see green again I'm just trying to temper the/mine enthusiasm a bit since we are all waiting on two specific things-
I don't think that BIEL will have an announcement after the meeting with the FDA-
(that is if it happens as scheduled... government never moves at the intended pace)
I don't think they would compromise themselves or thier shareholders by divulging any information discussed at the meeting. And, I highly doubt that the meeting is for the FDA telling them it's going to be approved. It's a good sign that things are moving along but I won't be waiting on pins/needles for information from it-
Though, it should be noted, the tone of Joe's post is very different from recent ones, and much more like the old releases