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I know it is ridiculous. But I don't know what is taking them so long. I think we are all tired of waiting.
No worries. This will trade between .04 to .06 in the next few weeks until we hear on the FDA news. Hopefully someday we hear something. I am optimistic it will be positive. If they have taken this long I don't see them rejecting it, but we will see. I just hope they don't approve it with some stipulations or strings attached.
Not really. It would hit every medical journal. Physicians are desperate for a way to treat pain without narcotics. It will just take off. Look at one reputable T.V. show did with Dr. Oz and BIEL did not pay a cent for it. If the product is good and works which is does it will sell itself. They may have to do some advertising, but nice try. GO BIEL.
Did it help?
Not a bad day for BIEL even though technically it ended down. I think we will get back to 0.005 soon. The dilution seems to have temporarily subsided. Hopefully if the volume remains relatively low we can say the dilution is done....but only time will tell. Very quiet on our board lately....but also not much to talk about as BIEL is awaiting FDA news.
Agreed. Shopping to do. Football to watch. Lots to be thankful for. BIEL is just in a holding pattern waiting on the FDA and waiting and waiting and waiting...............
Better yet. How about an FDA approval which hits every medical journal and free news outlet affiliated with medicine!!! Then people can buy it in the U.S. and the product works allowing this to spread like wild fire increasing the PPS without dilution or splits.... This is my hope for BIEL. Good luck.
Welcome to all the new posters here. It is good to hear from some new people. Ask your questions for BIEL even if it is old stuff sometimes it is good to bring everyone up to speed. Don't let people here intimidate you from giving your perspective or your insight. This is hopefully going to be a joyous holiday season for BIEL. If anyone has any numbers on sales after the re-run of Dr. Oz that would be great. Thanks, Gman
I sure hope your right. I am definitely loaded into the stock hoping and praying for the best.
that's a good chunk of change. good luck. I think we should have a run here at some point with anticipation of an FDA announcement at some point.
thanks for the update. especially for those of us who don't have a level II. I have an order in at .004 and it's not getting filled, which is fine by me because that means we are going up a little.
Yes, that is what I am afraid of. The fact that we don't know how much stock is owned by the Whelan family and does BIEL owe them for loans etc or stock/debt conversion. No one knows. I have gotten an email from Andy one time saying that he is more heavily invested in this company than is prudent. This could mean time and energy etc. or money I don't know. I think he implied financially. I also think that they have some stock as we would of had a reverse split already if not. Every other penny stock I was in for 2010 has either went belly up or done a reverse split. It feels like BIEL is different with investor updates and no reverse split. FDA decision soon is my prediction. ROFL
Thanks, I hope customers don't figure that out. That could cost the company lots of revenue in the long run.
I agree with you. But I am a little worried with having been in on three other penny stocks that reverse split and absolutely killed my position in them. Let us know what information the FDA sends you about BIEL. I would of never thought that the FDA could send people info on a product that they are reviewing.
Trading will be sideways. I could not buy today at .0037, but got shares,pretty easily at .0038. I keep hoping that people will buy in....in the next week or two in anticipation of the FDA decision. I think it is hard to anticipate what this stock will do when it keeps getting smacked down with dilution. Hopefully someone will give us an update on the share structure. I can call tomorrow unless Golden wants to. He has been informing us about it lately and we appreciate it.
Do you really think it will go that high (0.50)? I sure hope so, but can't even fathom that right now.
I am not so sure as dilution would hurt them as well in my opinion yet it is happening at an alarming rate. If everyone jumps ship with approval the share price will plummet. This is going to be an interesting ride and play. Good luck.
I bought some more today was Auto still on the ASK or BID?
That is why it is a risk. Hopefully it gets approved and the value of the stock and the company both go up (hopefully the value of the company does not go up without the stock going up as well). You know that going in and hope for the best. Don't risk more than you can afford to lose.....oh wait to late just have to wait and see.
The CEO did not deny dilution to me when I emailed him. The scenario of the reverse split is a big fear of mine as I am heavily invested.
If we only get to a nickel on FDA approval that will be very sad. I hope we hear something soon.
Also there was a post by Black8 over the weekend that got deleted I was going to respond to it today but I think it is gone. Oh, well there was not any truth to it anyway.
BIEL has several good products and the FDA approval should come at some point. I just hope that there is not any more delays or that they don't request any more information.
I do think it is pretty cool that BIEL went for OTC clearance and not just Rx approval which should help their sales tremendously.
By the way a lot of posts got deleted not sure why. Even if someone puts up a statement that we know is false it is sometimes good to see it and let us longs refute it. I would think there may be several misconceptions out there as other people out there who read the board may have thought of similar questions or opinions.
If this were the case in my opinion they would of already just rejected it. They would not of waited this long and asked for more information to let BIEL know that it would not allow their product to be OTC. It would of been a pretty straight forward rejection.
agreed a pretty close race I'm not even really a nascar fan but that's pretty cool points chase. I took my boys to the race in dallas a few weeks ago.
I agree with your come back.
Too bad BIEL can't advertise in the u s. the doctor Oz joe has shown that if you get the word out there is a demand for this product. I wish they could advertise and just put a disclaimer that it is not FDA approved, but is approved in Canada. some people on the board used to say how is U.S. approval gonna affect the price when they cannot sell the product in other countries. well simple test market that was done it shows it's gonna improve sales a lot. Go long BIEL.
I hope you're right and not full.of it.
he said no massive dilution. you have to be pretty naive to think it's not happening.I think it is pretty a irresponsible to be dumping shares at this time. I think a better choice would be to wait until the p p s has grown after approval and then use the shares to generate revenue to expand your business.
I think I agree but you kind of asked a question in the middle of that. if you been holding for years hopefully got in low or you averaged down.
yeah that was recently but before that a long tome ago they been higher. I'm pretty sure. but either way it's good news that they are finally up there. that is why I feel with approval and some exposure in the U.S. this thing with skyrocket.
that and doctors hate writing for narcotics, so another option for them to treat pain with would be fantastic..
thanks for the info. I thought someone had shown us that before they were up towards number 1. but maybe it was not as broad of category.
yes it is kind of an entertaining board. I use it to pass time as we wait for BIEL to do something. It kind of feels like a game of monopoly.
Imrichbeotch does not get to post anymore as his prediction for approval has not come through yet or by now. LOL. just kidding I just like to give him or her a hard time.
yes hopefully us longs will be rewarded at some point. you must of a few 1,000,000 more shares than I do. good luck.
don't you think AUTO is playing both sides of the fence. can't they buy on the bid and sell on the ASK.
sorry if it seems funny I dictat to my phone to post sometimes.
I know. everytime this even move .0001 it is a lot of money to me. I hope we get some news soon. this dilution is killing me
Agreed. It looks like it will move lower again and back down in the 0.0042 to .0048 range. Not sure why there is such a gap between the BID and the ASK. I hope the bottom does not fall out.
I feel like a kid who can't wait for Christmas to get here....I just hope we are not disappointed and open a package with underwear. LOL
Come on BIEL get FDA approval already.
I don't think so. I think the only Rx. product is the one approved s/p eye surgery for blepharoplasty.
I also hope you buy some stock at these levels and ride it out. Only risk what you can afford to lose. I would hate for you not to be along for the ride when this does take off as you have been such a valuable contributor to this board.
I agree with your post and also Golden's. It is a very risky situation. That is why I like it. There is a lot of upside potential to this stock. I think that most company's at this level are also usually trading at a higher level as they have better financials than BIEL and therefore getting in for a decent profit is difficult. Here we have a lot of upside potential and in my opinion it outweighs the negative, but I am also aware I could lose everything and have to start over.
I am also not sure about the management and how things have gone over the last year. That could be to my advantage as I have significantly added to my position with the extended time which could turn out to burn me or make me a lot of money.....time will tell. Good luck.
I know for a fact that Andy feels the share price currently is abysmal and he does not value the company based on any of the current trading prices. I don't know what he does value the company at.
From BIEL.
We have spent a sizable amount of money but nothing for what we have done. The average cost for development of a new medical device is $30 million and we have 7 devices with good research and market clearances around the world.
Can you give us some insight into Level II today. Is Auto still there and showing a lot of shares? Golden called and the share structure has not changed for a week. :)