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Why so personally insulting? Please help me understand, as I don't see the need for it. Thank you.
No sizzle, no sales.
A bona fide scientific disruptive technology and sales remain in the toilet? Incredible.
THAT'S common knowledge- the reasons giver are bizarre.
What???? That's the dumbest explanation ever.
They need a webmaster who would simply put up a private URL on the main site to review or price match so as not to alienate sales partners.
Would love to know who advised you so they can quickly be sent packing. Small wonder the SP remains in the toilet.
Good thought, why not?
"A new, easy way to relieve chronic pain."
Even better!
Great post!
I have spoken with Dr. Staelin numerous times. He reminds me that nice guys are positive and do not finish last. They finish as nice guys. He put his money in and has been totally dignified, all these years.
And thank you for your usual positive approach srin. . . .
If investors inject 100's of thousands of dollars into a project and for those real dollars receive shares that have traded in the double and triple zero range for 15 years, are those gifts? Investments usually carry expectations of rewards. And does a continuing triple zero price make those shares close to worthless?
Don't get me wrong, I've said before, all the money invested by anyone is 100% of every investor's stake, but when it's 100's of thousands, the horrible performance is all the more shocking and requires 100% patience to withstand.
That is the situation with Dr. Staelin and a number of others here. 15 years! 15 long tedious years in the toilet. . . . And these are the reasons why change is necessary. Been saying that for 12.
Perhaps the value was more around the $40,000.00 mark??
$7.4 million seems a little on the high side. . .
The truth is a wonderful thing. Thank you.
"https://www.thinksport.co.uk/delivery.html “European Delivery Unfortunately, due to restrictions with our couriers, we are unable to ship items outside of the UK. We apologise for any inconvenience that this may cause.”"
Whaaaa? Restrictions with our couriers? What crap!
And briefly reading the link, says 'currently not available'
Would everyone please relax?
Traded <$40,000 in value today.
Anyone would think $100Million changed hands before noon.
Krazetok
Never blame anyone, not even yourself.
First Golden Rule of a successful executive contained in the '15 Golden Rulesof a Successful Executive'.
Author Known
Beaurocratic error, my butt. Find the solution.
LMAO, as relating to BIEL.....
Lose Money Andy Ouch
<$10,000.00
Yup, massive
Taz, my sense she is not 'going to sell this company', because she simply can't. It's a publicly trading entity with multiple stockholders. She can sell her interest or that of the Whelan family. But, wouldn't she want success, rather than continued failure?
But, first things first. She would perhaps be wise to move a few chess pieces around first, in order to test the obvious long-term constraints on BIEL and to try to position the company for a rise out of the SP toilet its been mired in for well over a decade. The moves I would consider trying might be......
1. Cancel, just cancel, at least 75% of the bonus shares the Whelans claimed they're entitled to resulting from fantasy (falsified?) loans made by the Whelans to the company many years ago. The former CEO testified under oath, before the SEC, that they had no proof the purported loans were ever made! No documentation funds ever moved from their banks to BIEL's bank. No checks, no bank statements, zero. In my world, no tickee, no laundry. False. Facts.
2. If the current CEO simply steps aside from the 2019 self-appointed position, then the clearly overpowering profile of prior self-dealing, portrayed above and the red flags of SEC revealed self-dealing and nepotism tainting BIEL vanish and BIEL is reborn! Facts.
3. The former CEO sadly left us early in October 2019. He is credited greatly, as he should be, for tenacity and vision, with respect to BIEL, as a startup. But, it was not all roses and anyone who thinks it was is wrong. Facts.
4. In 3.5 years, the SP of BIEL has not risen out of the toilet for one second. Anyone who thinks it has is wrong. Facts.
5. In 2019, a pretty cool multi-faceted plan was submitted to the former CEO, that would have enabled BIEL to instantly shrug away the tainted effects of many years and evolve successfully, as it should have years before - viable deals, growth in sales and profitability. That plan was stubbornly rejected, during a time of rapidly diminishing faculties, one of the major underlying management issues at BIEL. Facts.
6. Changes in management to eradicate self-dealing, Founder's Syndrome and nepotism are highly successful moves in any business, except family farming and fishing. These maladies in business are huge red flags to be avoided. BIEL, unfortunately, has been burdened by all 3. Facts.
7. My money is still on Dr. Staelin, the major financial benefactor of BIEL for the last 3.5 years, and Keith Nalepka, to manage BIEL out of the basement toilet its been in for years. Fact.
8. What is there to lose by change? Better question, what is there to lose by not? Only an idiot doesn't change their mind. I once said that to a man who refused to make recommended changes in a company that was a toilet dweller. He never saw the success story he should have and could have. Couldn't get out of his own way. I don't want that for BIEL Ver: 2023.
9. ActiPatch is a brilliant disruptive technology, in the truest sense of those words. The label 'Disruptive Technology' was originally founded related to the scientific space, which epitomizes ActiPatch. Drug-free, affordable scientific breakthrough in pain management, cessation of pain causing edema and stimulation of healing at the molecular level for hundreds of millions of pain sufferers globally. Facts.
10. BIEL has the patented, FDA endorsed ActiPatch, no one else. And yet, for over 10 years, the company has been unable to create and manage success? Does this mean we are bordering on stupid? Well, the one thing ya can't fix is stupid. Facts.
I hate wasting my time these days on stupidity. I hope my efforts register somewhere, in fertile and creative minds and create at least a curiosity of what it might be like for BIEL to become successful, on the old adage that the only thing that is constant is change. I'm tired of BIEL being in the toilet - a toilet dweller. Is anyone else tired of it? Only an idiot wouldn't want to change that label!
5......
Who in their right mind would want to be in this for years?
Forgetting 2008 to 2019, when the former CEO departed, nothing of serious merit affecting the SP, in a positive way, has happened, under the current CEO.
Clearly, the project requires action. Inaction has given all stakeholders the predictable and appropriate results - zero.
That will only continue until the current CEO decides that change must come. Until then, nothing will improve. Who does this to themselves?
IMO it's not what should the CEO be doing differently. Is it not a matter of asking and answering a more fundamental question - was and is the current CEO the right individual to lead BIEL out of the .000whatever toilets its been in for many years? And, if so, why so, given the disastrous results?
The former CEO has been gone since 2019. Someone wisely observed the current CEO was self-appointed at that time. By what rationale and with what experience and credentials? Doesn’t take almost 4 years to assess. More like 4 months, max!
Does anyone know the sentiments of the current CEO? Who in their right mind would not reflect, 'This self-appointed nepotism ain't working, what are my options in trying to achieve success, for me, my family and BIEL stakeholders?'
Looked like good common sense to me.
Great......
1. Unsatisfactory management of government status;
2. Total lack of effective communicarion with stakeholders.
We're getting somewhere.
The CEO is accountable for all results....
Thank you
I agree, but there are many facets to this....
"Just trying to get some opinions and scope on, "The problem is that she's so incompetent....."
How so? I've been out of the picture for a while. Thank you."
Tks for the reply - you've given 4 good, solid opinions, stunning disappointment, brink of failure, situation is hopeless and business model is incapable. I agree with the 1st, the rest are pure speculation.
I recall when BIEL had a great team, but it was irritatingly dysfunctional for many years, because of the former CEO's dictatorial management style and Founder's Syndrome - couldn't get out of his own way and deaf to great suggestions by others, including the current CEO!
IMO, the destructive style disappointed all concerned. We were all victims; potential partners, retailers, customers, regulators, employees and stakeholders and cost stakeholders many, many 10's of millions over the years, to where we are today - the .000whatever toilet!
But, Dr. Staelin and Keith Nalepka were always highly positive to the project. These are the facts, as I know them to be. Not opinions or speculation.
What I'm looking for are factual answers to my 'How so?' question. You say the current CEO is incompetent..... How so? And, if so, please provide examples, other than the financial failure, which I'm aware is the ultimate baromenter, when reviewing CEO performance.
Pretend this is an HR middle management corrective interview..... How is the current CEO incompetent, with specific examples? What changes would you recommend to manage BIEL out of its decade plus SP toilet and when?
Thank you
Just trying to get some opinions and scope on, "The problem is that she's so incompetent....."
How so? I've been out of the picture for a while. Thank you.
For a decade and a half! Close your eyes.....
Imagine you have ownership of a patented device for pain, okayed by the FDA and health regulators, in a dozen other countries, that reduces edema, mitigates pain and promotes healing at the molecular level, while selling at a fraction of the price of destructive drugs, that do nothing but mask the pain and generate negative side-effects, for hundreds of millions of pain-sufferers globally.
Jump ahead 15 years and sales are <$100K per quarter, the shares of the public company are trading at .000whatever and the ship is floundering.
Only 4 reasons: Political or Big Pharma corruption; DNA and nepotism; a need for change at the top; Founder's Syndrome; or some of all 4. The only way to combat the reasons is change!
I was a major proponent, for years, of the buzz words, 'patient', 'soon' and 'Tsunami', and proud of it. Full of hope, supportive, offered help countless times, financially supported, insulted no one.
I helped fashion a viable success plan, with several others, proposing financing and a brilliant management team, before the former CEO left this world, with due credit for the early FDA successes, but he detrimentally fought with the world his whole career and defiantly rejected the success plan with zero thought - Founder's Syndrome.
And here we are, still in the toilet, a SP of .000whatever, in the basement, in the toilet.
Political and Big Pharma are non-existent issues, leaving DNA and nepotism and a change at the top, the only areas not tweaked in >15 years......
To not address those issues after 15 years is financially self-destructive stupidity. Founder's Syndrome?
Guess what - ActiPatch is still a wonderful, disruptive technology, waiting for success. Had the recent success plan been implemented, well, here we are.....
Respectful correction:
"providing income for the whelans while maintaining a connection to andy, the dead pater familias"
What income? Everyone involved must have BIEL as a side-hustle, otherwise they would all have starved long, long ago...... a river of red ink.
The only thing constant in life is change. So is it time yet? Not to would represent the epitome of insanity, - doing the same thing, etc., etc.
Getting sad when there is apathetic aversion to simple change, which could well create a pathway to creating wealth. I searched for reasons not to change. I went back and listened to audios of Keith Nalepka and Dr. Staelin and reviewed their bios. Nothing but positive! Yes, time for change, if anyone likes $$$.
As I said just a few weeks ago Tazzer, I sense something imminent. Not soon, that was always positive, hopeful, wishful thinking and was pilloried for it. Unimportant, of course.
No, this is different and can't explain it, just a strong sense that it's time to be creative, to make changes, to more effectively manage the BIEL SP out of the basement toilet its been in for far too long. Now, it's just plain dumb not to.
How do you know for certain that is the truth? Thank you
I edited the last......
It's always a good thing to be quiet - silence is powerful.
I have no facts either, just my senses, a little business experience and speculation. They lead me to wonder if, since the demise of the former CEO in October 2019 and we are now on 3.66 years and nothing has happened to enhance SP, is it time to make a change? Only a moron would say no!
I knew the former CEO well, from 2008 on, and there is no questions as to how we all credit him for keeping BIEL alive. I also attribute the SP and everything else to him and his business style. That's how it rolls as CEO.
New day and new CEO November 2019. Fast Fwd April 2023, BIEL SP is still languishing in the toilet and sales are there too.
I was a willing participant before Oct 2019 in a plan, involving a group. I have the document presented to the former CEO. It was rejected in 2 minutes. There are a thousand details that should and will never be made public (except in a 'How Not To' book for a good B School).
It's soooo time to efffectively manage BIEL out of its toilet, and the way forward has not changed! Sales, Profits, SP! The really bizarre thing? It's not so difficult! Experience, talent, skillsets, diplomacy, negotiating skills, touch, a plan..... a viable plan....
As to BIEL, the business topic at hand, who can know anything, or be sure of much, except that ActiPatch is a patented, drug-free, analgesic device that also reduces edema and promotes healing at the cellular level, using a disruptive technology.
I am 100% positive that something in the management structure is not working and it is way past time to remedy whatever it is. It's unwise to ever say too much on a public social media forum of strangers, but .0004 after 15 years is plain unaccepable. That is my opinion and I'm sharing it, if permitted. On a proactive theme, what can be done about it?
But what happened to the right of every investor to buy and sell stock at opportune price levels and timing most advantageous to them, as individuals, without criticism for doing so.
As long as there is interest and optimism, I don't care what folks acquire stock at, as long as they acquire it. I know two individuals who are averaging down, terrific. They are not selling stock, they are intelligent investors.
Without question.....
No one cares
As long as investors of real funds can verify the loans were actually made, then discounted shares are perfectly legitimate in the underwriting world of IPOs, secondary offerings and different stock and bond issues forming the market.
A former CEO, strangely, could not furnish any Corp or bank records that such loans allegedly made by his family were factual, claiming under oath that no such financial records existed.
Hard for some to accept they were not contacted about the opportunity and did not spot it in the financials. Nothing negates that some folks did invest real money and received discounted shares appropriately.
Imagine being upset at not having been telephoned and solicited to invest more money to keep a tiny start afloat, so you could be further screwed by a .0004, SP for years. Hard concept for some to understand. It's called good luck not to have been be contacted. Too funny.
I think it will take a number of major events to change the BIEL fortunes.
Sales and profits can only be generated by effective management somehow triggering market acceptance. 100's of millions suffer from chronic pain.
Another few hundred million get hit by intermittent pain. Insurers, governments and the medical industry should be all over the safety and savings BIEL brings. Do those responsible actually prefer the poisons of drugs?????
Annnnd another huge sell this morning. $5.44 worth. Ominous!!!
Suggest orthopedic consult for back and shoulder, if the pain persists - maybe something structural. I have used ActiPatch for both areas hundreds of times, worked amazingly well, every time. Sometimes a few hours, 2 or 3 days or a week or two. The longer the better.
Hope this helps.