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IMO, just to say that he (i.e., the CEO), or they (i.e., Keith and the rest) are incompetence gives them a pass. IMO, they are not incompetence, but are conducting some kind of weird repression of their own product. Please, someone else go and figure it out, because I haven't a clue!!
GLTA!!!
Well, why is Actipatch not made available via Boots Pharmacy web site? One can initiate a general search of Actipatch on Boots' web site and nothing comes up. This is too weird! However, maybe the reason why you can't get search results is because the product is behind the counter? Huh!
GLTA!!!
Well, they've had more then enough time to put in place a distribution system that's operating at full tilt, but apparently, they haven't done so. Why?
GLTA!!!
Sure "It defies logic", because the CEO and his actions don't care about logic. He wants to carry out his ultimate plan, whatever the aim of that plan. The manner in which BIEL's management is running this company is nothing short of tragic. I reiterate, no one is that clueless; this fiasco is orchestrated, IMO! Surely Keith knows his way around the latest marketing strategies and principles relating to mass sales. So, why hasn't he raised his hand and float the ultimatum... either things change around here, or I walk! Well, I guess we can safely assume that hasn't taken place, yet. So, apparently, AW and his crew (including Keith) have resigned themselves to perpetrate this malfeasance, in the manner in which they are managing this company. Outrageous!!
GLTA!!!
Quote: "BIEL doesn’t want to play ball with us right now"
Hmm! PW, did you get this from the horse's mouth? Thus, you made the call, I gather? Also, just what does that statement mean? It would be helpful to have more detail regarding the context of that statement. For instance, is it that CVS is trying to contractually low-ball BIEL, or, maybe BIEL is asking for an unreasonable margin cut? Hmm, Thought-Provoking!! Interesting post PW!
GLTA!!!
Well, not so fast! Many of us thought the FDA would approve the last 510(k) submission(s), but no cigar. So, perhaps it would wise not go too far out on that BIEL limb, it just might break off with you standing on it. Just Sayiiinnnggg!!
GLTA!!!
What is the approximate date the "Q4 report" is due?
GLTA!!!
Wow! With all due respect '43, if it has come to this kind of desperate grasping for a lifeline by the shareholder, then maybe it's all over! JMHO!! Ya know, what you are proposing is that the shareholders should do in support of the company, that which the management of BIEL won't for the company. Really Troubling And Sad!
GLTA!!!
As I have stated numerous times, no one is that incompetent! Nobody! A strategy is in play, IMO!!
GLTA!!!
The longer the wait for approval, thus, increases the likelihood the approval won't be granted. IMO!!
GLTA!!!
Great News for my area... they have it available.
CVS #7507
100 EAST SOUTHLAKE BOULEVARD, CORNER OF WHITES CHAPEL
SOUTHLAKE TX 76092
In Stock
Qty: 3
Super!! Go BIEL!!
GLTA!!!
I agree! If the FDA approves, then of course, the potential fortunes for BIEL would grow immediately. Thus, a brave new would will open up for them, in ways that they could only have dreamed about just a short time ago. The possibility of buyout, partnership(s), licensee agreements, etc. Yeah, and who knows what other developments could take place. IMHO!!
GLTA!!!
P.S. Hopefully, AW is woke to such a degree where he would take advantage of his turn of fortune!
Well, you make good points, but I must disagree somewhat. As I have stated in earlier posts. Thus, IMO, no one is this clueless, or otherwise, this critically incompetent as a company executive. I just can't accept that reality! For BIEL to hang around for this long, as a business concern, there must be a respectable degree of business astuteness present there, somewhere. I firmly belief that this whole thing is orchestrated, leading up to some kind of future endgame. Although, I can't imagine why they would choose this strategy to pursue company success, but that's my take!! The Whole thing is weird!!
GLTA!!!
I think we are essentially saying the same thing. Thus, the whole crew is in on the scheme. Apparently, Mr. AW runs a tight ship. No one has engaged in Whistle-blowing, yet, as to what might be going on behind closed doors. Nor, to my knowledge, has anyone resigned due to an attack of righteous introspect, which usually comes with a guilty conscience.
GLTA!!!
'43, supposedly, there are top-tier professionals (i.e., PHDs all over the place at BIEL) contributing to BIEL's efforts. It appears in some cases, they are primary decision makers in various departments within the organization. Also, one of these whiz kids is the VP of sales. Of course, to whom I'm referring, is Keith Nalepka. Although, I don't think he's a PHD, not to my knowledge any way. As Mr. Nalepka's resume reads, he was recognized as a marketing-executive standout when he was with former organization(s). So BIEL, with all this brain power at your beck and call, and you can't manage to get out of the proverbial ditch with this product. Really! There isn't this much fantasy in the land of Oz! To paraphrase a line from one of my favorite movies... "Something just don't lay right here!!
GLTA!!!
People, just take a pause here and just think about what we are witnessing here. Thus, by substantial accounts (i.e., official trials, medical studies, personal/real world data), it appears that we have an effective product that's needed greatly by the general public, and it's not being made available to that public. On that basis, someone of an official capacity within BIEL, needs to come out front and center and articulate an explanation for this unusual and disturbing situation. No more needs to be said from this investor's vantage point!!
GLTA!!!
Well, IMO, BIEL has more than 10 years to formulate, at least, an adequate distribution process for its product(s). I extracted two paragraphs from the NHS study on comprehensive costs & benefits factors relating to the use of Actipatch, see below.
"Decreases in pain and quality of life improvement associated with ActiPatch use also reduced financial burden to the NHS, associated with providing healthcare services. Utilization of healthcare services, such as visits to a General Practitioner (GP), pain specialist and/or other healthcare professionals for example physical therapist, were reduced for the entire study group. Additionally, costs associated with prescription analgesic medications was also reduced by a total of £2960, or £98.66 per subject over a 3-month period.
Conclusion:
Introduction of ActiPatch as a chronic pain therapy resulted in significant improvements in patient quality of life, reduced pain medication use and reduced utilization of healthcare services. Incorporating ActiPatch as a standard therapy option for chronic pain sufferers is expected to result in significant cost savings for the NHS."
Good lord, and BIEL is unable to supply and sell this product?! IMHO, all BIEL needs to do is present these two paragraphs in a slick Ad formula, and their troubles are over, overnight! Why this product is not supplied and flying off the selves by now, is an unqualified mystery to me! This is absurd! Something is seriously wrong here folks!!
GLTA!!!
P.S. A "D" student from a third rate marketing school could be highly successful in selling this product. 100:1 on it!
'43, may I chime in? BIEL's management is scuttling its own product. There is no other explanation for their actions. No one is that incompetent, on one! If one has a winning product, it will essentially sell itself, with a little push with public awareness. Ya, that's right, advertise BIEL!! There is a bit of irony associated with this situation, in that, there is a great need for this product, and the owner is not not really trying to sell it. IMO!! What we shareholders should be asking, at this stage, is why this is taking place? Thus, try to get an answer for this conundrum. Of course, this is My Opinion!
GLTA!!!
Well, I can't disagree with your post, at all! The BIEL brain-trust appears to be entrenched in their commitment to not employ advertising, no matter what! So, if I'm permitted to use a weak trope, thus, so what is the McGuffin in this movie scripted by BIEL? To anticipate there's not an answer, forthcoming, to my question, I guess the only fallback we have is to wait and bear witness to the upcoming scenes. That's a wrap!
GLTA!!!
Well, we hear ya JGD, and your points are plausible. But, for starters, why BIEL doesn't engage in relatively inexpensive radio Ads? This would be an ideal way, IMO, to recycle funds for perpetual advertising campaigns. This is a true mystery to many of us why they don't do something like this. As they say... "You must spend some money to make some money!" True That, IMO! Come on BIEL, please give Actipatch a chance. Let Her Spread Her Wings!!
GLTA!!!
Well, it's possible that the FDA has an issue with BIEL, of some type. Maybe it's because of BIEL's unfavorable past relationship relative to the SEC. Or, maybe there is influence from lobbyists of Big Pharm that's in play here. Not Sure! But what is for certain, if the FDA desired to squeeze an under funded company dry with delay after delay, oh yes, they could go a long way in doing so. That's all I'm saying. All JMO Of Course!!
GLTA!!!
P.S. However, with the present up swing, as per the PPS, maybe my assumption stated above is a moot point. Well, let's all hope so! Huh!!
Hmm! IMO, the FDA can bleed a fledgling startup dry just by delaying approval. Also, IMO, they can accomplish this especially if that startup thinks that FDA clearance is essential for their commercial/economic survival(does that ring a bell?). To bring home the point review the text below:
A Stanford study: What is the average cost to research and develop a medical device?
"It is expensive to bring a medical device to market. A 2010 Stanford study identified the average cost to bring a 510(k) product from concept to market at $31 million. Greater than 77 percent of the cost—approximately $24 million—was consumed on regulatory and FDA-related activities. Sep 1, 2017"
Wow!!
GLTA!!!
To reiterate what I've stated in the past, BIEL needs a lot more political savvy per their efforts to get things done. Thus, they need to employ the weight of the general public to put pressure on the FDA, in this case, to get their goal(s) met. Well, that's one of my takes on this unfortunate situation! Oh, Well!!
GLTA!!!
I agree! What the CEO is doing to this company is indefensible! One could reasonably proclaim company abuse. Mr. AW, could have leveraged a respectable Ad campaign years ago, but for some inexplicable reason, he chose not to do so. Why? IMO, this is the salient question which needs to be asked of him, directly. Hopefully, he would be able to give a plausible answer, and not to regurgitate the unacceptable refrain about not having the funds to apply. Ain't Buying It! IMO, there is an endgame attached to this madness, but what could it be?
GLTA!!!
P.S. However, from my vantage point, it might prove to be a great blessing for me, and others, that BIEL didn't exploded as a commercial juggernaut years ago. For, if it had, as an investor, I would have missed out on positioning myself on the ground floor of a great investment opportunity.
The Ruppell's Griffon Vulture has been spotted flying at 37,000 feet (the same height as a coasting commercial airplane), these are record heights. So, if I'm allowed to be so generous with poetic license to choose BIEL as the Griffon Vulture bird of the Bioelectronics flock. Oh yes, IMO, it has the capability to soar at record heights if, and only if, the tether straps are severed by it's CEO handler. IMO folks, this is where we are. This extraordinary potential is rendered earthbound by short sightedness, bumbling decision making, and a heavy dose of incompetence, full stop! So, some how this commercial injustice must be brought to heel, but how? Oh, Well!!
GLTA!!!
Just what does this information relating to CVS's new locations have to do with BIEL? This stuff is superfluous pablum. If it's not information relating to BIEL directly or indirectly, then what's its value to this board? Well, I suppose CVS doesn't mine receiving a little pub. But of course, they don't need any publicity from this board, for they are making boats loads of money by exercising their own devices.
Oh, Well! Go BIEL!
GLTA!!!
Ok, show me one single Ad for the masses produced by this so called partner of BIEL! Just show me one!!!!!!!!!!!!!!!!!!!! Something is not right here folks. Don't know exactly what's the matter, but something is awry!!
GLTA!!!
Patent pending references won't boost sales for BIEL. Sorry!
Let me make something clear here, regarding my position on BIEL/it's management. I'm a BIEL long and want them to become the very model of success. But, IMO, management has continued to drop the ball, so to speak, time after time. Not Good! They are just not making the grade, as being stewards of this company, IMHO. That's it!!
GLTA!!!
Quote: Keith has negotiated over 500 million dollars in retail acceptance which included CVS, RA, Target and GNC." With all due respect, So What! I think most, on this board, want to see some positive results associated with BIEL's activities today. Yes, Mr. Nalepka has a resume which shows laudable accomplishments, but in this business it's what have you done for me lately (in this case "me", of course, is BIEL's stockholders). At present, IMO, not one single individual at BIEL warrants high praise, not one! They gotta bring home the bacon, Mannnn!!
GLTA!!!
With all due respect, this stuff is really, really old PR pump. It has no rear relevancy in regards to developments which effect BIEL today.
GLTA!!!
Oh! Well!
GLTA!!!
'43, IMO, BIEL is in a perfect position to easily commission CVS to include them in some of their Ads. I would imagine, for a reasonable fee (or, possibly no charge), CVS would accommodate BIEL in a number of ways to assist them in getting off the ground, since they are partners, right? Why something like the aforementioned has not happened yet, is a flat out mystery to me. Something is quite wrong here! No one is that incompetent as BIEL management is appearing to be. Ain't Buying It!! There are questions to be asked, and answers to be had!! BIEL is angling for some end-game, of which the rest of us earthlings havan't a clue.
GLTA!!!
I agree '43! IMO, the CEO along with his daughter, I suspect, are not trying to sell the product, at this time. I can't imagine why they have adopted this strategy to hold the product and company back, but it's quite obvious this is presently being done. To what business end could they be angling for, by doing this? If someone can decipher this mystery and get back to me, I would be quite grateful. Regarding advertising, in particular, there are ways to get the word out, relatively, inexpensively. You don't need to break the bank by hijacking the Superbowl, to make my point, hyperbolically speaking. Ya know, this situation, relating to BIEL's managerial approach to running this company, in its own right, is one for the ages and that's a fact!
GLTA!!!
Ok, Got Cha!! But it's so curious that the availability of this product is so restricted! This is so flummoxing!
GLTA!!!
P.S. But still, if the consumer doesn't know you exist, then why
would one expect to sell to them, in a mass way?
CVS A Partner! Oh, Really! Well, go online and do a product search and see what you come up with.
GLTA!!!
"Welcome to the future of wellness. Accelerate your health." Just what does this sign have to do with Actipatch? I didn't see the product displayed anywhere in that picture. Oh, Well!
GLTA!!!
Quote: "Amazing interest in BIEL lately", why do you say this? What evidence relative to your pronouncement do you have? We BIEL'ers all want the company to succeed, but we must be objective and honest
about what's going on with the company at this time.
GLTA!!!
Well, yes, not withstanding some of my past criticisms I've expressed regarding BIEL's management team performance, in general, I am a bit positive about the recent submissions. Let's keep great hope they pull it off this time. GO BIEL!!!!!!
GLTA!!!
I agree, and well said '43!
GLTA!!!
I beg to differ a bit regarding the arduousness of the 510(k) preparation, as it relates to BIEL, in this case. Any government agency, as subject, will provide the preparer the Formula, boilerplate, or otherwise, a framework in regards to how a given government document is to be prepared. The 510(k) preparation process, as I can imagine, is similar to that which is associated with a “Request For Proposal” (RFP) document, of which I am familiar. But, of course, there is bound to be some tailoring of any given document of that sort, in order to humor the uniqueness associated with any given project, at hand. But it must be understood, by all accounts, that BIEL is not a virgin, in regards to this process. They have been around the block a few times, vis-à-vis, with the FDA document preparation process. They know exactly what the FDA expects, in the manner of document configuration and content. So, IMO, regarding the recent 510(k) submissions, that process should have been largely an exercise in cut-&-paste. The data is already there, but as I understand it, the trial metrics associated with men would be strip away, and the remaining trial data would be correlate to be women centric. Of course, it’s a given, that BIEL's folks are intimately familiar with that data, thus, in its relevancy and its idiosyncrasies. So, IMHO, there should not have been great difficulty in preparing those 510(k) documents. I reiterate, IMO!! So, for what it’s worth, there you have it!
GLTA!!!