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Appears the financial numbers are so dismal the CPA in charge is keeping them from the shareholders. Otherwise, the numbers would have been published on or before the due date if progress is being made. No excuse for not communicating with shareholders be it good or bad news. Fiduciary duty vital for effective management and for the protection of all shareholders.
Your post is so accurate Probity.and Biel management has been operating with complete radio silence for months on end. It is totally unacceptable for management to not communicate with shareholders with updates and financial numbers such the dismal stock price. Leaves me asking this question...why no communication with shareholders?
"Massive periods of silence, no financial report, nor the company taking the initiative to announce a delay, and whatnot, is damaging to investor confidence and calls things into question."
Any time period?
Intriguing why the radio silence from management continues month after month with no updates or sales numbers at all with all that is going on. Very perplexing.
Outstanding post, Simpsonly, that clearly articulates the prudent steps required for Biel to move forward with focus, direction and intention. The dismal revenue numbers and the "radio silence" approach taken by management is totally unacceptable for shareholders. Not a word has been spoken about Synergy or any other pertinent updates for months on end now. A successful hot dog vendor at a big league ballpark can bring in more quarterly revenue than recent Actipatch sales. The word unacceptable comes to mind again. Time for management to put their egos aside and look at reality to do what is best for the company and shareholders. A strategic acquisition of Biel can solve all matters in a split second as the NOPain Act is potentially the catalyst to make this happen. Lets see what unfolds.
Thanks!
Do you have a link Bobby.......thanks so much in advance!
Here you go Miami...
knalepka@bielcorp.com
Staggering numbers that are supported by government reimbursement! We all talking about multi-million dollar revenue!
Huge development for Recovery RX and Biel that fits perfectly in their PEMF device wheelhouse!!!
....including non-opioid alternatives
Representative Terri Sewell (D-AL), champion sponsor, issued the following statement in response to
congressional passage of the NOPAIN Act:
“I’m thrilled that our NOPAIN Act was included and passed in the Fiscal Year 2023 omnibus government
funding bill! By empowering doctors to prescribe treatments best-suited for their patients’ needs—
including non-opioid alternatives—this bill represents a meaningful step forward in our continued battle
against the opioid crisis. I was proud to lead this bill in this House and will continue working to lessen the
risk of addiction and stem the needless loss of life."
https://nonopioidchoices.org/wp-content/uploads/2022/12/Voices-Press-Statement-NOPAIN-Act-Passage-12.23.22.pdf
The newly signed legislation of the NOPAIN ACT is a phenomenal game changer for the FDA cleared Recovery RX as it is an unprecedented multi-million dollar revenue stream opportunity!
Happy New Year to all!
https://nonopioidchoices.org/wp-content/uploads/2022/12/Voices-Press-Statement-NOPAIN-Act-Passage-12.23.22.pdf
Chris Fox, Executive Director of the Voices for Non-Opioid Choices Coalition, issued the following
statement in response to congressional passage of the NOPAIN Act:
"We applaud Congress for taking critical and meaningful action to prevent opioid addiction before it
starts by expanding access to safe, non-opioid options for acute pain. The NOPAIN Act is a proactive,
much-needed solution to combat the deadly effects of the opioid crisis that takes the lives of 220
Americans every day. By making safe, FDA-approved non-opioid pain management options more
accessible, Congress is allowing patients and families to work with their providers to have a choice in
how they manage their pain.”
Sense of immediate urgency to fill position.....something big brewing for RecoveryRX.
Dramatically increase.....ASAP. Hmmm.
"We are looking to hire someone with CMS/Billing/Coding expertise. The
#NoPainAct will dramatically increase the availability of pain products
for post op pain. Please DM me. Looking for someone ASAP."
Big news for Actipatch to capitalize on......
https://justthenews.com/politics-policy/doj-sues-amerisourcebergen-allegedly-violating-controlled-substances-act?utm_source=sf&utm_medium=social&utm_campaign=twjs
The DOJ alleges that AmerisourceBergen, from 2014 to the present, failed to report hundreds of thousands of questionable orders to the DEA. The suit further contends that the company was aware such shipments were contributing to an opioid epidemic, but failed to act in any meaningful way.
If convicted, AmerisourceBergen may face civil penalties of $10,000 for every violation before November 2015, up to $16,864 for every violation between then and October 2018, and up to $109,374 for every violation after that. The agency estimates the drug distributor may wind up paying billions in civil penalties.
So true Simpsonly.....a local Boy Scout troop here netted $50,000.00 in just one month selling Christmas trees at a farm! One would think Biel would far surpass that 50 grand for selling Actipatch across the globe for the last financial quarter......guess not! Truly an epic embarrassment.
You are very welcome!
After viewing the utterly disastrous financial report last evening, I was figuring the shareprice would plunge at least 50 percent or more today with massive capitulation unfolding.
I was completely wrong......shareprice rose 16.67% on volume of 59,935,690. I am totally amazed for sure.
The market always looks forward and there must be a very positive material catalyst imminent for the stock price to act this way today. Stay tuned!
Great research Srin!
Outstanding research Srinsocal.....can feel the momentum building each day as Biel expands their horizons on a global basis with a niche product!
Excellent research Srinsocal that clearly illuminates the Shorting Rules as stated by Larry Smith, a former Executive VP at Smith Barney.
Great post The Pro....you are pinpoint accurate!
Shorts will get crushed as a massive short squeeze will happen after the PR hits the wires as the skyrocketing bids will force huge covers!
This is going to be a game changer PR as big dollars acquired from the purchase order will provide jet fuel to the shareprice in an amazing way!
Brilliant post Simpsonly! All points are right on target and there will be plenty of cheddar coming soon with the signed big orders. This can elevate the shareprice into cooper land in a hurry with record profitably imo!
The legal contract signed with Synergy is big revenue in the bank for Biel!
Synergy signed a legally binding order for 975,000 RecoveryRx devices to be purchased over the first 18 months.
One would think Synergy is extremely motivated to sell the devices as they MUST pay Biel for the entire order regardless of how many are sold in the time frame agreed upon by both parties. Synergy would not have signed the contract without knowing they can sell RecoveryRx big time.
Synergy signed a legally binding order for 975,000 RecoveryRx devices to be purchased over the first 18 months
One would think Synergy is extremely motivated to sell the devices as they MUST pay Biel for the entire order regardless of how many are sold in the time frame agreed upon by both parties. Synergy would not have signed the contract without knowing they can sell RecoveryRx big time.
You are correct and pinpoint accurate Tazzer with your analysis! KN is very smart, experienced, articulate and has outstanding people skills. It is a winning combination and KN knows how to cross a finish line as proved by the signed mega deal with Synergy! Enjoy the amazing ride to come!
Your points are right on target InvestInBiel as the signed agreement calls for 975,000 units of RecoveryRX to be purchased over the first 18 months. This is an indisputable fact.
Amusing reading the intellectually feeble attempt by some to deflect the truth of the signed contract.as their ignorance of business methodology and contract law makes them look foolish and desperate.
Bingo JGD!!!!
"Once Done With The Registrations Biel Becomes Highly-Profitable."
You are correct InvestInBiel as the Distribution Agreement is an integral part of a legally binding business contract that has specific monetary stipulations that must be agreed upon by both parties in accordance to the products and or services being rendered within the time period hence set forth.
The poster that states otherwise should take a course in business contract law for a clear understanding of how contracts become binding and enforceable.
You are fully correct srinsocal
as it a binding contact with the terms
agreed upon!
A truly brilliant post Simpsonly filled with clear logic and many thought provoking ideas!
The thesis you present reflects all of the diligent work Team Biel has undertook to make the amazing deal with Synergy happen. This is a incredible accomplishment for Biel considering their small staff and limited resources at hand. It is nothing short of remarkable a multi-national company, named Synergy embraced Recovery RX with such zeal with a 975,000 unit order!
Your comment Simpsonly is quite intriguing and deserves further discussion:
"My question is a simple one. What if Synergy, in simply negotiating to hedge its exposure, turns out to be wrong by a couple of million units, or more and the units sold turns out to be 3 to 5 million, or more, for the 25 countries? Synergy is obviously a competent company, with serious ambitions."
I have always believed Actipatch and Recovery RX are destined to become blockbuster pain-relief and healing devices.. I strongly sense Synergy believes the same and wants to gain a strong worldwide foothold being first to deliver the Recovery RX in massive quantities to 25 countries.
I can easily see how Synergy will expand their orders in the millions with such a gigantic sales territory in so many countries with very large populations. This is realistic when a miracle healing product is being sold!
"Synergy is obviously a competent company, with serious ambitions"
Thanks again for your illuminating post Simpsonly as the best days are coming fast!
The 975,000 order is a major game changer Threepointer and the table and foundation is now set for astonishing revenues to flow into Biel. The handwriting is clearly written on the wall now for unprecedented success for Biel moving forward.
Synergy certainly spent much time and money doing their exhaustive DD with Biel. A huge win for KN and Team Biel!
Biel has found and true gem and revenue goldmine with their partnership with Synergy!
This quote from Synergy speaks volumes of their commitment to excellence and the high value and trust they place with their business relationships!
"We aspire to bring the highest standards and level of integrity to all of our business activities and strive to work with partners who value and demonstrate high moral and ethical standards in their business practices.."
https://synergy-corporation.com/about-us/
Some additional information on Synergry.......
https://synergy-corporation.com/about-us/
You hit the nail on the head 7up!!!!!!! Awesome upcoming revenue news today that truly is a game changer for Biel!!!
Srinsocal......a favor to ask. I was unable to view the Zoom meeting today as something came up at the last moment.
I will be most grateful if you can do a recap of the highlights of the meeting. Thanks so much in advance!
Your post InvestInBiel is filled with keen insight and wisdom. If someone told me that Biel would be at .0009 at the close of Thursday after the deeply disappointing financial report released on Monday, I would have been in total disbelief. The market has digested the numbers from the financial report for three full days now and the shareprice has not budged at all. This is incredible considering the massive damage that could have have happened after the truly dismal numbers hit the wires. This is a huge accomplishment unto itself.
The question is why didn't the shareprice implode? The implosion would have happened immediately at the opening bell on Tuesday with massive sell orders. That didn't happen as many shareholders made the decision that their shares were not for sale based on the clear logic that you have stated in your post.
The market clearly understands that much more is happening right now that will be addressed by KN on August 25th. Indeed, this conference call with Q&A can be a very positive turning point moving forward.
Thanks JGD as it was extremely instructive observing the markets reaction to the numbers. The stock easily could have been crushed today but eyes now focused on August 25th.
Looking how the market is digesting the very sub-optimal numbers from yesterday is intriguing and noteworthy. I was expecting a total crushing of the Biel stock price on massive volume when the financial report hit the wires yesterday. We have very light volume with a slight down tick in the shareprice today.
This tells me the weak hands departed the stock before the press release and the big boys didn't sell when the financial numbers were printed. It appears the bad numbers were already baked in the shareprice otherwise today would have been a complete bloodbath with capitulating sell orders.
What does this mean going forward? The bar is set so incredibly low for future expectations and negative sentiment is way off the charts. This is an exceptionally powerful setup that can ignite the stock with any good news.
Listen with a careful ear on August 25th.as Keith will provide detailed illumination beyond the numbers reported yesterday. Sentiment can turn of a dime and so can the shareprice.
Best wishes to all.
Great post srinsocal as they are indeed very positive disclosures!
Several very positive disclosures:
"we recently signed an agreement with a Southeast Asian firm to distribute RecoveryRx in 25 additional countries. The agreement requires successful registration of the product in 7 countries before the first purchase order will be issued. Our regulatory team is working diligently with their team to complete this task as swiftly has possible."
25 new countries in Asia with a company large enough to service 25 countries speakes for itself
"We finalized the design for our extra strength RecoveryRx device and will be submitting a pre-submission letter to the US FDA within the next 30 days."
I have been waiting on this one for years, important new product for faster Pain Relief for Post-Op patients
"Earlier in the year, we stabilized our supply chain by pro-actively ordering a year’s supply of the essential ASIC chips."
This sounds like normal procurement on the surface but with the numerous indusrties that have had to scale back production due to Chip shortages nailing down a year's worth of raw materials is a big deal
"we had no dilution during the 2nd quarter and related parties infused an additional $40,000 in cash investments into the Company."
Given that BIEL has funded the company with dilution for 20 years it is encouraging to see a quarter with no dilution