>>BIEL is down 99.9% from its high partly because there is a widespread belief the FDA will not save the day.<<
Oh come on, that is not why this is down and you know that. Since you and the others spend sooooo much time watching, reading, and following this stock, you know exactly why it is down. It is down, even after good news, because it is a pinkie. Pinkies are feasted upon by the likes of those who see easy $$$ in controlling stock prices by creating fear in VERY speculative stocks still unproven, feeling their way in business as start ups - ESPECIALLY those companies waiting for regulatory agency approval. Without news, the longer the waiting (as we are experiencing here) the lower it will go, as it becomes tiresome for those holding and are easily frustrated into selling. These type of companies are manipulated even in higher exchanges. They are easy targets for scaring holders of the stock into selling. The stockholders know of the uncertainty of success for these types of companies and always have the fear of BK in the back of their minds. Some shaky hands have a finger on the sell button everyday and are ready to hit it as soon as they hear noise of possible demise. That is why these forms of message boards between "interested parties" exists. Some are looking for any information to justify their position. They are also GREAT venues to use to educate themselves about an investment. But also a BETTER venue to "scare" those who are weak into selling, thus the downward trend. Go to any message board and you will see the likes of our naysayers (and some boards with the same ones as here), especially the start up companies with little or no revenue. The naysayers will sometimes outnumber the true investors on many boards. That is why you take their proclamations with a grain of salt, or better yet, ignore their "noise".
This stock (price) has been beaten up for some time and it has been an easy target for the aforementioned. They (the company) have committed many sins in their marketing of product. Yes they probably HAVE pissed off the FDA with their first attempt through correspondence. Maybe Whelan's arrogance toward the FDA was because he truly BELIEVED in his products and was upset at the continuous setbacks thrown at him. Not a good thing to piss off those that hold the fate of what you seek in their hands. Learning is part of the maturation process
Now fast forward to today and the most likely justifiable stock price of triple zeros. Evidently, the market still sees this company as the one who created all these problems with the FDA and is still not allowed to sell its products in its OWN country.
BUT:
1. They are running trials for showing more efficacy
2. They are SELLING products in countries with a social
makeup very similar to ours
3. They are selling on one very visible and popular retail
company's website; AMAZON
4. They have just signed on with a successfully
well-respected distributor in BRAUN.
5. Braun reportedly is hooking up with Walgreens
6. Walgreen is a MAJOR name in medical/pharmaceutical
retailer here in the good ole USA with chains
nationwide.
7. #3 and 6 will make for an easy marketing transition
into the U.S.
Oh, did I mention it is trading in the Triple Zeros. More bang for your buck!
