Another day and 8s should get wiped out. I told you to be patient as BIEL always drops and gives it all back. Tons dumped at 8s and 9s were stacking up. Its a long ways and a ton of shares to get through, to ever see 11s and 12s again. And as December continues this will be met with tax loss selling as well. Only to be hit with the negative news of what they filed for. Everyone can see they dump shares relentlessly here. They dont care about shareholder value at all. Never have, never will. Thats why any pop gets dumped on by them. Hell theyll take every climb to their advantage. Even those getting 8s now have to get in line behind 9s now. 1s had 50 Million on it. The more 8s and 9s go, those 1s stack even higher.
This is a share selling mess. And as December comes to a close many will move on as they find out Andys crap about years end will come and go as well and most will see they didnt and wont ever see FDA clearance. BIELs been at this for 6 years with the FDA. They know exactly what the FDA needed. The time shows they, the FDA, have no plans to what-so-ever to clear these. This much time and with FDA attorneys, would have this cleared by now, if it was to happen. Just like 11s werent bottom, neither will 8s, nor will "by end of the year" happen either.
Heres whats coming all can look forward to.
8s get wiped out and fake closes at 9s until 8s are all dried up. All the while 9s continue to build up on the ask. 1s forget-about-it. Then filings showing even more shares or a split. Only to be followed by selling pressure seen this time of year. All to head into end of month coming and going with zero clearance. The FDA slows down through holidays as well. Many hoped for better, but this is ALL CLASSIC BIEL.
With so many saying buying before today, which had the bulk of 8s, many are trapped much higher since just today changed the next level down. BIEL will oblige anyone wanting to average down. But they wont help anyone get back out with higher profits. And many are used to this by now.
All anyone has to do is look at the shares the last 24 months and the family share selling scam couldnt be more obvious. Imagine the daunting task of hoping all will hold from 8s to see 50% gains at 12. Wont happen, and 11 Billion shares will always be in the way for any real gains. Even before this last 1.3 Billion dilution, it could only run to mid 2s. Yet the more shares added, the less the pops have been over the last two years. Its all right in front of everyone.
The only ones making money in this fam scam is the Whelans and two of their closest friends.
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