I’m gonna try to say this as politely as possible.
Shareholder should’ve been able to make a profit over the past 7+ years as well. But it seems as though TEAM BIEL has stumbled upon a way to make money by the share structure. To me it seems they are intentionally MILKING IT, meaning to say, (somebody else on this board posted the fact that Kelly has made over 10M by loaning money BIEL), the family should not be trying to pretend this isn’t going on. AGAIN, Shareholders should’ve been able to make a profit over the past 7+ years as well. Now that they have a much positive flow of money already banked & the share structure is a complete mess), doesn’t seem as though they are in much of a hurry to either hire a seasoned CEO, or even sell out to a big company. With that mindset, pay close attention to the share price. Aside from Feb 17, the price has pretty much been FLAT, trading in a pretty narrow range.
Does that make sense?
A seasoned CEO in my opinion would’ve already been rolling out a test marketing plan for the only 2 products that have been cleared by the FDA. AGAIN, business never sleeps (with the only exception of BIEL), so as soon as you get clearance, GO GO GO. Not with this crew leading us into the Abyss.
Now here’s where it gets really interesting (to me anyway). The past few people hired to market these products have been removed within a year. To me this is very high turnover for a company with CUTTING EDGE TECHNOLOGY.
This gets very personal at this stage because Andy should be very proud of getting us to where we are now, HOWEVER, and with all due respect to Andy, this really should’ve already been cleared already. A seasoned CEO would keep his foot on the pedal on stay committed to finding ways to appease the FDA, as they begin to market those two Devices.
Remember when the FDA didn’t even understand how this device worked? Again, A seasoned CEO would’ve hired the dream team years prior to when Andy finally did. That’s seeing the big picture AND problem solving to find the solution in advance - much quicker, hence (MILKING IT).
If we as shareholders continue to tolerate this for another year or two, I have one question? Would you still be as committed to Andy as CEO as you are now? If the answer is yes, IMO, your dreaming or drinking too much Kool-aid.
This product should’ve been ready for test marketing in March, or April at the latest. But at this stage - we are still waiting for more Devices to be cleared.
I am positive that this product will get to market at some point, however, there is a very real possibility that another Mfg may beat us to the punch, by getting their product to market much quicker. I honestly believe AND KNOW, first hand how magical this device heals pain, reduces pain, relieves sore muscles, ankle and knee sprains.
Simply put, Andy’s approach has already been an epic failure, only because he can’t (or won’t) give up his CEO Title. Take a look at how long this company has been around. WOW!
This is the medical product of the decade, that seriously may never come to light simply because of the lack of leadership!
BIEL LONG!
