Bioelectronics Corp (BIEL)

[Simpsonly]

Couldn't agree more PT.
Two things that did it for me - expired CE Mark caused the laughably absurd 7 pallet $531K "deferred sale" to the EU. "Deferred sale"? How insane! Get the product out the door, get paid and get ready of re-order. That's how that works!

Second was the smelly mundipharma deal, with many hundreds of thousands in up-front Distributor Fees and Australia needs the CE to do it's own Regs, otherwise it's like dealing with the FDA. Mundi has been demanding its $$$ back and BIEL has not shipped one order to Oz other than a few samples long ago. Money's gone and mundi's screaming pi$$ed.

As said, if the CEO is not an inept, over the hill, bungler, the stock price will rise with sales, if he needs to retire now, it will stay in the toilet. Simple.