Bioelectronics Corp (BIEL)

[misanthrope]

Really good things are about to come AW's way and it will be interesting to see how he handles them

He will handle them the same way he handled the CVS deal.

Remember how just a few short weeks ago the board was filled with excited posts tabbing every new CVS store carrying AcitPatch? Recall the euphoria over the anticipated roll out to the entire CVS chain, and the obviously forthcoming huge sales increase? Suddenly nobody mentions the CVS presence, or added stores - suddenly it's onto the next round of 'good things' coming Andy's way.

Andy blew the CVS deal all on his lonesome, and generated a paltry $141K in Q1 revenue, so now that's all swept under the rug while we wait for Russian sales reps to be trained. Hilarious.

Andy is sitting on $500K+ in deferred revenue, which can't be delivered due to his complete incompetence in allowing the CE mark to expire.

Why is anyone expecting different results on the 'next best thing' when all there is to see is ever declining revenue, blown deals, a 60+ string of losing quarters, and a PPS mired in trips, seemingly permanently. AW's track record and acknowledgement that he will 'stay the course' says all anyone needs to know about future results if his leadership continues.