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Tuesday, August 27, 2019 10:15:20 AM
Read Srins post for factual info:
Shareholders should understand there is a Hostile Takeover attempt going on...
Hostile Takeover - "Acquiring a firm despite the disapproval of, or open resistance from, its board of directors. The acquirer ('raider') usually takes the takeover offer direct to the target firm's stockholders (shareholders) or seeks their approval to remove the obstructing board members."
AW turned down the offer made by Jimmy and company. They have now turned into 'Raiders' trying to damage BIEL so that their offer will be accepted.
The problem is that there is no path to gaining control over a majority of BIEL shares. AW/KW have over 50% Locked Up. Even if the Raiders got every retail and institutional shareholder on board with their agenda they would not be in control of BIEL
So they hurl sophomoric insults on a message board, as they have for the last 3 months, hoping something will change.
Meanwhile BIEL is taking care of business:
* RecoveryRx FDA 510k Clearance for Post-Op
* FDA 510k submission for ActiPatch Full Body OTC
* Signing License/Supply Deal with established Wrap/Brace mfg.
* Walmart ActiPatch Product Trial
* Keith Nalepka in talks with Mundipharma for 13 new countries
* Keith Nalepka in talks with Mundipharma re adding RecoveryRx
* Finalizing product packaging configuration with the largest distributor of chiropractic products in US. They have access to 80% of the 70,000 chiropractors in the US who treat 35 million patients annually
* Contract negotiations with a sales and marketing partner in the foot care market
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