It was just blind luck that I stumbled on the CE Mark expiration issue, nothing more, the math didn't add up.
First was the photo posted by a visitor to the BIEL offices of 7 pallets of devices bound for the EU, but described as "on hold". Then the label "deferred sales" put on $536K in revenue in the financials. Curiosity asked, "why would a struggling company defer anything or hold a shipment?"
One phone call to a regulatory contact in the EU revealed the BIEL CE Mark had expired the year before. Disclosing that led to trash talk for months, as everyone knows. The long kept secret was out.
The appointment of a competent, knowledgeable CEO, even on a temporary basis and a properly appointed BoD are the 2 most important events in the BIEL journey. Bigger than any FDA clearance. Bigger than any deal or event of any kind. If it's done wisely, and the company properly managed,the stock is at .03 within 45-60 days. If not, the pps stays in the .000's for another year or more. Stay tuned.
Most important, IBEX selling stock?
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