Bioelectronics Corp (BIEL)

[Simpsonly]

Guaranteed, take it to the bank, the former CEO knew that NHS coverage of ActiPatch costs, making it free to patients, required a Physician's Rx. A proven fact.

It was also determined that there was no need to have NHS, free to user, and also OTC through pharmacies on a user pay basis. Fact.

Think about 4 things and where each figures in.....
Awareness or not that regional boards also have to approve and list items for NHS coverage to have effect in their territory;

The issue of BIEL required to fund marketing to Physicians and sales force training efforts and filling the sample and NHS supply chains with product in the UK before any launch;

The timing of pulling ActiPatch perhaps too early from retail, while having unrealistic expectations as to approval timing of NHS? In other words, was it pulled out of retail too early?; and

Where might the unbelievable mismanagement of allowing the CE Mark to expire, instead of simply renewing it, thereby dissolving BIEL's approval to ship product into the EU - the UK being a member of the EU...
..

It's called a cluster....