Bioelectronics Corp (BIEL)

[Steve43]

Their business model seems to be built on replacement items, with the Healthcare Insurance Companies, footing the bill. Their role will be to convince those Companies to get on board. It seems they have a global network of Medical sources. They will be presenting the clinical evidence to back up their claims. They got in trouble with empi distribution telling people to order more than was actually needed, it cost them 7.6 million in judgements. They cut all ties with empi. I think they learned their lesson. I'm surprised they didn't use the KT Tape model using the 250 hour device instead of the 720 hour device. They could have lowered the price and had a better chance, plus more repeat sales. They also sell K Tape, which is interesting. JMHO GLTA