Who cares about that Facebook Fool? Raising the price to $100 per unit is stupid and asking CoPilot loaded questions is stupid and his "Direct Sales" scheme is stupid. He's a joke, and the Whelans are naive and ignorant to interact with him as they are doing.
I have never spoken to Kelly Whelan and I never will, I'm quite sure. When I was a noob I called a few CEO's of developmental biotechs and I learned a painful lesson: a biotech CEO will tell you complete misleading Safe Harbor nonsense on the phone. Only a fool would invest money based on what a biotech CEO says in a phone call. I was that fool, 24 years ago. I am not that fool today. Fine, you are, but you'll probably get wise, eventually, if you haven't already figured this out from your BIEL mistake.
This company DOES have an obligation to tell shareholders what they're doing. I don't want to hear "their every move" -- I want to hear their ANY move. The fact that they are silent is not because they have NDA's, IMO -- it's because they have nothing to tell.
You claim to understand NDA's and you claim that I do not, so please enlighten me by answering this question. Take Dr. Scholl's as an example. What possible reason would Dr. Scholl's have for demanding a NDA? What harm or detriment would befall Dr. Scholl's if BIEL released a PR about working with Dr. Scholl's on a new product?
This device is so far under the radar and has such a dismal history of sales that the only reason for a prospective partner to demand a NDA is if they are embarrassed about getting in bed with such a loser and they don't want their shareholders to know about it. Is THAT your reasoning? LOL
And don't pretend there's a buyout in the works. There's nothing to buy. This company has no patent protection and the Chinese manufacturer will sell bulk lots to anyone with their logo on it. Anyone wanting to sell the device in the USA merely needs to file an expedited 510(k) and that would take only a few months for clearance. No proof of efficacy or safety needed, just proof of substantial equivalence, and that would be a slam dunk because they are buying the device from that same Chinese manufacturer who is already registered with the FDA.
