Bioelectronics Corp (BIEL)

[GetSeriousOK]

Add "business model" to the list of things about which you know nothing.

I understand why you used that phrase: you thought you could fool someone into thinking you were educated. The problem is, that won't work if you use the phrase incorrectly.

The Netflix business model when they started (your 35 cents): sell subscriptions and mail movies and games to subscribers. When they return the movie or game, mail them the next movie or game on their list.

The Netflix business model today: sell streaming subscriptions.

The BIEL business model: OEM supplier. As different from either of those as one could imagine.

Shall we look at your numbered list?

1) Product price is about the same and Actipatch lasts as long as a monthly Netflix subscription (much longer when the on/off switch is utilized).

"Product price being the same" has nothing to do with business models. Besides, the Netflix subscription back in 2002 was about $10 per month.

2) Actipatch/RecoveryRX has much larger market potential. While both are available to virtually every human on the planet, RecoveryRX Veterinary is also available to their pets!

No, ActiPatch/RecoveryRx is available to pet OWNERS. I mean come on, look at what you said here. It's stupid.

Also, the high margin RecoveryRX is available by prescription, and the "wellness market" is available for the aches and pains not covered by FDA clearances (menstrual, migraine, restless leg, depression, etc. - just attach to the vagus nerve!).

I realize you're just bleating without giving thought to what you're saying, but in a lot of Vagus Nerve therapy, they stick electrodes under your skin and almost DO attach the device to the vagus nerve. Or are you suggesting that customers actually implant the ActiPatch to attach it to a nerve? Let me guess, you want Social Media Influencers to tell their fans how to do this? (FB group members, remember how this poster wanted Social Media Influencers to sell the ActiPatch to their fans for $100 apiece? It's one of the reasons the Whelan sisters booted him.

Regardless, what you are missing here is that the marketplace LOVED getting movies from Netflix and they LOVE getting streaming content. The marketplace does not love BIEL's products. NO THEY DON'T. Too many customers are "one and done" -- they buy one and they don't return to buy more. This happens over and over again, with every promotion in every country. Don't try to deny it. This is the main reason that comparing Netflix to BIEL is like comparing a strawberry milkshake to a kale smoothie.

3) BIEL's product profit margins are much higher as their operating costs are virtually nothing compared to Netflix (no movie studios and actors required to constantly put out new content).

BIEL's operating costs are virtually nothing ONLY because they are virtually not operating. Do you get that? Do you see that their bare bones operating costs are not a good thing -- it means they barely have enough money to keep the lights on and coffee in the pot. I'd be surprised if anyone actually goes into that office any more. They can't pay Officers, they can't pay for marketing, and they can't pay for research. I guess you stopped reading Facebook when the Whelan sisters kicked you to the curb, but Kelly publicly admitted that she can't get FDA clearance for wound healing until she finds researchers like Ilfeld who will study the device without funding from BIEL.

Oh, and when Netflix started -- and remember that YOU are the one who brought up the 35 cents PPS in 2002 -- their margin was simply "burn some DVD's and pay a special rate to the USPS." They made a lot of money on that business model.

Every sentence of your post is pumperpants nonsense -- you don't know what "Standard of Care" means either, I see -- but let's stop there. I didn't want to read THIS far into your opus. (Are you still quoting me? Talk about irony.)



BIEL