Bioelectronics Corp (BIEL)

[Brabo]

All, please invoke (and pray to)Saint Jude* for the management

In the investors update of yesterday, they as much as acknowlegded they followed the wrong strategy for the last two years (Me think I've proven my point here, ranting the last months).
To the tune of 500.000 $ a quarter in operating costs, this amounts to a loss these previous two years of ... well do your own math but it is a lot of money.

Have they learned from their mistakes ?
Not yet, cause I'm missing hard factual facts from yesterday's investors update such as:
-retail launch in Canada, promised for this fall: contracts, figures, numbers of outlets, confirmed names of chains that are going to carry the product...
-the famous Dr Scholl's lead: contracts, figures, numbers, commitments ....
-FDA progress: 3 months on they could have called them to hear about their status, progress... which they did NOTTTT????


What did we get: nothing, zilch, nada
So it's either Saint Jude or some really professional help to reanimate management

* Saint Jude, patron of the hopeless cases