Love your cut-to-the-chase logic 3 pointer.
People invest in public companies to buy a ticket on a ride into the future, not the past. Very bright scientists developed PEMF and I guess someone else then developed the BIEL patented product for post-op eye surgery treatment, the FDA approved it and BIEL owns that. Period! The company has applied for numerous other approvals for the same treatment on an OTC marketing and sales basis on new, patented products, for several indications using that same concept which has proven to have no harmful side-effects.
To your comment about politics and corruption, call me naiive or too trusting, but I cannot imaging anyone at FDA or an elected official being stupid enough to risk the mess in the press, a public trial and jail with the key thrown away to reject BIEL and its already approved product for another indication. Makes no sense. The public, the courts, the SEC, Wall Street, the banks, all got wake-up calls, what with Marta, Enron, Bernie, the Crash, etc., etc. Nope, I like the FDA, and what it does and how it does it. It protects us from idiots who would put melamine in baby formula and sell it for profit.
Using my perhaps simple and naiive logic is the precise thought process I went through before buying shares in BIEL. If the shares had been trading at a dollar or more, I would still have bought. I know, a hundred posters are going to say they will sell me their shares at a dollar, but you get what I mean.
On balance, I find no reason why the FDA would not approve BIEL's applications. So much so that if I were the Chairman of J&J, makers of Tylenol, or other companies making painkillers, I would buy BIEL, so I would own the patents on a breakthrough pain reliever, therby gaining an advantage over my competitors. Can you imagine - approved devices to replace chemical painkillers? The concept is mind boggling. But, for the moment, I own a piece of those patents held by BIEL - that's why I invested.
