Hey Casper - thanks for the history lesson, I'm a relatively new guy here, having used ActiPatch sent to me by a buddy in Toronto on a badly sprained tennis ankle and couldn't believe it. That's when I checked the company out and bought shares.
You're saying there were PR's and a meeting at the FDA and those two issues were primary reasons enough to jump this thing to 12 cents? I just checked and it seemed to be trading around half a cent at the time. There are probably many more than a thousand meetings a week at the FDA! I cannot understand why this thing is trading where it is after it jumped approx 24 times over a meeting! Makes no sense.
Here we are wating for approval on 2 more BIEL products using the same technology as the approved RecoveryRX and it's trading at a quarter of a cent? I'm confused. Shouldn't it have stayed at the 12 cent region in an 'application pending' state and grown from there? Many other applicant companies have skyrocketed after making application to the FDA. And many of them had not the slightest chance of receiving approval.
I think you're right on what management should be doing - making deals and growing sales and that's what the PR's indicate they are trying to do.
Your message points to someone in 2009 hoping for approval in 3 months from the Sept meeting to Dec approval, isn't that kind of nuts? Was that investors, blog posters or management hoping that cause I suspect the FDA has never given approval for anything but lunch that quickly, so I wouldn't call that hoping, I would call it dreaming.
I think you're also correct that this is not an 'FDA or die' scenario as some may chat about. This is a company waiting for FDA OTC approval on ActiPatch and ALLAY, with approval already on its prescription product RecoveryRx - it is no more complicated than that.
If I get it correctly, they are already approved on ActiPatch and ALLAY by Health Canada - that would be Canada, not China or Cambodia, but Canada. How tough, or perhaps how on-the-ball is Health Canada to have given its approval and how long did that take. We are ahead of Canada on some things but don't those guys have more water than anyone on earth and more oil than the Middle East. That's what my Toronto buddy says and I've only been up there twice, but it's like being in any large city in the US with more money, less guns, less problems and they are polite! If Health Canada has any clue at all, I'm feeling good about the FDA approvals. Again, wish I had deep pockets, but I can't figure out what's holding the stock back....
AI
