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Thursday, March 22, 2012 12:58:32 PM
I've read all the post since your well justified "rant" and to your copnfession that you are a gambler, as we all are when investing in publcly traded companies, please allow me to pose a casino analogy.
No dealer will ever say more than "welcome" or "good luck" when you sit down or "thanks' when you tip. They will never say, "you'll be a winner soon" or, "in a few weeks' or, "next hand" or "any day now" - they would be immediately canned.
Whoever told you and/or other investors these fables did you all a disservice. I am a businessman. Had I been CEO of BIEL, I would have muzzled all employees from speculating and limited comments to this. "Steve, we thank you for your confidence and investing in our company but I cannot and will not speculate on when we will hear from the FDA as that wiould be doing you a disservice. I will not twell you what I think you want to hear! We have applied to the FDA for approval, we've answered all their questions and there may be more and we are just as hopeful of hearing the results of our applications at an early date."
Period.
What I wanted to check was Mr. Whelan's background re public companies. He's has some experience I see, but no indication of past work with the FDA on applications or approvals. This could be as simple as he spoke when he should've been very silent, as he is now. If so, he knows it better than anyone, but rant away bud.
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