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Thursday, June 06, 2013 5:50:22 PM
Never in BIELS history have the blown through half a Billion shares, so quickly. I doubt they are doing it, because they just want to increase to a nice whole number of Half a Billion. It looks like they are converting the high amounts of debt that is on the books for 2013, and the only thing they can do is RS to get it back under control, once this is done. The bad news, is there is still plenty of debt to convert, this year alone. Based on today's activity and numbers of shares moved again, this will probably see a trading range tomorrow of .001 to .0012, by just following suit to whats moved afterhours to whats seen in pps and what the close price was. I wouldn't be surprised to see .001(possibly triple zero's due to Friday) prints tomorrow, as you have to also factor in the TYPICAL Friday pinksheet selling, that occurs normally by day and swing traders. So there could be a battle at that .0009 to out of trips level of .001, as seen a lot in pinks. Crucial level tomorrow. Today's close was down to under 200k of support left at .0013. At one point today, the support at 13 was over 13 Million. They crashed that support, and a little longer in the day and it would have crashed through the lows of those 13's. When they see this t-trade, I would expect many to see they will likely get cheaper than 13 tomorrow, and see what happened to the 13 Million support today at 13, that they had zero regard for. Play and adjust accordingly.
Also, todays investor update had ZERO updates to any new business. They only updated the same trials theyve talked about being started in a few areas. However, even these are very vague with no details, as in how long, participants, data expected to gather, or anything that could be seen as important. Event the investor updates seem to reflect their laziness to do just enough to get by.
Doesnt look good guys.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=88730811
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