Bioelectronics Corp (BIEL)

[investordisciple]

hobbystock,

That's what I'm doing. The reclass news via FDA was exciting in that BIEL has another chance. But thus far, they haven't delivered. Granted, the biggest issue is that their original approach was to find any distributor out there to get bulk orders in. One can only guess as to the reason, but the most sound one would be to keep cash coming in. They've dropped nearly all of the old distributors.

Now, they've (after years, mind you.. trying and failing, trying and failing again) finally set themselves up with potential overseas. They first tested out a new campaign and got themselves in some pharmacies in Spain (seems to have been around info mining) as a first trial. Now they seem to be going full force in the UK. Getting into Boots was great. Being sold out on Boots online can be taken in multiple ways. Either it was a big order and they've sold out which should look good later, or it was a small order to test the waters.

My personal opinion, is that it was a small order to start. Boots is huge and it'd be smarter for them to take a sample for a trial run. They are actually on store shelves in the UK though, in Boots. That is a solid achievement for BIEL's history, but not necessarily as one to move pps. But, there are no financials as of right now to verify how well they are actually doing. We'll have to wait for those.. and those will probably not show up until the middle of May. BIEL tends to release them 6 weeks after the quarter.

So, I'm waiting for the stock to make its way down again since I expect the FDA ride to take a while.

I'm a long, and will always have some shares but did sell some that I bought in lower at. This just gave me more to play with as the stock drops over time. It isn't purely financial for me, I really do believe in the product (and have used it with positive results) and want to see it succeed. Whether the management of this company can achieve that has always been hard to follow. There isn't a lot of positive history but with what I mentioned between Spain and the UK, it seems like there's been some serious strides in learning over the last year.