You are telling us, that FDA never approved the drugs, with known side effects, that might be causing cancer, if taking in conjunction or otherwise, but helping certain disease ???????????????????????????
This company it's products yield zero investment value
The only real problem is the BioElectronics 73mV PEMF device is harmless because it's power is so low it borders on snake oil value.
The FDA is talking about "normal size and powered PEMF". The gizmo is not normal powered. Hence why Andy CEO said, "look guys are device is unique, I mean we'll power, are power, it's power is 1/200th to cell phones."
A too low powered pemf gizmo is the reason it's a FDA NO_GO!!
BioElectronics Is One Heavy-IR-Hyped Mess...
THE BIEL REASON FOR DELISTING STATEMENT...
“The Board did not take this decision lightly. However, after consultation with our attorneys and auditors it became clear that the expense and resources necessary to meet the SEC’s reporting requirements were too much for a firm this small,” said Rick Staelin, Chairman of the BioElectronics Board. “We have decided to instead focus our limited resources on meeting FDA requirements and new marketing and sales efforts.” Should read... "We have decided to instead focus our limited resources on doing what we do best, Screwing our Investors". But wait! There's more!
And, what gets me is, 9 months after this statement about meeting FDA requirements, they are caught by the FDA trying to sell in the US without clearance! LMAO Boy the nerve of them!
The FDA Reason For Blacklisting BIEL: "But even the company's approved product has problems, says the agency. Because of the way it's classified the ActiBand device is a prescription product that should only be prescribed by a doctor. But agents with the Center for Devices and Radiological Health say they were able to order one over the internet with no prescription needed."
Boy! How can the FDA "Bielieve" anything this company says again? I certainly don't, and looking at the PPS and volume no one else does either! LMAO
"The FDA requests that BioElectronics "immediately" stop marketing the ActiPatch, RecoveryRx and Allay devices with medical claims attached to them. Furthermore, it also warns the company to limit its marketing of the ActiBand product to the single purpose for which it was approved--"the treatment of swelling following eyelid surgery."
How are those sales to doctors of ActiBand doing? Enough to keep this company out of PinkLand?
$48 thousand in cash a/o March 2015 $691 thousand in total assets $9.1 million in total liabilities $503 thousand in Q1 sales $655 thousand in Q1 net loss
A 73mV PEMF GIZMO WITH WIRES CONNECTED TO NOTHING.
This company is a mess! If you look, the CEO sold 25k worth of stock, bought an innovative award, and got caught when PR-ing the said award like BIEL was making strides. The CEO bought a fake award to draw hype. That was 6.5 billion shares ago. The same CEO who sat on all 3 FDA denials through half a summer while still PR-ing hope, yet was found out all 3 had been denied weeks prior. The CEO kept it "hush hush" and was caught by shareholders who uncovered it.
Well Known SHARE SELLING SCAM
Don't get stuck in here when it dumps back on no new news, but just a hyped mess. Dont be the last ones out, because this one ALWAYS drops hard and fast.
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