E-mails from E&E? Of Course! The standard Biel pump-n-dump communications! It all fits! Just look at BIELS past. Back in 2009 when the-company started pedalling ActiPatch everyone thought it was the best thing since sliced bread. Why? Company profits shrunk from almost day one with ActiBand in 2004! The CEO was forced to come up with something to "bait-the-hook" again so, they slightly changed ActiBand, put a catchy name on it, and call it ActiPatch.
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 7.5 billion shares ago. Obviously, either the company didn't know how to market ActiBand, and or, doctors were caring less about this new PEMF product that was approved years earlier.
2010: The company tell investors sales are great and assets are good so, their going to up-list to a higher exchange but, this requires an audit. so, after months of auditing the company the results come out and guess what? THE COMPANY AIN'T MAKING WHAT THEY SAID THEY WERE!...LESS! And, guess what else? The audit was because BIEL was caught by DTCC committing violations. CHILLED FOR 3-1/2 YEARS!!! YIKES!!!
2011, April: Because the audit showed assets were really nothing what they were, the company was forced to delist from a fully reporting company with the SEC. http://www.bielcorp.com/bioelectronics-files-form-15-with-securities-and-exchange-commission/ All this time The company pumping the products and adding new ones left and right. Filing 510K for them and saying everything will be fine. Adding distributors around the world as in things were ready to explode...right? Wrong! And, it's around this time the FDA notifies BioElectronics none of their 510k's are cleared. NSE = Not Sufficiently Equivalent.
2011 2nd Half The CEO 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.
2012:January BIEL was also caught by the FDA trying to sell in the US in 2012 without clearance. Boy the nerve of them! This is shortly after capital requirements kicked them off full reporting markets. And, what gets me is, 9 months after this statement about "meeting FDA requirements and focus our limited resources", they are caught by the FDA trying to sell in the US without clearance! http://www.fda.gov/ICECI/EnforcementActions/WarningLetters/2012/ucm292029.htm
So, after all this, were wondering why the share price is still in the gutter?
This company is staying barely within the law right now to keep doing what they're doing and getting away with it! Not telling investors immediately about the FDA denials is one major reason why the investor participation is what it is today!
So, now we're here today wondering why the price is still where it is?
Well, the one big reason is because no deep pocketed investors "bieleave" a word this company says. They have left and will not return. Now, this company is stuck "rotating the PR bait on the hook".
Nothing's changed in years with is company and nothing will. This PEMF product is about as popular as chickenpox with investor's.
9 Billion Shares Outstanding now!
GOING ON 10, 11, 12, 13 BILLION!!!??? Super Yikes!!!!
NO-VALUE IN THE COMPANY, STOCK, OR PRODUCTS
THUS .0006 CENT PER WORTHLESS SHARE
NOT EVEN WORTH THE COST OF PAPER TO PRINT YOUR WORTHLESS SHARES ON.
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