I would think by end of week we will be sitting at 0.5 to 1 cent. Then over the next month we will work up to 2 to 2.5 cents. Since Biel could be approved any day since they already filed their 510K back on Aug the 6th the move could happen in the next two to three weeks. Once approved I would think we would be around 3 to 5 cents. Licensing agreement and sales 6 months down the road would put us around 5 to 8 cents. If sales are really good may push up to 9 to 10 cent 2 years out. That my guess... It's penny land so it's anyones guess... GLTA!
IMO if you want a 2 or 3 bagger, that will be very possible over the next several days. The MMs have their claws into BIEL so there will be some turbulence during the ascent. BIEL has a pipeline full of positive events on the way and the FDA Reclassification will accelerate many of them so a longer term strategy should also be considered, or play both.
BIEL went from .0006 to .001 in a few hours Friday afternoon on 450 million shares of volume with only a handful of people aware that the FDA Final Order would be published on 10/13. The word is spreading this weekend with a full day of trading on Monday. Tuesday the Order is published so those that didn't get the heads up will bring a third wave.
As always do your own due diligence as it is your money.
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