Those updates are NOTHING to do with BIEL. Some buy not researching enough and following misinformation. BIELs situation goes from bad to worse come Thursday. The ACTIBAND which theyve hoped on, for any submission, goes away. Not only will this 510k not show up this week, the newly filed De Novo process, just hits a new speed bump come Friday.
If BIEL used their best case, they would have filed the De Novo months ago, using any ACTIBAND data with the FDA. They chose not to and lied to investors. Of course they always hope. What CEO wouldnt share that they still hope? But facts will only hurt those buying 7s or higher. BIEL will get this, and will dilute into any increases. Play accordingly.
BIEL has ZERO active 510ks for ACTPIATCH. To quote a FDA update page for everything, to something as just for BIEL, will only hurt even more investors. Some want any hope, but it has to be accurate hope. Not only did they lose this key FDA item, but the 28th of October could be the start of the closing down of BIEL. Hold shares if you want. They soon may just be a reminder of things not to touch. Surly nothing is in the works to change any of this. Watch.
Buyers now, will just get caught and stuck in this mess, just at a higher price.
You see how it was used that 5 Million out of a hundred Million went at 7s was a good thing. Nope it was a tactic used many times by the note holders. Typical tactics to bait even more unsuspecting. Rush in to buy and you just lose more. More of BIELs hopes, even for the new De Novo filing get dashed next week.