Replies to post #208973 on Bioelectronics Corp (BIEL)

[gimmee greenbacks]

This is such BULLSHIT :

“ Why have only us small stockholders lost money, while IBEX made, and likely continues to make, millions of dollars? KELLY WHELAN via IBEX has only been a conduit of moving money from small equity investors to her pockets and BIEL. No net gain for minority stockholders because of insider dealings. “

Let’s get serious.

Forget for the moment about all the costs associated with running a business, research and development, conducting clinical trials and establishing establishing marketing channels etc.

How much money do you suppose it takes to get a medical device cleared by the FDA from concept to completion ?

Here take a look :

“ The average cost to bring a low-to-moderate 510(k) product from concept to market is $31 million. How Much Does a PMA Device Cost? High-risk PMA costs averaged $94 million, with $75 million spent on FDA-linked stages. “

https://mdepinet.org/wp-content/uploads/S5_1_Martinsen.pdf



BIEL