Yes it was, and when asked Managment via Investor Relations denied it, in writing.
KT Health LLC was doing fine before hooking up with BIEL, they will do fine without them again. So, you may be right in your opinion of what will happen with KT, I may be. We both seem to be showing our biases. Time will tell.
Ok, sure they put up a flashy new webpage to sell the one product they have. What resources will they use to drive sales from that site. We all know and hear it here frequently, there is no money for marketing. That was the whole point behind the OEM model. The focus seems to be on clinical trials, meetings with hospitals, insurance reimbursement, and the NoPain act. Continuing to sell a few devices online is a reasonable thing to do, but I haven't still heard a good thesis on how backing away from KT is a good for shareholders.
I agree with you that the KT Tape re-writing of their agreement is not a negative. The OEM Partner business model was not the "miracle cure" that Kelly and Keith claimed it would be. Yes, it generated some sales, but the OEM Partners alone won't cut it.
IMO, BIEL needs to sell the ActiPatch OTC if they are ever going to succeed. The KT Tape non-compete clause was a huge mistake.Good to see that they finally remedied that mistake.