What makes you think BIEL is in any way progressing from LIMITED to OTCID? There is virtually no factual information from which to come to that conclusion. Furthermore, why would Kelly bother to do this? Based on the last financial statements on record, this company is absolutely cash strapped - what advantage is there to Kelly to spend money to get current? LIMITED status didn't stop Electrome from making a deal to purchase product, and it doesn't prevent trading BIEL in the US. Does it hurt when potential investors see LIMITED in doing their DD? Possibly for some, but it's not a deal breaker. LIMITED status is only one reason, and not by far the most important reason, why BIEL's PPS continues to churn.
Are you buying one particular poster's belief that trading in the US is limited from some brokers who will allow only SELL orders for BIEL? I hope not, because that's 100% false. E*Trade, Schwab, etc., etc., etc. will let people buy and sell BIEL shares all day long.
Again - ask yourself - why would making this move be a priority for Kelly? She needs to move product first and foremost and create positive cash flow, and profitability. Getting off LIMITED contributes nothing to any of those goals in the short term. It isn't, and should not be, anywhere near the top of her list.
First things first - and this isn't a first thing or even close to it.
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