For the week of February 22nd we are closely watching several situations. Here’s the brief run down:
BIEL- The audit is now out and listed on the pink sheets site. It is through 2008, but does not include information on the 9-month review of the financials up to Sept 2009. Because this additional review has been completed we expect the full 2009 year end audit to be completed shortly. The release of these numbers should help on many fronts – calming investor fears, helping to execute an OTC (off pinks) strategy, lifting the DTC chill and we hope allowing trading at TD Ameritrade and Scottrade. With international heating up and the audit behind us, I think the price of BIEL shares will rise.
PASO – Press release out today about the company going live with it Electronic Medical Records (EMR) product offering. This is a very important event as the company has been selling the product for about 2 months, but can now flip the switch making it live, which allows the revenue to flow. With the EMR product now in revenue production stage and the home health care digital pen program beginning, 2010 should be a year of strong rev production for PASO. Congrats to the PASO management team for going live. EMR is a true growth area.
CSKH – As I have said – Clear Skies is probably the biggest value within my portfolio group. CEO has made some strong statements about growth and financing is back in the solar industry. The conference call tomorrow after the market close should educate any non-believers. A real undervalued situation. Check the press release today about the release of our new research report, which is not on this blog under the CSKH tab.
KEYO – We are on stimulus watch this week!!!! The feds have indicated that all award notifications will be made this week. As we have said many times over the past 6 months – We believe KEYO will get a significant award. We are clearly not the only ones believing this – take a look at the recent SEC filings. Investors have committed over $50 mm in financing to the company. If KEYO get its stimulus grants and awards this week, look for these shares to be up 50% to 100% in just a few days.
OPMG – We talked in detail to the CEO of OPMG this weekend. With a strong balance sheet, new sales initiative and growth coming back into the business we see these shares as being silly cheap. We will be talking about this name a lot over the coming weeks.
CCGI – I noticed the home page of Yahoo is sponsored by the Nissan Leaf electric car. These vehicles are rolling out in 2010 from several manufacturers. While the cars are coming and battery technology has improved, which increases range, most who follow this developing industry believe consumers won’t flock to the electric car until they can recharge it somewhere. This is where CCGI steps in. Take a look at the press release that will be out today and the report that will be issued later today. We think you will hear a lot about CCGI over the coming weeks and months.
BMGP – CEO Hardman is preparing for a big trip – heading to Mexico later this week to finalize the clinical trial with one of Mexico’s biggest labs. Over next few weeks headed to India to get things going there. We continue to believe the integrated optical biosensor technology developed by Los Alamos labs and controled by BMGP could rewrite field testing for pathogens. With a small float of only 64 mm shares, we see the total market cap of BMGP as being kind of silly relative to the overal opportunity.
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Joe what r andys thoughts on a conference call?
someone posted this on one of the blogs and people are running with it. Dont know what effect it will have on the stock this coming week.
“Interesting read, check it out. Naked Short Selling BIEL. ”
http://www.htdsmedical.com/docs/Coulson%20Letter%20Wrongful%20Caveat%20Emptor%20draft%2020091029%5B1%5D.pdf
the link is very interesting. because BIEL is still on the no buy list since then in some trading institutions – almost 6 months of no buys.
CONFERENCE CALLS is no longer a choice. and mr Whelan need to understand that. ANSWERS to so many issues is needed as simple as that.
He need to (must) let shareholders know were things stand: immidiate, mid and long on all angles: company plans, restrictions, holds (CHILL and the likes), 2009 audits, OTCBB, FDA, sells and revenue (put out some actual figures and detail) and contracts etc.
2 hour live conference call that should include a full 45min to one hour questions and answers section, so that people can bear the minds out on matters concerning this company. because a lot of people have questions to ask. personnally, I will be live on that call and I will be asking questions too.
thats the only most effective way to turn the furn of this stock around and start moving its pps northward.
unless he is one of the short seller (who knows), he doesn’t have to do any of these.
Mike I agree with you though that most of these has already been in press releases.
I am talking about making the next round of major news and biel updates to come in the form of Conference call. I think it will be more effective that way. I really dont want to see this stock touch double zeros again for good.
I have discussed with him and told him I think it is a good idea. He is considering, but i thnk he wants to get a few additional things done first. Joe
Well…I have to respectfully disagree with the immediate conference call…it is NOT the best way to turn the stock price around…producing results is…talk and PRs and conference were what artificially drove the price up last fall…only to have that price come crashing down to reality when the company could not meet all the hype in the PRs, conference call, and on the message boards.
I guess I must ask…what is the goal of the conference call? To try and artificially shot the price up so people can dump their shares they bought last fall?
Frankly this is not why I am in BIEL…I want the PPS to rise on REAL results…those results started with the completion of the audit up to 2008…they will continue with the completion of the 2009 audit…to be followed by movement off the pinksheets (THIS CAN NOT HAPPEN WITHOUT 2009 AUDIT)! Then removal of restrictions…coupled with international sales and finally FDA clearance…how long do you think this takes? It is not a daily or even weekly timeline…it is measured more in months and even quarters…
Andy JUST said that the 2009 audit would be done by No Later Than 30APR10…do we really need to waste his time, just so that he can say…”yep no change…audit will still be done by no later than 30APR10″. So…what will this answer provide you? Will you then change your position in BIEL?
And the notation that a conference call will jack the PPS up is simply a Myth…there are numerous cases to point this out…CSKH just had a conference call on the 25th…what happened to the PPS?…On Dec 4th BMGP held a conference call…what did its PPS do since then?
I guarantee you this…within 1 week of the conference call…people will be right back here screaming for more information…crying because there is no change…no daily PR…why is the stock not skyrocketing, after all we just had a conference call…the answer will be simple…because Andy will not be able to answer on the call…because nothing has changed in the last couple of weeks…then where will we be?
If you bought BIEL last fall, expecting a 1 to 2 month turnaround of your money…well I am sorry but that is not how it works…if you did not plan on being in for a year or longer…well…then you had false expectations going into this stock…you are not an investor…you are a gambler and my sympathy is extremely limited…it may sound cold…but I think it is a strong dose of medicine that I think many need…
…in businesses like this…2 to 3 months is a blink of an eye and very SHORT term…staring at the PPS every single day and demanding results…well…hate to break it to ya…it won’t speed any of these processes up one single second!
Just my thoughts…
In regards to my previous post…I do think that a conference call after the FY 2009 audit is released would be a good idea…and I am all for a regular scheduled call every 2 months or so…but having one right now…would probably be a bit counter-productive…
thanks,
tvanyo_2000
i don’t care about audit,otcbb, what i want to know is 510k approval and reclassification ,what i want to know is the biel’s future.
joe ,please do me a favor
thx again
francis
Below is my e-mail to Andy Whelan. I will post his reply if/when I receive it:
Dear Mr. Whelan,
I know that you are a busy man with a lot on your plate so I will keep this as brief as possible. I have been invested in Bioelectonics since last June/July. I hold 1,485,000 shares at a cost of $90,868.20. As of today, my shares are worth $30,765.00. I’m down over $60,000 and, obviously, I am very concerned with my investment.
Some questions I have are as follows:
1) Has the FDA denied the 510k applications that were submitted for Actipatch and Allay? If not, what is going on and what steps are you and your management team taking to address the issues and move this process along? While I don’t put a lot of stock on what is discussed on Yahoo Finance Message boards, there seems to be a general consensus that 510k applications should not take this long for a decision. If the FDA has or does deny the applications, will you inform investors of this via an official press release?
2) What do you see as a realistic timeframe for movement from the pinks to OTCBB? Tied in with that, what do you realistically see happening in terms of the trading restrictions on BIEL stock?
3) What meaningful international sales are in the works or forthcoming? We hear a lot about Bioelectronics products being marketed in Canada but many Canadian posters on the message boards claim they cannot find the products on the shelves. These patches should be flying off the store shelves. If they don’t sell in Canada, how can we realistically expect them to in the U.S. if/when we do receive FDA approval?
4) What is the status of Joe Noel? Is he still actively involved with BIEL?
5) Are there any plans to have a conference call in the next 30 days? I’m afraid that unless there is some meaningful action/progress on the part of BIEL management in the next few weeks, the company’s stock and future are dismal. Greater honesty/transparency are critical at this point.
Thank you for your time. I look forward to reading your reply.
Alpha – Andy’s been really busy so maybe I can help. The 510Ks are still in front of the FDA – we plan to continue to present our case. Both 510Ks are still active. We will some additional communications with FDA very soon which should cast some additional light on what will happen next. The next step relative to moving off pinks is the completion of the 2009 audit. It is underway – as we have said it will be done by the end of April at the latest, probably earlier. Relative to Canada – a change in the disto is currently being made, so some store many not have product currently. I am still very much with BIEL. We discussed doing a conf call today, but have not made a decision as of yet. Joe
Francis – I wish I had an FDA update for you. I will talk with Andy to see what updates he can provide. We are still working the 510K angle. Joe
I agree that call after the final audit is releases would really help. I have made the recommendation to managment. I hope we are able to put it together. Joe
Joe-
By now, someone must know something about KEYO’s ARRA funding.
Is it a fact that they never got a rejection letter? If so, then are we simply waiting for the amount of the award?
Joe –
What are you hearing on KEYO? The market is seems to be concerned that they wont get any federal money.
I have not heard anything – please let me know if you do. My understanding is that all rejection letters have gone out and that KEYO did not get one for any of the 11 bids. Management has gone radio silent. Not sure how to take that. joe
My understand is that you are correct – it does not appear they got a rejection. 1800 applications – 1750 rejections. Hoping to remaining 50 are in the running for the funds. Joe
Can you give me an example of 1 store in Canada that has a biel product on the shelve. I’m in Vancouver and cannot find it anywhere and I don’t believe it is in any store out here…not 1.
I live in Toronto, Ontario, Canada (the biggest city in Canada) and can NOT find these products on the store shelves that are listed on the website. I believe BIEL is really missing out on a key revenue stream here. I have emailed the company directly for clarification and have recieved no response. Any clarification would be great Joe. Invested since Aug 2009 with 436,000 Shares.
Thank you for your time. Hope to hear from you soon
joe, thanks for Keyo. This was a nice stock for shorts, waiting for the cc.
Amitabh – Was disappointing. To be clear, I had not been telling anyone to buy it. Told people many times that if there were not in at lower levels the risk exceeded the rewards. joe
Kaos = The product in Canada is being relaunched with a new distro partner. Many of the Canadian stores have not been restocked during the transitition. Coming soon to TV and stores in Canada – Andy will be discussing this specifically tomorrow in his taped interview that we hope to release on Monday.
Toni – The product in Canada is being relaunched with a new distro partner. Many of the Canadian stores have not been restocked during the transitition. Coming soon to TV and stores in Canada – Andy will be discussing this specifically tomorrow in his taped interview that we hope to release on Monday.
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