Is the iRenew Bracelet a scam?

I saw this infomercial for this bracelet that claims improved balance properties, increased energy, and other healing properties. I have a pretty open mind to alternative medicine/therapies, but this one seems far fetched. So far, a Google search result seems to produce only positive reviews that are obviously paid... show more I saw this infomercial for this bracelet that claims improved balance properties, increased energy, and other healing properties. I have a pretty open mind to alternative medicine/therapies, but this one seems far fetched. So far, a Google search result seems to produce only positive reviews that are obviously paid advertisements/blogs on the product.
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