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BioElectronics Corporation BIEL
(Total Views: 4092)
Posted On: 04/10/2017 5:34:26 PM
Post# of 8597
Posted By: Redbeard
Well, the 2016 financials confirm it

Despite DOUBLING the distribution area to over 3,000,000,000 people the year over year sales are DOWN 15%

That means no repeat buyers, and less than 50% former market penetration.

The company has $5,000 in cash and $588K in inventory and $5,800,000 in debt, LOL.

Life vests on. Andy signs a HUGE toxic deal and its over--or does nothing and its over.

With the toxic deal will still have an upside to maybe a 1/2 cent--that would be it, more likely range 0.0005 to 0.0030 over time.













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