Well, the 2016 financials confirm it Despite D
Post# of 7809
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Posted On: 04/10/2017 5:34:26 PM
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.
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.
(1)
(1)BioElectronics Corporation (BIEL) Stock Research Links
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