Bioelectronics Corp (BIEL)

[stockdarockk]

Dont believe for a second this has an A/S of 6 Billion anymore. Numbers that came out last week are only up to June 30th. Proven on financials, theyve been dumping half a billion shares a quarter and have the last 18 months. Yet pps is getting smaller than a lot of that time.

Since its the 7th week into this quarter, minimum 250 million or more on the O/S. Putting the A/S now bumped up again. They got a little clever this time, and diluted to just under the 6 Billion A/S, so that until next quarters filing comes out, and a gagged TA, no one knows if the A/S has been bumped to 8-10 Billion. They could raise to 7 Billion, but more than half of that wiggle room will surface in this quarter. They bumped 2 Billion last time, so its safe to be at min 8 Billion. But.... Lower pps, means more shares, same costs. And if you look at todays numbers, some very huge huge dumps at the low, with a 100 painted close. Shares are adding up quickly here, and they havent even filed a 510 with the FDA yet.

5.9 Billion of the reported 6 Billion A/S all used up. 7 weeks ago.
http://www.otcmarkets.com/financialReportViewer?symbol=BIEL&id=125157