Bioelectronics Corp (BIEL)

[Det_Robert_Thorne]

Revenue: $528K, Net Loss: $457K, OS: 11.1B

BIEL 1Q/16 Revenues were $528K, up 5% from 1Q/15, but down 20% sequentially from 4Q/15.

Net loss was $457K, which was an improvement on the $655K lost in 1Q/15

The OS increased by 395M shares, to 11.1B

Cash and equivalents is $22K, down $122K from the end of 2015.

Weren't the predictions for much higher 1Q/16 sales and a profit?

The number of shares owed IBEX increased by 410M, to 12,365M, while the number of shares owed related parties is 8,431M, up 640M.

The number of fully diluted shares increased to 31.905B, up 1.444B from the end of December, 2015.

Financials:
http://www.otcmarkets.com/financialReportViewer?symbol=BIEL&id=155035

Basic Disclosure Statement:
http://www.otcmarkets.com/financialReportViewer?symbol=BIEL&id=155036