Taking into consideration Deferred Revenue, the year-over-year change in sales as of 9-30-2022, is -$607,517, or -43%

Now, accounting for deferred revenue, the revenue variance between the 2022 3rd quarter versus 2021 3rd quarter is -$212,163, or -51%

It's getting worse

Time for a new CEO, but that time has likely passed, just like the value of BIEL.

https://www.otcmarkets.com/stock/BIEL/disclosure

Update to the linked post

Viva La Andy !! Andy died

Viva La SREE !! Sree left the company some time ago.

Just to clarify the statement "They spent over 30 million dollars to get fda clearances."

The Whelan's spent over $30 million of STOCKHOLDER'S money. AW printed shares of BIEL, didn't register the shares, gave them to KW, and KW and AW sold them investors, the proceeds DID NOT GO DIRECTLY BACKAccording to the SEC, KW invested s

What will be nearly "empty" is our investment accounts when PW and KW either sell their ill-gotten notes to the highest bidder or convert their ill-gotten notes into nearly 2/3rds ownership of BIEL. Either way, long-term investors are again screwed by the Whelan Family.

Absolute Bullshit!!! BIEL is in the trips because of the risks involved with BIEL.

Investors don't want to see their capital evaporate. And the capital of independent investors is at risk of evaporating. Where did the PPS sit when Andy died? Where is it now? New products, new distributors, new customers, and yet the PPS sits in the sewer.

What is the common denominator?

1. Convertible Notes: enough to wipe out 2/3rs of investors' value
2. A Whelan at the helm. They have been self-serving, living off the sales of unregistered shares of BIEL. Racking up fines and penalties from the IRS and SEC, leaving investors holding the bag.

These two risks scare the hell out of any savvy investor.

If KW wants to see investors receive a good ROI. She should step away from the company and write off her ill-gotten notes.

My favorite line in the article is" Microcapdaily has been reporting on BIEL for years ".

Yet, here we sit in the trips at $0.0005

Microcapdaily been wrong for years, but they still want readers to give them respect and investors to put their money in Microcapdaily's stock picks.

I'd laugh if it wasn't so sad.

"All That Matters Is The Future." ?????

All that matters is that KW and PW have enough ill-gotten convertible notes to wipe out nearly all the holdings of current investors.

That is the #1 reason why there are not more long-term investors in BIEL. Too much risk. Risk of who's running the company and risk of seeing their investment take a massive hit.

Rehash: The most important "rehash" is BIEL's PPS rehashing the trips.

The market continues to speak, and BIEL, with KW at the help, is nearly worthless.

If she really wants to see the PPS go up, she should write off the ill-gotten notes she holds via her IBEX, LLC.

"Rehash" Hahahaha

Official Post of The Day!!

Well stated!!!!

I did read the financials, and the Public Float is 97.7% of the OS. The Whelan's own 0.15%.

I did read The Articles of Incorporation and the By-Laws, and the BOD is to be composed of those nominated and voted in by the Shareholders.

I did read the SEC filings and learned that KW, PW, and AW scammed their way into millions of convertible notes. Those ill-gotten notes do not give them authority to overrule the legal filings of the company.

Will BIEL shareholders every rise up and demand that their lawful rights be honored?

THE WHELAN'S DO NOT HOLD A MAJORITY OF THE SHARES

Read for yourself. Here's a link to the Bioelectronics Corp., Quarterly Report For the Period Ending: March 31, 2022

One can easily see who owns BIEL


Why don't we, those that collectively hold 97.7% of the OS, have any say on who sits on the BOD? Because BIEL has an illegitimate, self-appointed, CEO, President, CFO, and Corporate Treasure in the corner office.

On page three you'll find that:

Even though it is required by the Articles of Incorporation and Corporate ByLaws I've never been invited to a Bioelectronics Annual Meeting of Shareholders and I've never been given the ability to nominate and for the Board of Directors, and my first purchase of BIEL stock was on Feb 6, 2017.

IMO, they continue to operate outside the law when they fail to honor the law.

WHAT?!?!?!? "Biel Did Nothing Wrong"

Well maybe not Biel, But Andy Whelan, Patricia Whelan, and Kelly Whelan, sure did a lot wrong.

Here's just a sample of what they did wrong.

For years, the Whelan's have pull on the heartstrings of many investors.

We've been repeatedly told that borrowing from IBEX and St. John's was needed to "make payroll and keep the lights on."

How did Patricia Whelan, St. John's, LLC, come to claim being owed 20,792,944,394 shares*** of BIEL? Purportedly she loaned money to BIEL "so that BIEL could keep its lights on". However, Andy borrowed money from IBEX for payroll**, he then designated a portion of the borrowed money as his salary, and caused BIEL to transfer the money directly to St. John's, after which St. John's loaned the money back to BIEL at outrageous terms. Terms that according to the SEC caused "substantial harm to investors"*. This "egregious and repetitive misconduct"* significantly contributed to Patricia's "accumulation" of shares. No wonder the SEC repeatedly used the terms "ill-gotten gains" and "self-dealing" to describe the Whelan family. BIEL clearly didn't need to borrow money if the money was immediately reinvested in St. John's. What was the purpose of this self-dealing? To increase the wealth of the Whelan family. Patricia now claims that BIEL owes her $5,289,037, as of 12-31-2019***

...and by "their", you mean the SEC fine created by the actions of KW and AW.

Of course, stockholders will be paying this bill, of no fault of their own, other than to have believed that the Whelan family had their bests interests in mind, which they didn't.

We'll know more after the next quarterly filing. But, I can't help but wonder if that massive sell-off a few days ago was PW dumping her ill-gotten shares, derived from the conversion of her ill-gotten notes.

I've heard about "Big Time Distributors" for MANY YEARS, and those firms just disappeared from the scene.

History does have a way of repeating itself, and I think that the same will be true with the new "Big Time Distributors".

"Fool me once, shame on you. Fool me twice, shame on me."

Andy fooled a lot of us for years, and now KW is doing the same. The apple didn't fall far from the tree.

Is there verifiable evidence that KT Health placed a restocking order since June of LAST YEAR?

Answer: NO

KT appears to be struggling to sell the loop like all that have gone before it.

Agreed. Well stated. Short and to the point

Okay, let's just modify my quote with the word "RECENT", as you've provided documentation that KT's last reorder was delivered nearly A YEAR AGO, on 6/27/2021. Furthermore, each subsequent order size dropped significantly.

I hope that its success exceeds all expectations.

Over the years, I have bought many many loops from BIEL directly, through Amazon.com, and at CVS.

I believe in the product. I don't believe that stockholders holding longer-term will realize a reasonable return for this risky investment. I say this because 1.) the convertible, ill-gotten notes held by KW and PW. If converted, these notes would nearly triple the OS. My guess is KW sells her notes to a company that will dispense with us, minority shareholders. I've seen it done. 2.) the financial performance is awful. The balance sheet shows the overwhelming liabilities, the cash flow statement shows the reliance on predatory lenders, and the P&L looks awful if you remove the government subsidies, like PPP. 4.) we're not seeking significant, if any, restocking orders.

If KT Health can't sell this product, I doubt that anyone can sell it.

That's why I was so disappointed that KT didn't place a sizeable restocking order.

Financial Reports:

I for one really appreciate someone uncovering the finer details contained in the financial reports. BIEL's performance becomes more clearly understood when you learn the actual amount of sales, the wild swings in COGS, the changes in balance sheet items that affect the P&L, like PPP forgiveness, the amounts owed to the IRS and SEC, the number of shares outstanding, and the tens of billions of shares that KW and PW can obtain via conversion of their ill-gotten notes.

All of the aforementioned items speak to the true value of the company, and at every turn, they don't look good. Remember, "the Devil's in the details" and it is true with BIEL.

How many years is BIEL behind remitting payroll taxes to the IRS?

When taking the Payroll Taxes balance of $502,038 and dividing it by the payroll tax rate of 7.65% (Social Security (6.2%), and Medicare (1.45%)) the gross wages subject to payroll tax are $6,562,588.24. How many years did it take for BIEL to spend $6.6 million on payroll expenses? Is BIEL at risk of being shuttered by the IRS?

Also, thanks to the ex-CPA in charge of the company, shareholders will pay the $279,370 of estimated penalties and interest related to the outstanding and delinquent payroll tax remittances. This reminds me of the SEC penalty that this family originated, but stockholders will pay the $183,640

Please share the information about $BIEL that was available online and what you deemed as "All good. VERY good!!!

BIEL 1-year ROI: - 313%

On April 30, 2021, the stock closed at $.0033, today it is trading at 0.0008

A $10,000 investment in BIEL on April 30th, 2021 would be worth $2,424 today.

Hahahaha.

On April 30th of last year, I was called a "dumbass" for seeing the risks of KW running the BIEL train off the tracks. The stock closed at $.0033 that day.

So, a $10,000 investment in BIEL on April 30th, 2021 would be worth $2,424 today.

I wouldn't buy back into this falling knife.

He navigated to the list of Distributors, which does show both KT Health and DonJoy in the United States. Based on the main product link to KT being broken, and a massive decline in quarterly sales, I can't help but wonder if the KT link hasn't been updated yet?

BS???? If one goes to ActiPatch® Relief landing page, and activates the "BUY NOW" link, the internet returns a "404 - PAGE NOT FOUND" error message.

Wow. If she really posted that response on a public forum, I can understand why KT would hesitate to further market the device.

When I click on the "BUY NOW" link found on page:

https://www.actipatch.com/actipatch-products/actipatch-back-pain-relief/ it returns a "404 - PAGE NOT FOUND" error message.

I recall that the link previously redirected to KT's Recovery+ Wave product page. Perhaps more evidence that KT and BIEL's relationship is in the toilet.

I did find that DonJoy is selling the back, knee and replacement loop on their website: https://www.donjoyperformance.com/catalogsearch/result?q=actipatch

I guess if you want a full 720-hour ActiPatch, buy from DonJoy, don't buy from KT. Maybe KT was upset at not having an exclusive on the ActiPatch loop.

Maybe KW should redirect the "BUY NOW" like on the BIEL website to point at DonJoy's AcitPatch landing page.

Yes, KT's OTHER products are readily available at CVS, just not their Recovery+ Wave, the privately labeled ActiPatch product.

KT's Amazon store has the Recovery+ Wave in the discount bin.

BIEL's sales are significantly down, and products are missing from store shelves and online sites.

I don't believe in coincidences. Something must be up with KT & BIEL.

KT Recovery+ Wave is not found at CVS.com.

KT's Amazon store doesn't show it on their landing page, nor on their "products" page, rather you have to search their Amazon store to find it, and it is marked 17% off. Not as much as BIEL's pps has been marked off.

IMO, something bad is up with BIEL's relationship with KT. And that is on top of their worst quarterly financial filing in memory.

What happened with KT Health?

I don't see KT Recovery+ Wave at CVS? If KT can't sell the ActiPatch, I don't think that it can be widely sold.

The quarterly sales are dropping like a rock. Did KT not restock? If they didn't restock, are they done with ActiPatch?

COGS skyrocketing, Gross Profit crashed, revenue down, cash is gone, bills unpaid, inventory sold off, predatory lenders now funding the operations. KW and PW still holding enough ill-gotten convertible notes that they can own about 2/3rds of a dying company.

KW has only made a one-time nominal investment, and never put any additional capital at risk.

How did she aggragate millions in notes worth billions of shares?

She illegally obtained unregistered shares of BIEL from her dad, illegally sold those shares to investors, loaned some of the ill-gotten proceeds of the illegal stock sales back to BIEL. Then roll the notes over every few years, or sell the convertible notes to investors, until she's sitting on notes convertible into 20+ billion shares

In short, she was illegally transferring common shareholders equity to herself.

Here's a hard truth.

KW and PW are sitting on ill-gotten convertible notes equal to nearly 40 billion shares. Could this be a contributing factor to the drop in PPS?

Is it reasonable to BIEL's non-insider investors that KW's "one-time, nominal, and undocumented investment" could be rolled over and over and now hold a conversion right to 20,224,643,240 shares of BIEL, as of December 31, 2020?

KW, do the right thing and forgive some of your ill-gotten notes.

I've seen pictures posted by KW, and she's definitely not worked her butt off.

Thanks for sharing. I just logged in

BIEL's recent success is due to the fact that Andy is no longer interfering with the sales team, and since his death,-AND- that KW has kept out of the way. I don't believe that she is actively leading BIEL as one would beleive.

INCORRECT INFORMATION

I understand that KW believes that BIEL is a family business, and not a publically traded company, and yes the Whelan family owns enough convertible notes to control the company, but they've NOT YET CONVERTED those notes into shares.

The BIEL BOD should abide by the corporate by-laws, but they are unlawful. Who can see this company as a legitimate company when they treat the majority of investors like they don't exist.