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>>>That isn't current, that's for 2023.<<<
You are kidding, right? That was the most recent reported by the company. So I am to report the first quarter 2024 that has not been reported yet to the stockholders by this leadership? WOW! Please stop embarrassing yourself.
And if one wonders why this is FUN ---- here's a great example. LOL!
>>>Admitting that you don't understand the financial statements is just one step in a long journey to hopefully a better place for you<<
Who is admitting they don't understand financials? LOL, I understand them perfectly ---- and they are UGLY! YOU wanted the current financials and they are here for 2023. They do not report quarterly anymore, so the yearly financials are the only numbers to see. Did you see my post on the numbers that were in those financials? Please tell me the positives that one gets after reading and understanding them? Did you take that accounting 101 course yet? Did you see that laughable asset to liability ratio? Did you see that cash on hand? Did you see all the notes that have matured and the number of common stock (BILLIONS) that needs to be paid to the note holders due to their conversions? It's all there in my post that I got from the financials that they FINALLY posted. I suggest you read them. Please don't make me post again, lol. The market sees that they are UGLY, thus the .0002 stock price. Yes, one tick from the bottom.
And yes this IS fun!
The "remember when you could have bought Biel at this price" has been going on since the double zeros, all the way down to where it is trading now -- one tick from the bottom. Sure hope that not too many listened to THAT in the high double zeros - OUCH!
LOL, what 'truth' and who got offended?
And I could care less that you and all the other true longs think I am annoying. Some on this board need to hear the truth about the numbers that this company posts - when they feel like reporting them. Now go read the financials they just posted and come back and PLEASE tell me where you and all the other cheerleaders see the positives? Especially check out the number of shares that are to be converted from the 2022 and 2023 notes that matured. And also notice the cash on hand of $4686.00. Don't forget to see the totally laughable asset to liability ratio. Just for an accounting 101 review (if you don't know) an asset is something you own of value and a liability is something you OWE and have to pay. You would prefer to see those assets much higher than the liabilities -- ya think? --- Got it?
KW foregoes all salary for years ending December 31, 2023 / 2022 - Where is the money that can afford to pay her a salary? Did you see the cash on hand: $4686.00? And she is getting her and the fanily notes converted at 50% discounted stock price.
IBEX LLC agreed to forgo all interest from 2020 through 2023 - Again where is the money to pay that interest? Sounds better to say 'they are foregoing'.
Keith Nalepka still owns 100 million BIEL Shares - Big deal what does that prove? He is gone!
Dr Staelin supports BIEL with $500k in new loans for 2023 - Throwing 'good money after bad' - not a yery good investment strategy -- ya think?
BIEL still investing in R&D $272K - That's ALL they do! They don't sell product anymore with their OEM strategy.
Revenue up from 2022 - THAT is a joke, right? --- $7000 LOL
General/Administrative costs down by $80k compared to 2022 - Who took a pay cut?
Sales/Marketing cost lowered by $120k compared to 2022 - Who is selling since they went OEM.
When is enough is enough? Probably when you start to understand financial statements
>>>When the in 180-day results or no-excuses slogan expired and she disappeared as if nothing had happened, I gave up hope on mine.<<<
Yep, that was one for me, too. And also the statement from the CEO that 2022 was going to be the year for BIEL. Then the one to top all others that the CEO allowed to be announced to the stockholders in 2022: https://investorshub.advfn.com/uimage/uploads/2023/8/20/yeqevsynergy.jpeg
Nah, this is just entirely entertaining to read all the praises for this leadership and company that has been in a downward spiral for years. Never deterring the pie in the sky posters, even as this stock price has justifiably plummeted to the bottom of where it has been trading for years. Now we get a post that says that this has beat last years sales by a measly $7000.00. THAT is GOOD? Last years were crap so equally that is better? Those sales did not make this company profitable. These sales need to increase exponentially to accomplish profitability. Something this company and leadership have been unable to accomplish in over 20 years in business.
Let's take a look at the low lights:
-Notes payable: $12,012,728. That is an increase of $150.973 from 2022 ($11.861,755). Looks like more loans occurring.
-Total stock to be issued from 2023 note conversions: 9,583,630,815 shares (that is billions). From 2022 conversions: 3,550,063,657 shares
-Total assets: $144,388. Total liabilities: $18,622,807. That is a 129:1 liability to asst ratio.
-Accumulated deficit: $39,814,199
Note the stock conversions that are coming from all those notes. Where are they going to get those shares as the authorized shares are just about maxed out? RED FLAG
Seems like I struck a nerve! But I guess that is what happens when you have see this pathetic low stock price every day. That can get to the best of them and make even the most loyal a bit agitated. NO?
LOL, they cannot show a profit after getting USA FDA CLEARANCE for the NUMBER ONE human muscular skeletal pain, BACK PAIN and this is going to do the trick?
Did you see that over $36,000,000 accumulated deficit on the balance sheet in the last reported financials from this company? Maybe THAT is one reason why this is and has been shorted ------- ya think?
>>>Oh come on, I have Art on Ignore and you know it.>>
Another investor that does not want to see or hear about the factual financials and how ugly they are -- when this company used to report them. Remember way back WHEN that used to happen. I know, it is pretty sad that this leadership has decided NOT to report them to their loyal and longtime stockholders quarterly anymore and is NOW ALSO late in reporting the annuals. But please, all that do not want to hear, DO put me on ignore, my feelings will not be hurt ---- LOL!
And there is no capital 'A' in my screen name. Rack your brain and try and figure out another meaning for 'art'.
C'MON, how is this message board NOT fun?!!!
Ok--- have the last word. --- Now go to your room! LOL!
If quoting financials, which are the backbone of investment research, is perverse ---- so be it!
LOL, I guess the ones that have been shorting have done quite well, especially if they have been shorting since high double zeros ----- LMAO - YA THINK!
See, you are one of those make that this FUN and entertaining. Thank you!
Your 'beloved BIEL' is trading at one tick from the bottom and has been in a free fall from high double zeros to low triple zeros. Someone needs to show why that is and bring some reality to all this.
Show us where I ever said that you could not short this stock at this level. I might have said 'how much money can be made for shorting a stock, 1 and 2 ticks from the 'bottom' and I stand by that. Who exactly 'lies' and has comprehension problems? ---- Along with 'obsessions' for posters who see and post all the negatives in this company for an investment.
Did you see that balance sheet? Did you take that accounting 101 course?
Here I have some numbers for you. These are from the last reported financials of March 31, 2023 quarter one. That was the last time the CEO reported financials to the stockholders. Check out the balance sheet (form 3) and the accumulated deficit of $39,300,741.
That is one helluva hole they have dug for themselves to climb out of. The 'market' sees this, is it any wonder why this is trading at this low stock price?
And is it also any wonder WHY there are/were those 'shorting' this stock?
https://www.otcmarkets.com/otcapi/company/financial-report/374761/content
From the last reported financials, March 31, 2023:
Notice 'total assets' of $170,372 and 'total liabilities' of $16,135,333 of which at that date $3,618,869 were 'current liabilities'. That is one ugly asset/liability ratio. The notes we have been talking about are in that 'total liabilities' (over $11,000,000 in notes payable). So none have been paid as of that date, despite the fact that all have matured.
Scroll to #3 form: Balance sheet. NOT pretty!
https://www.otcmarkets.com/otcapi/company/financial-report/374761/content
>>>THE ONLY VALUE WITH BIEL IS ENTERTAINMENT<<<
There you go BANJO! That's what I have been saying all along, reading this board and listening to so many that still praise this company and leadership despite the constant and continuous drop in stock price due to all the failures and disappointments in the history of this company. It IS entertaining to say the least. It is also 'mind boggling' that throughout the years, watching the regression of this company to the point of leadership ceasing the reporting of quarterly financials, that some still will not stop their 'pie in the sky' posts and only continue their pumping and praising of all this. Being loyal and hopeful is one thing, but trying to convince ANYONE that this is a good investment is laughable. They should be warning all that come here for what they have witnessed throughout the years, like so many others here now, that have done a 180 degree turn on their opinion of this company.
Yes, this is entertaining!
You forgot --- "GO BIEL - GO KELLY!"
>>>What I asked you for was CURRENT liabilities. You can't provide them, period. So don't try to project some issue when you don't know what the current status of the company is today.<<<
THIS gets more FUN by every post. Are you saying that I do not know the current liabilities because the CEO has NOT REPORTED THEM when she should have? THAT is your defense for this company and your rebuttal? WOW!!! You are taking an obvious negative action (NOT reporting financials to the stockholders) by this company and using it as a defense in your argument, that nobody knows the 'current' liabilities?
Yes, they have NOT reported the 'current liabilities' because they have refused to report ALL the CURRENT financials! ---- Again ---- WOW!!!
PS. By the way, all those past liabilities are still not paid as of the LAST financials reported. And that 'bug' hole was a typo - but I think you knew that, but it was obviously very good opportunity for your desire to feebly mock posters.
Go and learn how to read financial statements, that would help you understand what a liability is. Did you take that accounting 101 course yet? That would help much in understanding how sad these financials look. Oh yeah, WHEN they use to report them! That was quite awhile ago———- ya think?
See, this IS fun!
I am impressed by your loyalty and hope. But the fact is, that people make bad decisions and investments all the time. Many throw good money after bad when they shouldn't. Friendly loans or not, will they continue if there is no improvement, or will they throw in the towel? Not saying this cannot turn around, but they have dug such a bug hole with all those unpaid liabilities, that they will have to somehow drastically improve sales. And not reporting them to the public quarterly anymore, does not suggest to their loyal stockholders, that is something that is happening.
Have a great night.
>>>Oh, thanks for using that played out script you are fed AGAIN.<<<
Which script are you talking about? The one about the 25 BILLION O/S with more on the way with all those family notes that convert to common stock at 50% discounted stock price? Or the fact that the authorized shares, at this time, cannot supply those conversions? Or about the fact that this CEO has decided to NOT report the financials quarterly anymore to the public and the stockholders? Or the fact that the annual report that was due March 15, 3 & 1/2 months after the end of year had to be extended for what reason? Or that the company announced in 2022 that they had a deal with Synergy corporation to provide 975,000 units to be sold in the next 18 months, etc etc. --- That script?
LOL, the ONLY reason that there are no more shares added to the O/S, is that those notes that have all matured that convert to common stock cannot convert as of now because the A/S (authorized shares) is just about maxed out and cannot supply those conversions. Wait for that announcement to raise the A/S if/when that happens -- ie more dilution. I would have to think that will happen eventually, as most of those conversion notes are held by the CEO family.
Last 4 trades at .0002 were for 10,000 shares per trade (15 minute delay).That is $2.00 per trade. I think you are right, seems like someone is trying to hold this up from trading at rock bottom.
https://ih.advfn.com/stock-market/USOTC/bioelectronics-pk-BIEL/trades
LMAO, but YOU make it FUN ------ and all the "GO BIEL - GO KELLY" crowd that praise a 'self appointed' CEO that has rewarded them with a stock price in the LOW TRIPLE ZEROS! Has stopped reporting quarterly financials. Is late on reporting the required annuals. Has amassed near 25 BILLION OS. Has over $10 MILLION in note/loans that have all matured but unable to be paid back. Has not enough A/S to satisfy the notes that convert to common stock. Common stock that will be added to the already enormous amount of that 25 BILLION (ie more dilution). Has never been profitable, not one year in over twenty years in business.
All the reasons why this is trading at this laughable low stock price.
.0001 on the BID ten out of 18 trades today --- just sayin.
https://ih.advfn.com/stock-market/USOTC/bioelectronics-pk-BIEL/trades
LOL, watch what happens to the stock price if this EVER goes 'expert markets' .
The good thing is, that this stock price cannot go down much further than this embarrassingly low price it is trading at now!
And yes, this IS fun!
>>>Which is it?<<<
LOL, definitely sure it is a step down from the PINK SHEETS ------ ya think?
Did you see in the explanation of companies that are forced to trade there --- the companies that have stopped reporting financials or over one year late? If the shoe fits ----.
And are you really trying to say this move would be of no consequence to the stockholders either way? And this move (if occurs) would not be the decision of the family CEO, as it was for when they left the OTC Exchange and dropped to the PINK SHEETS. This would be a forced move due to failure to report. But this really is all conjecture, so let's see what happens with when, if the reporting of the annuals occur. Again, NOT saying this IS going to happen. Just discussing why this would/could happen.
That's the fear. It seems like if this starts trading on the 'Expert Markets', retail investors (us) have no control of the stock price. Not exactly sure what then happens to shares of common stockholders. But surely that is a step down from the PINK SHEETS where this is trading now, as if THAT is not bad enough.
Expert Market
"This market indicates companies that are unwilling or unable to provide disclosure to the public markets. Companies in this category do not make current information available via OTC Markets disclosure and news service, or if they do, the available information is older than six months."
"Only broker-dealers and professional or sophisticated investors are permitted to view quotations in Expert Market securities."
https://blog.otcmarkets.com/2021/03/25/understanding-the-expert-market/
Not pretty BUY/SELL data today. .0001 on the BID most of trades today. Notice the handful of very small trades at .0003 to desperately try to hold the price up, at that price. --- Just sayin.
https://ih.advfn.com/stock-market/USOTC/bioelectronics-pk-BIEL/trades
That was posted to the stockholders from the company in 2022 and they were supposed to commence after the registering of product in SYNERGY client countries in quarter 4, 2022. The 975,000 units were to be sold throughout the next 18 months. Where are the sales? Maybe they are ALL in those financials that they were supposed to report --- or maybe ALL of those 975.000 units will be sold in the next 3 months of 2024 -- Yeah, that's the ticket!
And just another post of no substance only obsession with posters that post the facts about:
-This company has NEVER been profitable in 20 years.
-They have stopped reporting financials quarterly.
-They are late in reporting the annual fiscal year end financials.
-The leadership has allowed the LIE about the SYNERGY DEAL to all stockholders.
-They have over $10,000,000 in note/loans that ALL have matured but not one was repaid and all had to be
extended.
-They have diluted stockholders to the amount of 25 BILLION shares.
-Of those $10,000,000 in notes, many are the family's and a select few, that convert to common stock at 50% discount.
-The A/S (authorized shares) is just about maxed out so there are no shares available for those conversions.
To satisfy those conversions, they will have to raise the A/S and that will result in MORE DILUTION.
But we wish to ignore those RED FLAGS and feebly try to attack poster. Again LMAO!
3 months after the fiscal year end and they need more time to report the annual financials. This, after NOT reporting the financial statements of quarter 2 and 3. Are they too busy?
https://www.otcmarkets.com/otcapi/company/financial-report/396042/content
LOL, another one excited that this traded at .0002 and not SO MUCH at .0001. OK you win, the most trades so far today were made at the GREAT HIGH PRICE of .0002. --- Time to CELEBRATE!
This is why I read this board, you cannot make this stuff up!
12 out of 19 trades with .0001 on the BID.
https://ih.advfn.com/stock-market/USOTC/bioelectronics-pk-BIEL/trades
Only two trades at .0003 so far. One for $12 (40,000 shares) and the other for a whopping 20 shares. The rest at .0001, .00015, .0002