Bioelectronics Corp (BIEL)

[MightyLion]

0.0027 -0.0001 (-3.57%) - BIEL RED AGAIN? You'd better BIELieve it!!!
MASSIVE dilution, no significant revenues at all, YEARS of PR's about dozens of new distribution agreements all over the world yet still no significant revenues generated from any of them. Expensive trips to multiple overseas destinations like Monte Carlo for the CEO and his friends (aka distributors, lol) all on the shareholder's dime, questionable financing with 'finance' companies in family member's names set up from shell companies. Claims of reclassification and FDA OTC approval "right around the corner" have been touted for YEARS but they never materialize. This stock absolutely REEKS of being nothing but a cash machine for the CEO's family at the expense of shareholders imo. Why people keep throwing money at this is beyond me. I've come across some shady businesses in my time, but this one takes the cake for stretching it out the longest with MASSIVE dilution and an apparently never-ending stream of people more than happy to hand over their money. Come on - SIX BILLION SHARES now - and a 95+% drop in share value over the last 5 years! Repeated fluff PR's to pump, immediately followed by dilution, over and over and over and over and over and over and over and over again.. Even if the science behind the product were sound, the way this company is milking shareholders with no ROI is atrocious.