Bioelectronics Corp (BIEL)

[MightyLion]

MASSIVE dilution, and MORE DILUTION COMING, per CEO ANDY WHELAN. (cited admission at end of this post).

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.

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.

My opinion: cut your losses now and run, because year after year after year after year after year of history here shows a continued pattern of PR and dilution without letup, and there is no sign of that changing anytime soon, imo.

BIEL will continue to operate only as long as 'investors' keep throwing money at it for the CEO and family to support their lifestyle, and that is all, imo.

Continued dilution reference: CEO lunch meeting, point 7. There it is, right from the horse's mouth - the only DEFINITE thing from that discussion that shareholders have to look forward to is MORE DILUTION, so don't say you weren't warned.