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Thursday, October 22, 2015 2:40:40 PM
No Reverse Splits or Name Changes for BIEL for the 12 years they have been in Business. Scam companies hide their true share structure with multiple reverse splits. Name changes are also used to obscure past business history.
Here is an example, New Wave Holdings, NWAV, about the same age as BIEL as it was incorporated in 2003. NWAV has had 9 name changes and 5 reverse splits.
In 2013 BIEL had products on the shelves of 310 Boots/Walgreen stores in the UK. In March of 2015 Boots added 275 stores to the BIEL program, bringing the total to 585 stores. Boots is not a charity. They are in business to make money. BIEL products were selling and Boots was making money so they expanded into 275 more stores.
Lloyds is in the same business as Boots. They saw that Boots was making money with BIEL so the did not need to do a trial. Lloyds jumped in with both feet initiating BIEL in 1,077 Lloyds stores and 60 Gordons stores.
BIEL currently needs capital to fund their expansion which is only available in the form of share value right now. When the income from the Lloyds deal, and the Canadian Costco/Walmart deals which are soon to be announced, start hitting the books the dilution will no longer be required to fund operations.
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