Bioelectronics Corp (BIEL)

[GetSeriousOK]

If you look at the financials for all of 2015, you will see that they are moving in the OPPOSITE direction from breakeven.

Yes, "sales have been growing" but Operating Expenses have been growing faster. Compare every 2015 quarterly financial statement to the corresponding quarter in the previous year. You can find them on the otcmarkets.com website.

You will find that for EVERY quarter in 2015, revenues are a lot higher than the same quarter in 2014 -- over 2x higher - but Net Loss also increased.

The more product you sell, the more money you lose?

There is NO WAY this company broke even in 4th Qtr 2015. If they were even close to breakeven, they would not have secretly increased the A/S to 15 billion. They had already secretly increased the A/S to 11 billion before Sept 30th and "forgot" to mention that on their 3rd Qtr financials -- that should have been enough if they saw break-even in their projections.

Looks to me like BIEL existed in 2015 not to make money for shareholders but to sell unregistered shares and make money for the CEO and his family members. This is practically de rigueur in the pinksheets -- what's unusual is the SEC bothering to step in and stop it.