Monday, January 23, 2017 1:04:03 PM
Scams tend to have many of the some characteristics about them.
#1 TOP of the list: A Product that is never quite complete. Stuck in R&D, limited production (often an excuse for low demand) or always waiting for something before "it explodes".
Is BIEL waiting on anything?
#2 History of Red Ink: Protracted losses, limited revenue.
Does BIEL have long term excessive losses? (30MM?)
#3 Management tries to cash out: I give you Andy Whelan and cronies and the SEC.
#4 Toxic Lenders: This is more a sign of financials weakness--however, why is the company unable to attract viable capital?
Because the people with capital perform Due Diligence--the Toxic's offset the risk with onerous conversions.
Does BIEL have Toxic Lenders? SEVERAL.
#5 Minimal information and transparency of the company by its management.
Case in point--does anyone KNOW the REAL Total Shares Outstanding?-- just a simple easy fact?
The last point to consider is more an observation made over time in seeing many scams. The best way to illustrate it is to ask this question.
Can you name just one company that traded in the pinks at 0.0002 that made it big. No not like a penny big--I mean like Pfizer, Novartis,Roche or Merck big?
WHY??????
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