I see some are still hung up on the share count
If you travel to Japan dinner at a mid level restaurant can easily run 2500 Yen. Do you say, I can't afford that, and eat granola bars in your hotel room or do you look at the Dollar/Yen exchange rate, see that 2500 Yen equals 22.20 US Dollars and have enjoyable meals on your trip.
BIEL investors have learned to buy and sell based on the dollar value of the stock transaction and not get hung up on the number of shares involved.
If you want to invest $1000 in BIEL that will get you just over 1.4 million shares at .0007. If there had been a 1 for 10 reverse split you would get just over 140,000 shares at .007 for your money but still have the same $1000 investment.
Like many Penny Stocks BIEL finances the company by selling shares. The difference with BIEL is that they have never done a reverse split in their 17 years in business. This is rarely heard of in Penny Land where most share financed companies do a reverse split every few years.
Companies enact reverse splits to give the illusion of a low share count to potential new investors. That is why I commend AW for keeping the share count fully transparent. If AW was the scam artist a few on this board claim him to be he would have enacted a half dozen reverse splits over his 17 years in business, hiding the true share structure to entice new shareholders.
BIEL has stated that a reverse split will come when US retail sales start making BIEL profitable. This is a smart move as it is not uncommon for reverse split stocks to begin a fall back toward their pre-split share price without a positive catalyst to cause the market to see new value.
