Bioelectronics Corp (BIEL)

[JustGoDeep]

MAJOR CLUE: 5-Million Actipatch users Equals a Share-Price

of about $.14 cents.

5 Million users X 2.7 Actipatches per year per user = 13,500,000 Actipatches sold a year.

Using $7 per patch profit is $94,500,000 profit and dividing that profit by shares outstanding

Equals $.004725 earning per share X PE 30 = $.14

PE 60 is $.28 (more likely price as this will be viewed as a high growth stock)

Higher is certainly not out of the question at 5 Million users,

as this will be a very high growth stock at that point.

Adjust the profit per patch if you like to, or think it will be higher or lower.

Oh, and here is a NEWS FLASH!!

Even if this were to reverse split 1000/1 the PE's remain the same

and the share price would be

DRUM ROLL PLEASE

PE 30 = $140.00 per share and PE 60 = $280.00 per share

No change, no matter how many shares you own.

Just the Facts folks.

Puny number of users really.