Bioelectronics Corp (BIEL)

[Boricka]

BIEL has a real product, they are not a real company.
They have no Board of Directors.
They have no business plan.
They have no marketing strategy.
They have no distribution.
They have no sales.


It is simply a product mismanaged by inept mgmt. They continue to spin their wheels in hopes that a large company will be foolish enough to bail them out of the disaster they created before they have to declare bankruptcy. It will not happen. It didn't work with Bayer, KT Tape and probably countless others that walked away after limited DD. Two years after FDA clearance, they have lost 50% of their sales and burned through millions of dollars. They issue the same nonsense releases they did ten years ago, touting distributors and potential business. They have had B Braun for almost a year and their sales keep declining. That is an indefensible position. The gig is up, nobody is foolish enough to give them additional funding.