Bioelectronics Corp (BIEL)

[DewmBoom]

$BIEL: Manage Your Expectations for the Pump and Dump Operation

FDA Clearances

a. Company has Healfast for a very long time for animals to sell over the counter, and nothing happened

b. On 2/3/2017, BIEL got FDA clearance for Actipatch and nothing happened

c. On 6/28/19, BIEL got FDA clearance for RecoveryRx and nothing happened

Very hard work went into obtaining those clearances but nothing happened on the business side. On the contrary, revenue and sale had gone down, and the company is drowned with promissory notes and debts. The upcoming clearance is a nice stunt show, but on the business front it is meaningless.

Financials

a. Company issued close to 1 billion shares back on 9/10 and and 8/5 at 0.0003 and 0.0005, at 50% discount....Massive dilution can hit the market anytime.

b. Company owes IBEX & St. John 9.6 million dollars in promissory notes, with maturity dates between 10/31/19 & 9/30/2021, at 50% discount. Massive dilution can hit the market anytime.

c. The AS is at 25 billion shares and the OS is at 22.9 billion shares. The amount of dumping could be no less than 2 billion shares. One billion that could increase the OS and more than one billion held unrestricted at 0.0003 and 0.0005 as shown above.

Enough Said. Do your own DD. IMO, this management failed to deliver on the business side miserably. Any PR issued that does not include a specific business deal with a company name, it will mean nothing. Essentially, Biel has been working on this for a long time and now they get it. Show that you have a business deal already in place. Don't tell investors tomorrow and after tomorrow and we plan to do this and that.