Bioelectronics Corp (BIEL)

[jaysolano]

Eh... that's not true.

There's ZERO-VALUE in BIEL'S junk products, none whatsoever!

Declining sales, continued losses 4 times sales = e-waste junk.

https://backend.otcmarkets.com/otcapi/company/financial-report/235323/content

As much as I appreciate a contrarian viewpoint, it's hard to say there's "ZERO VALUE" here. With $30+ million in losses, the company has clearly used some of that to establish assets like product line, packaging, meeting regulatory requirements, supply chain, etc. right?

Silly multi-decimal price quotes and too many billions of shares aside, the public values this company somewhere around 20-something million today, yes? I actually consider this number to be high because of everything bad that goes along with penny stocks, and I think a lot of people are "trapped" in this stock. Not selling because of significant losses incurred and not buying more because (pick a reason).

The "not buying" part seems evident from the lackluster trading week we've had after the latest 510k clearance announcement.

Is it because this pool of investors is basically tapped out? Or is it because they've grown wise and weary to these under-performing cycles with BIEL?

Still, I think there's value here and the market for this type of product (maybe not BIEL's) could boom at any time and compared to other pie-in-sky companies. At least BIEL has products - which have gone through additional clearance reviews, packaging, distribution, etc. The only thing they seem to be lacking is someone who can move them in significant enough numbers to greatly increase the market-determined value of the company.