Bioelectronics Corp (BIEL)

[Simpsonly]

Perfect. Point proven!

"23 Billion Shares Outstanding X $.0006 = $13.8 Million
Same as
2.3 Billion Shares Outstanding at $.006 Per Share
Same as
230 Million Shares Outstanding at $.06 Per Share"

Same as 65 billion shares outstanding at $ .000212

The Market Cap value doesn't change, the Share Price does. IBEX converts convertible notes, company issues many billions more shares and Share Price plummets, farther into the toilet!

Thanks for clarifying. IBEX changes Notes to conventional debt instruments bearing interest and Market Cap, of course, remains the same, so does number of share and therefor so does Share Price! Deals are announced and away we go! No more sounds of flushing toilets.....


The share price would most likely drop significantly below $.000212 because the market would discount the SP because of the significantly higher number of shares - a real nightmare! Not to make the changes would be considered a breach of fiduciary duty and self-serving, both very serious breaches of management responsibility. Let's see if the right thing is done, or not. Wouldn't surprise me if discussions are underway, if for no other reason than to avoid Shareholder complaints and more SEC scrutiny and involvement. That's the last thing anyone needs.... Tic toc . . . .