Thursday, September 03, 2020 2:29:53 PM
However, BioElectronics has patented and proven technology in the global multibillion-dollar pain space.
IMO, what is needed to move BIEL above penny status?
1. Profitable Sales
2. Share structure: once the income statement is healthy, the board needs to initiate a reverse split
3. The excessive investor risk needs to be lowered; the liabilities on the balance sheet created through self-dealing need to be unwound
4. Ongoing product development
5. Brand awareness
There is ample evidence that BIEL is a different company than it was under AW. The proof that it is a healthier company is when BIEL posts significant and increasing revenues together with positive cash-flow generated from profits not new loans.
All of my comments are based on my own due diligence and are only my opinion. Please conduct your own due diligence and research before deciding whether to buy or sell any stock. My posts are for entertainment only.
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