Bioelectronics Corp (BIEL)

[4toSchool]

Management has issued a lot of information that contracts have been signed, purchase orders received and products shipped. IMO, we remain in the trips for two main reasons.

#1. Investor fear of loss resulting from the convertible promissory notes. Fearful that conversion of debt to equity would create tens of billions of shares that would logically devastate their capital through massive dilution.

#2. Investors don't trust BIEL management. It will take a few quarterly statements showing excellent sales growth before the trust might even be re-established. And, it will never be re-established if #1 above isn't fixed in a manner respectful of shareholders.