Bioelectronics Corp (BIEL)

[Boricka]

Two examples of why BIEL will never succeed.
1)They are not paying their employment taxes, behind on payments to employees and the SEC settlement. BTW, you don't "settle" unless you are guilty.
Payroll Taxes $ 475,063
Estimated Penalties & Interest 246,946
SEC Settlement Agreement 191,640
Employee Compensation 100,795

Total accrued expenses $ 1,029,385



2)During the first second quarter of 2018, the Company entered into a convertible note agreement with
James Eason, receiving financing of $135,000, with an interest rate of 8% per annum and convertible
at a rate of $.0003 per share. This loan and related interest was converted into 629,856,000 shares of
common stock in July 2020

If you do the math, Eason, at the current share price has stock valued at $755,827.72, a "profit" of $630k. Although he cannot sell his shares because the stock trades so thin, he could reasonably be willing to sell all the way down to $0.004, still seeing a 33% ROI at the lowest point. This is just ONE of the many that are holding this quantity of shares. This stock is more likely to disappear than to ever see $0.003 again.