Bioelectronics Corp (BIEL)

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Some have the uninformed Opinion that BIEL is a Scam

We need look no further than to our friends at Endonovo, who attempted a patent lawsuit against BIEL a few years back and had it thrown out, for an example of an actual scam.

Endonovo (ENDV) started life as 'Hanover Portfolio Acquisitions Inc., a business management company.

In May of 2014 they changed their name to Endonovo Theraputics inc, and enacted a 1 for 100 Reverse Split. So if you owned 1 million shares of Hanover you now owned 10,000 shares of Endonovo.

6 years later in 1/2020 ENDV, with their SP at .0013 and 1 billion Outstanding shares, enacted a 1 for 1,000 Reverse Split.

If you owned 1 million shares of Endonovo before the RS you now owned 1,000 shares. If you owned 1 million shares of Hanover and had it reduced to 10,000 shares that 10,000 shares was now 10 shares.

This 2020 RS raised ENDVs' SP from .0013 to 1.30 and dropped the OS from 1 billion shares to 1 million shares. Two and a half years later the ENDV SP closed at .009 on Friday and that 1 million share OS has ballooned to 139 million shares, a 13,800 percent increase.

In the last 6 years ENDV has accumulated a Net Loss of over $40 million, more than BIEL's Net Loss of $38 million during 20 years of operation.

During those same 6 years ENDV has had under $700k in Sales while BIEL has had Sales of $8.2 million for the same period.

Last month ENDV announced a new stock offering of up to 200 million shares. These shares could be sold in private placements or sold into the market.

The ENDV CEO collects a salary of $300k each year and even gave himself a $15k bonus in 2019. BIEL's CEO has deferred all compensation and foregone interest on the loans she has made to BIEL.

ENDV is what a scam looks like.