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Re: toohot post# 291034

Wednesday, 05/18/2022 3:04:15 PM

Wednesday, May 18, 2022 3:04:15 PM

Post# of 307333
Over the years, I have bought many many loops from BIEL directly, through, and at CVS.

I believe in the product. I don't believe that stockholders holding longer-term will realize a reasonable return for this risky investment. I say this because 1.) the convertible, ill-gotten notes held by KW and PW. If converted, these notes would nearly triple the OS. My guess is KW sells her notes to a company that will dispense with us, minority shareholders. I've seen it done. 2.) the financial performance is awful. The balance sheet shows the overwhelming liabilities, the cash flow statement shows the reliance on predatory lenders, and the P&L looks awful if you remove the government subsidies, like PPP. 4.) we're not seeking significant, if any, restocking orders.

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.