Bioelectronics Corp (BIEL)

[4toSchool]

Over the years, I have bought many many loops from BIEL directly, through Amazon.com, 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.