Bioelectronics Corp (BIEL)

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For those who need reminding of what a scam company looks like....

Our good friends at ENDV are happy to comply.

ENDV purchased a concrete company, with shares as they have no cash, several months ago because concrete and prescription PEMF devices have a lot in common, right.

ENDV just announced that they are splitting off the Sofpulse medical device business into a new company, 'NewCo'. ENDV which currently has a Market Cap of $2.7 million stated the following,

"Management expects on completion of the spinoff, NewCo will have a pre-money valuation of over $50 million. NewCo’s management believes it can take the company to over $100 million in sales by 2024."

This from a company who has never sold more than a few hundred devices per Quarter.

Meanwhile BIEL is actually selling PEMF medical devices, recently signing the largest contract in BIEL's history with Synergy Corp.

https://www.mpo-mag.com/contents/view_breaking-news/2022-12-19/endonovo-to-spin-off-medical-ip-and-assets/24664