Bioelectronics Corp (BIEL)

[GetSeriousOK]

The email from the "good doctor" is a "quip?"

He "scolded on the BK" without offering any evidence that they are NOT on the verge of BK. He said that they are meeting weekly payroll without disclosing how much that is, but we all know it's peanuts, based on their total Administrative expenses in the financial statements; and he said they haven't issued any new shares, which (a) is a lie as we proved, and (b) does not prove that they are not close to BK -- on the contrary, if they HAD issued new shares it would move them further away from BK because it would either reduce debt or add to the coffers.

Staelin "stated they're on track" -- for what? For more financial statements like the past year? Is that supposed to be good news?

They are pursuing more Distribution Agreements -- as they have been for 20 years.

They are sticking with the OEM Partner business model -- a plan that has generated declining revenues since the end of the pandemic.

The only way to interpret Staelin's missive as GOOD NEWS is to ignore what he literally said and read between the lines to invent content based on metaphysics and wishful thinking. That's a questionable strategy. But if Staelin has said 'Nuff for you, then yes, 'Nuff said.