Bioelectronics Corp (BIEL)

[art2426]

Since they have a product and are selling the product, that part is not a scam. But one might interpret the family note/loan deal that was devised to reward themselves with 50% discounted priced stock, shady and self rewarding, to say the least. Especially when all other investors had to pay full price for their stock. Until they can get those stock price destroying and self rewarding deals off the books as liabilities, this will most likely struggle for sometime. The best way for that to happen is for sales to be able to pay off those loans. So about $10 million would do the trick, as that is the amount of liabilities that need to be paid off from those loans. In the meantime, it looks like no serious money will be entering, as undoubtedly, 'big money' will research financials prior to investing. The asset / liability ratio at this time is laughable imo.