Bioelectronics Corp (BIEL)

[GetSeriousOK]

KW foregoes all salary for years ending December 31, 2023 / 2022
Paying her what she's worth, IMO.

IBEX LLC agreed to forgo all interest from 2020 through 2023
That's great, since the company can't pay it.

Keith Nalepka still owns 100 million BIEL Shares
What a Trooper. He isn't cashing out his $20,000 worth of BIEL stock. Compared to Staelin who's dumped a billion shares in the past 10 years, he's a BIEL flag-waver.

Dr Staelin supports BIEL with $500k in new loans for 2023
That is good news. Imagine where this company would be if Staelin wasn't willing to keep pouring money into this black hole.

BIEL still investing in R&D $272K
$272k is a lot of money for this company. It's peanuts for a successful company, but BIEL is not a successful company, is it?

Revenue up from 2022
Up $7000 over 2022, when the pandemic, the Chinese port closures, and the chip shortage all hurt sales.... 2023 was $7000 higher. Bonuses all around!

General/Administrative costs down by $80k compared to 2022
$80k is a lot of money for this company. It's peanuts for a successful company, but BIEL is not a successful company, is it?

Sales/Marketing cost lowered by $120k compared to 2022
Yeah we wouldn't want them to spend any money on Sales/Marketing.