Bioelectronics Corp (BIEL)

[art2426]

KW foregoes all salary for years ending December 31, 2023 / 2022 - Where is the money that can afford to pay her a salary? Did you see the cash on hand: $4686.00? And she is getting her and the fanily notes converted at 50% discounted stock price.

IBEX LLC agreed to forgo all interest from 2020 through 2023 - Again where is the money to pay that interest? Sounds better to say 'they are foregoing'.

Keith Nalepka still owns 100 million BIEL Shares - Big deal what does that prove? He is gone!

Dr Staelin supports BIEL with $500k in new loans for 2023 - Throwing 'good money after bad' - not a yery good investment strategy -- ya think?

BIEL still investing in R&D $272K - That's ALL they do! They don't sell product anymore with their OEM strategy.

Revenue up from 2022 - THAT is a joke, right? --- $7000 LOL

General/Administrative costs down by $80k compared to 2022 - Who took a pay cut?

Sales/Marketing cost lowered by $120k compared to 2022 - Who is selling since they went OEM.