Bioelectronics Corp (BIEL)

[srinsocal]

Apparently the Usual Suspects don't follow companies that have suffered setbacks and then bounce back

Here is one that I have personal experience with, Sirius XM.

Sirius which had a SP in the $50 - $60 range in the early 2000s saw their SP drop to $4 in 2002. Getting their platform established and competing with XM was draining their resources. Sirius merged with XM in 2008 but the Sub Prime Mortgage Crisis had caused a recession and badly damaged new car sales, their primary source of new customers.

Sirius XM tried to get bank loans but there were none willing to take that risk during a recession. Liberty Media's John Malone came to Sirius XM's rescue with a $530 million loan but it Cost Sirius XM 40% of the company. The SP bottomed out at 5 cents in 2/2009. I noticed Sirius XM in 4/2009 and started buying at 32 cents.

Liberty Media purchased another 10% in 2013 to take control of Sirius XM. I sold shortly after this change of control in the low $3 range.

Companies do come back from adversity, despite those that will tell anyone willing to listen that they are finished.