Bioelectronics Corp (BIEL)

[art2426]

>>>Definitely been hanging with Art<<<


Another with poster obsession. Don't recall being in on this conversation? But now that you brought me up, have you seen that financials statement that the self appointed CEO FINALLY reported? ANNUAL REPORT, as it seem like you and all other 'true longs' will have to wait another year to find out how your investment is doing. But again, in case you did not see those financials, here a couple tidbits:

Again NEGATIVE net income.
That continues the streak of EVERY year NEVER profitable in the history of this company.
Assets of $144.388 and liabilities of $16,622,807. That is an asset/liability ratio of 1:115
All note/loans have matured and have come due but not paid
The cash on hand as of that reported annual 2023 financials was $4686. (ie not enough cash to pay off those over $12,000,00 note/loans due - ya think)?
Accumulated Deficit of $39,814,199
The authorized shares are just about maxed out and 9,583,630,815 shares are needed from 2023 note conversions and 3.550,063,657 shares needed from 2022 note conversions --- (that is BILLIONS)
Cash flow from operations in 2023 were -$722,812

And again, since it seems like they will not report quarterly anymore, all will have to wait for annuals to see any new numbers and if this gets any better than these very concerning numbers.

OH yeah ---- one more poster that needs to figure out another meaning for 'art'! -- LOL, C'MON, how is reading the posts from the 'true longs' --- NOT fun?