Bioelectronics Corp (BIEL)

[art2426]

No, not just 'true longs' --- ALL here that think this is a good investment and praise a leadership that has rewarded them with a stock price of .0001/.0002. Sorry if it offends you but as I have said, THIS is just amazing and worth the time reading for all this entertainment. A company that has never shown a profit in over 20 years in business. A company that has a laughable asset/liability ratio of 1/95. Yep, 95 times more of what they OWE than what they OWN. According to the 2023 annual report there were $170,326 in cash/receivables (of which included $6871 'cash on hand') and $16,135,332 in liabilities. A company that has over $12.000.000 in notes that have all matured but NOT paid back due to lack of funds. A company that has declining sales. A company that appears now to not report financials quarterly anymore, so those 'loyal' stockholders will have to wait yearly to know how this company and their investment in it, is doing. A company, due to lack of sales that can support the business, has amassed over 25,000,000,000 (that is BILLION) shares outstanding with more on the way with family note/loans that convert to stock.

Does anyone that thinks this is a good investment, read the financials?