Bioelectronics Corp (BIEL)

[3331]

Actually, I was listening to that interview and, if I remember correctly, he said "we'll do $5 million revenue this year and $20 million next year". I bought a lot of shares based on that misleading statement.

I'm not going to defend the company's past missteps. However, looking at the future, they have a great opportunity to turn things around. The numbers I've used in my projections are realistic, if not conservative. Exponential hyper-growth is a realistic expectation. The P/E that I used (100) is reasonable when the average P/E is currently about 40, and there are some companies with a P/E of 500 (see PLTR).

Considering Actipatch worked so well on your frostbite, I don't understand why you've devoted your life to misleading investors about the company's prospects, even if you were fired.