Bioelectronics Corp (BIEL)

[uksausage]

how do you know they aren't making significant revenues?

we have no data for over 6 months now.
6 months ago they were starting their own (not a third party) distribution into Canada with press and TV appearances backed up with large inventory which damaged Q3 numbers.
Later that quarter they started the UK Allay campaign

I see no reason why they shouldn't be cash flow positive by now - something we should find out about later in May when Q1 numbers are released.

They have built up their staff both in marketing and logistics/manufacturing so hopefully they aren't all being paid in shares.