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Replies to post #68335 on Bioelectronics Corp (BIEL)

Replies to #68335 on Bioelectronics Corp (BIEL)
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askjsell

01/04/16 9:41 AM

#68338 RE: uksausage #68335

LOL....BIEL increased the authorized share count for one reason...to dilute the float and dump more shares.

4 billion additional shares will dilute the float by 36%! So, expect the value of your BIEL holding to decline by this amount.

Folks, this a clear sign that no FDA approval is coming. No profitability is coming. BIEL is acknowledging weak revenue by increasing the share count by such a large amount. BIEL now has an additional 4 billion shares to dump.....this is not good.