If you compare EVERY press release to the corresponding PPS action, you'll see that intense selling pressure accompanies every piece of news. The best example (or worst example, deppending on your perspective) was the holy grail FDA clearance in February 2020 -- the FDA clearance that was predicted ten years ago and finally happened. the PPS was supposed to reach and pass a penny or even a dime - it didn't reach .002 before it collapsed.
The A/S is 25 billion and the O/S is 24 billion, with lots of convertible debt hanging in the wings. the ASK is ghost-stacked far beyond what's visible.
the President/CEO is the sole owner of an entity named IBEX. BielCorp owes a lot of money to IBEX. That debt is convertible at ridiculously low prices. Read the financial statement - ANY financial statement - to see that BielCorp would have to increase the A/S by over 30 billion new shares to convert it.