Replies to post #290914 on Bioelectronics Corp (BIEL)

[toohot]

Patience---the key!!! So very inexpensive to buy (for now!!!).

NOTE 16 – SUBSEQUENT EVENTS
The continuing COVID-19 pandemic has continued to have an adverse effect on the sales, operations
and supply chain of the Company, and as a result we cannot reasonably estimate the long-lasting
impact on the business. However, we believe the worst is behind us as we have resumed much of
our logistics operations, and most of our distributors have resumed placing orders

BUY $BIEL$

[The_Pro]

BUT, NET LOSS WAS ONLY $17,218.00 THATS VERY CLOSE TO PROFITABLE, FOR OUR SECOND TIME.

[misanthrope]

It's not all bad really - not at all.

The good:

* Though sales dropped vs. same quarter last year, but they weren't atrocious
* Cost of goods dropped significantly vs. same quarter last year
* Operating profits are there (before interest expense) - that's a positive
* Good chunk of receivables in the asset category
* BIEL is making the loan shark payments (no default)

Dilution was a necessity, since it's clear cash flow remains a significant issue (and there is still virtually no cash on hand). The continued carrying of payroll taxes and interest is concerning, but it's been going on so long it does not seem to get noticed.

Some good stuff overall - whether it does anything for the share price will be seen soon enough. I think it's another quarter of churn on the PPS, but really there are some bright spots. Cash flow remains a core issue - and even profitable companies can have cash flow issues. A lot of that can result from the timing of payments received for goods, and happens to lots of companies. Sadly some file bankruptcy if the bleed is too great, and no that is not a prediction for BIEL - just a statement that it does happen.

Overall, not awful and some definite good nuggets. I don't think it moves the train much - but we will know in short order.

[Gailm]

Terminal

The Q1 is the first paragraph to BIELS epitaph. This week will be brutal. The amount of convertibles shares now effective is unfathomable.

No money,
No Market
*The GIZMO doesn't work.*
Payable's have a choke hold
Back Taxes with penalties
Receivables (I will write about a little trick scam OTC stocks like this use)
But I did take notice that the EM-IX bank guarantee (to a Kelly owned entity) was paid......................
Unfortunately every shareholder save the conversion are SCREWED.

But then I told you that back in 2018