Replies to post #327551 on Bioelectronics Corp (BIEL)

[GetSeriousOK]

By your logic, if a company had 1000 shares outstanding, each worth $7,500, investors would consider that stock to be identical to the stock of a company with 25 billion shares outstanding, each worth .0003

I understand why you want to say that BIEL's bloated share structure isn't a negative. That is such remarkable bullshit though.

Unless you actually believe this nonsense. It boggles the mind that anyone could be so ignorant about investor sentiment and the mechanics of the stock market that they could BELIEVE that. But it's possible, I suppose.

When they do the reverse split, your theory is going to be put to the test, isn't it? You think the PPS will hold after a reverse split because you think this company, with no protected intellectual property and $250,000 gross revenues COMBINED in the last three reported quarters and $16 million debt as last reported, is actually worth <ahem> $7.5 million dollars.

Okaaaaaay

[GetSeriousOK]

Here's a company with 30.4 billion O/S

(They're not easy to find)

GTEH

https://www.otcmarkets.com/stock/GTEH/disclosure

They issued 30 billion of those 30.4 billion shares in an 8-month period.

As of June 30, 2022, the number of shares outstanding of our Common Stock was: 30,494,218,412
As of October 31, 2021, the number of shares outstanding of our Common Stock was: 428,605,234

Market cap Oct. 31 2021 when they only had 428.6M O/S: $385,745
Market cap on June 30 2022 when they had 30.4B O/S: $3,049,422

That's right. They destroyed the share structure in eight months by issuing 30 billion shares, and their market cap increased from $386,000 to $3,000,000.

Still think valuation is all about market cap and nothing else?

Today, they're Expert Market, and the PPS is so low that their market cap is currently $787 (yes seven hundred eighty seven dollars). But on the dates I gave you above, those were the market cap valuations. Look 'em up.