Replies to post #339902 on Bioelectronics Corp (BIEL)

[Lifetime]

Apart from that, how was the play Mrs. Lincoln?

[ddls]

I saw your post, but I'm still reading my comic book instead.

Being a bit too wedded to junk like this is one thing, but then there are others that like making a spectacle out of it.

Back to my comic book.🤠

[art2426]

YOU have got to be kidding me? REALLY, you have found something you think is positive in this these financials?

C'MON, please stop with the constant positive 'pie in the sky' BS and look at these number for what they ARE! I just now have reviewed them,

Here are the low lights, as there are NO highlights if you understand financial statement. THIS is what all stockholders need to see and focus on:

- Total assets of $43,326 (last year: $144,388). Total liabilities of $17,452,395. That is an asset/liability ratio of 1:402! So they OWE 402 times what the OWN. MUCH worse than they showed last year.

- Sales decreasing: (2024 - $496,032) --- 2023: ($714,708)

- Another year of NET LOSS of $930,650. More than prior year. Add that to every other year in business of NET LOSSES.

- Accumulated deficit now stands at $40,744,849

- Interesting that Notes Payable have increased another million and is now at over $13,000,000. More need for more money?

THIS IS UGLY and SAD ----- and that is NOT IMO ---- it is TRUE! (ask any accountant)

[GetSeriousOK]

yes, bright as the shining sun.

Slapped that ask all day long, did you?



BIEL

[ddls]

>>>>" With limited financial resources BIEL still invested $266k in R&D in 2024, this is investing in BIEL's future, new products?, improving existing products?, new applications for existing products?"<<<<

You mean $266K went into the scams R&D suck investors dry research? Like what they sell now is going like hotcakes?

BIEL, the complete fraud.

[art2426]

>>>1. * The 'Cost of Goods Sold' dropped to 26% of Sales in 2024 vs 34% in 2023, more 'Gross Profit' per device sold
2. * Zero Dilution in 2024, the 'Outstanding Shares' remained the same as 2023, no BIEL 'Convertible Loans' were converted into shares, lenders giving BIEL more time to become profitable
3.* Dr Staelin and St John's, two of BIEL's major lenders, made an additional $302k in 'Interest Only Loans', no conversion option, in 2024 to BIEL
4. * BIEL's largest lender, IBEX (KW), has chosen to forego interest for 2024, saving BIEL hundreds of thousands of dollars in additional debt
5. * With limited financial resources BIEL still invested $266k in R&D in 2024, this is investing in BIEL's future, new<<<


Let's take a look at these:
1. Not enough to show a profit in sales
2. No dilution because they are maxed out with 'authorized shares'. Same reason for 'no convertible loans converted into shares'. Do lenders have any other recourse but to 'give more time?
3. Yep, there's more money that is needed to keep the 'doors open'. How is that good? No conversion because no more stock to convert. But notice they needed more $$$ with that $1,000,000 increase in notes payable made, from over $12,000,000 last year to over $13,000,000 this year. How is that good that they continually need more money?
4. IBEX is the family ---- NUFF SAID! And where exactly are they going to get the money to pay the family interest? Have you read the financials?
5. That (R&D) is all they do now since going the OEM route. Can they really afford much more of this due to losing money every year? And is there really a 'future' if they continue losing money every year, as they have for over 20 years?