FDA Calendar: 2H09 Binary Event Trades [View article]
BIEL stated in 6/19/09 PR they have about 720 million shares of stock outstanding, but stock price has still increased by over 700% in past month: www.google.com/finance...
Stock Valuation -- There are currently approximately 720 million outstanding shares, which represent a total market capitalization of approximately $7.2 million.
> I would advise extreme caution on BIEL. In the first quarter of 2009 > alone (January-March) the company nearly doubled its shares outstanding > from 266.9 million to 492.2 million with sales at 0.005 per share > and I would not be shocked if significant additional shares were > issued since then.
FDA Calendar: 2H09 Binary Event Trades [View article]
www.google.com/finance...
Stock Valuation -- There are currently approximately 720 million outstanding shares, which represent a total market capitalization of approximately $7.2 million.
finance.yahoo.com/news...
On Jul 27 10:30 PM Dan Weiss wrote:
> I would advise extreme caution on BIEL. In the first quarter of 2009
> alone (January-March) the company nearly doubled its shares outstanding
> from 266.9 million to 492.2 million with sales at 0.005 per share
> and I would not be shocked if significant additional shares were
> issued since then.