So, for me, and me alone, the issue falls to intent. I say BIEL management is clean on that; were shareholders disadvantaged, not that I can determine.
Really? 11 Billion O/S and you think that shareholders were not disadvantaged? Kelly Whelan raked in 9 million dollars in 2009 and 2010...all of that from shareholders being fleeced.
Seems to me there is a huge burden of proof that there was a gain by anyone.
Kelly Whelan testified she had huge gains..and had a 'banner year' in 2009. What an insult to shareholders. Bragging about a banner year of theft.
In fact, I thought the financing model was highly creative, sound, viable and, in fact, financed the company openly, successfully, with full prior disclose to shareholders, and with zero harm to anyone.
It wasn't any of those things. Surely not creative - this kind of theft has been done before. Disclosed openly? Nope. Successfully? 11 Billion O/S and climbing..not too successful. Zero harm? Not.
Anyone screaming at you and me that the Whelans advantaged themselves financially firstly doesn't know the Whelans and, secondly, has no clue as to their lifestyle.
No one is screaming...and their lifestyle is probably a lot better with that 9 million in the bank than without it.
I will wager a lot of money that BIEL can account for every dollar raised and that there was no impropriety.
Not a good idea.
You and I are reasonably smart fellows, as are most readers here; when anyone screams and misleads that there was criminal advantage, all we have to do is demand they prove it.
I will disagree with part of that.
The absence of one iota of proof will make all the yelling false allegations, white sound and meaningless.
It's coming, don't worry. And I will wager a larger amount of money that when it does, you still will not be able to face the truth.
If SEC staffers and senior excuse are smart, they are using ActiPatch and buying shares . . . . BIEL Double Tsunami . . . . .soon.
LOL. If they are smart they would run from this advice of buying shares of a company that is under investigation by the SEC, and also being fleeced by insiders.
