Bioelectronics Corp (BIEL)

[uksausage]

no that isn't what you said or are saying here. Kelly gives the company the money as soon as she gets the restricted shares. She doesn't get shares for free and waits until they want money before selling them, she pays for the shares first (at say 5-% discount to current price). after restrictions come off she will sell on and the third party then sells into the market. You keep trying to link transactions together - just follow an individual transaction (group of shares) if multiple over lap as they did when the company needed regular supply of cash just confuses the actual process.

There is no blatant circumventing of rules here the main question is are the shares registered or not. If the third party who buys from IBEX is a general member of the public then there is some definition of the role IBEX plays and what they should be licenced as.

You do point out that they push proceeds back to the company which is why the document's show them having lost money but with a balance of shares still to sell. It is not a personal money making scheme Kelly's $3m statement was abot cash flow transaction value not her profit and if it was it went to ChrisKelly llc for marketing in Canada. The whole family is dedicated to making Actipatch a success.


Amazingly the TA hasn't been included in the case either by way of a charge or even as a witness which implies to me they results are not going to be too serious. It also is confirmation there will be no DTCC chill as that happens when there has be TA irregularities.