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I also hope to have exited before BIEL is sold by KW.
Best of luck to you Art.
Go BIEL!
There are not a lot of shares tied up by insiders, or noteholders, and therefore I don't see a significant opportunity to move shares from weak hands to strong hands. The most recent filings found at this link the "Number of shares in the Public Float: 23,607,160,607 as of date: 9/30/2020. 2 “Public Float” shall mean the total number of unrestricted shares not held directly or indirectly by an officer, director, any person who is the beneficial owner of more than 10 percent of the total shares outstanding (a “control person”), or any affiliates thereof, or any immediate family members of officers, directors and control persons." So, KW owns 37/3 million shares, PW holds 350 million shares, Dr. Staelin owns -0- shares, KN owns 100 million shares. Not many shares when there are nearly 25 billion shares outstanding.
Every BEL investor should be concerned with the sale of the notes or a conversion of the promissory notes which require over 40 billion shares to be satisfied. As the conversion option is the choice of the noteholder, I think that BIEl likely has a legal obligation to raisee the AS to accommodate any noteholder seeking the conversion of their notes to shares of BIEL. If the AS is raised, our investment goes down, and it could go down around 67% to fully satisfy the existing notes, most of which the SEC deemed as "ill-gotten".
If you are correct, I'd like to hear KW revise her statement. Until then, why would we believe anything different?
My good investments have generally been based on facts and figures. My portfolio hasn't generally done well when I've made emotional investment decisions based on "a strong feeling i have".
Good luck to you.
When KW says something, do you believe her?
KW is part of BIEL 2.0 and was part of BIEL 1.0. During BIEL 1.0 KWe worked side-by-side with AW illegally selling unregistered shares of BIEL stock, she backdated millions of dollars in notes, she was on BIEL payroll, and routinely attended BIEL board meetings. Sounds rather involved in BIEL 1.0.
Regarding the future of our BIEL investment. The past does have a way of repeating itself. Read the SEC documents, which can be found at this link, and which contain KW's own testimony. We know from those documents that she had no regard for the harm she was causing BIEL shareholders through the aforementioned illegal selling of shares.
We know that KW backs up her past statements. Think of the 180-day pledge made about a year ago. COVID pandemic didn't stop her from standing behind her 180-day pledge until about a week before its expiration. So, when she says she's selling after 4 million units are sold, I believe her 100%.
The question is "what will BIEL be worth when the annual units sold are 4 million"? and "will we investors be satisfied with holding BIEL until the 4 million units sold triggers KW's plan to sell BIEL? If so, great. If not, at least you know what she said she'll do in the future and you can plan accordingly. I am planning an exit as BIEL approaches that 4 million units sold figure. The only way KW can "sell the company" is to sell her "ill-gotten" notes, likely at a premium, which would reduce our slice of the pie, or she could exercise the convertible term on her ill-gotten notes and along with PW, will gain around 40 BILLION SHARES, which will reduce the value we hold by about 67%. I'm hoping to exit before she pulls either trigger.
I don't see BIEL being an independent company once the sales hit 4 million annual units sold and any projection beyond 4 million annual units sold is in conflict with KW's stated 7-step Plan, and an exercise in futulity.
Sounds good to me too!!!
I am quoting KW, when I remind investors that she tweeted her intention to, sell the company after it had reached four million annual units sold in 2022.
IMO, investors may be best served to sell before KW sells the company and retires" after 2022 when she projects 4 million units sold. What is BIEL worth at 4 million units sold?
So, the Whelan family's court testimony, found on the SEC's website is, as you say, "bullshit"?
It is amazing that someone with a nominal amount of cash on hand could write (back-dated) a $2 million dollar loan to a money losing company and turn that one-time investment into millions of dollars, while simultaneously and suspiciously hundreds of BIEL shareholders have collectively lost millions of dollars. I guess it pays to be a self-dealing insider who, according to the SEC, shows no concern for BIEL shareholders
I have posted a significant amount of well researched due diligence on BIEL. However, I've become a lighting ROD. Am I BITTER about this, no. I just feel sorry for anyone buying BIEL for long-term holding and hasn't fully done their due diligence.
IMO, BIEL is heading higher
Exiting the investment is key.
BioElectronics’ ActiPatch® Pain Therapy Expands Into Costco Canada November 19th, 2015. The Canadian territory was granted by AW to KW. She was so successful at gaining business in Canada that she was self-appointed to President CEO CFO Treasurer and Executive Board Member even though she owns only 37.3 million shares of the 24,134,783,986 outstanding., or 0.155% of BIEL.
2020 populaton
Qatar 2,881,053
India 1,380,004,385
The upper-class in India dwarfs the total population of most countries. These people can easily afford an ActiPatch.
IMO, patience is required now more than at any other time in company history.
Why? Because in the past 20-years, an investor could sell their BIEL shares and buy back in at their leisure, perhaps for even a lower pps. Now, IMO, the pps is moving up in a multi-year trendline. As you likely know, trendlines are the average of the peak and valley cycles. Like any stock that trades, I believe BIEL will have normal short-term cycles, but the trend is higher, much higher; higher highs, and higher lows.
Some investors have the guts to try and sell at the cycle peaks and buy at the cycle valleys, but I don't. I just hold and accumulate on pullbacks. I needed to average down a significant loss on this company.
Look at the 3-month chart. I definitely see short cycles, which is normal. If the stock follows the current trend, it is a good time to buy as it may be at the bottom of a pullback.
Go $$BIEL$$
Maybe investors have figured out that BioElectronics is set up for the Whelan family to win at the expense of shareholders.
I agree that BIEL has a bright future in the next couple of years and it could have a SPECTACULAR future beyond 2022........
But our self-appointed CEO tweeted her plan below, so don't expect to see BIEL sell much more than 4 million shares before she, IMO, takes over the company by either selling her ill-gotten convertible notes to a large corporation or exercises the conversion options and sells the company. Either way, our investment stands to lose 67% of its value when she takes action.
As BIEL is now positioned, it will be the acquiring firm that enjoys the fruit of our investment after she retires.
Sounds good to me!
They can be found on the OTC Markets website, found at this link
I've heard it said that oftentimes a victim later becomes a victimizer. Let's hope BIEL's CEO can break that cycle and do right by the law, right by shareholders, and right by herself. If the CEO is of sound mind, I can't imagine that they could get a good night's sleep knowing that they had purposely and self-serving devastated the investment of hundreds of people.
I think that it can also happen if a trade is split. For example, a purchase order for 100 shares is executed in two blocks. One block of 25 shares is purchased at $0.0012, or a total cost of $0.03, and the remaining 75 shares are acquired at $0.0013, the total cost of the 75 shares is $0.0975. The total cost of the 100 shares is $0.1275, therefore the average cost per share is $0.001275
Thank you for sharing in the linked post, the valuable information on the efficacy of BIEL's product, the ActiPatch. I agree and am a happy consumer of the product sold by BIEL.
As you responded to my post, as linked, I ask you to share your information, facts, and figures, as it relates to the accuracy of the information contained therein.
GO BIEL$$$
That is AWESOME NEWS!!! Thanks for sharing.
KN, thank you!!!!
Help me understand how you calculated BIEL note, the face value of $100,000, dated January 13, 2020, and held by Richard Staelin Revocable Trust to be at 8% interest?
The accrued interest from January 13, 2020, to September 30, 2020, is $13,699. That 13.7% for less than 9-months of lending.
Please expound on the information in your post, which is related to the information about BIEL shared in your linked post.
Go BIEL$$$
YOU RAISE A VITAL QUESTION:
I can only speak for myself, and I don't like the FACT that KW, via IBEX, LLC and Jarenz, LLC, (also, don't forget about PW's notes, via St. Johns, LLC) has obtained over $6 million in convertible notes with only having loaned BIEL a one-time, nominal amount of money, for which KW, a CPA at the time, can't provide any documentation, and she's never put any additional capital at risk. She obtained these notes through self-dealing and expressed NO CONCERN FOR BIEL SHAREHOLDERS. You can read all about the case, including her testimony in court documents on the SEC website, found at this link. I refuse to sit idly by while my investment could be reduced by 67% to a conspirator in stealing my equity through the ILLEGAL selling of unregistered shares.
I don't have the shares to take control of the company, but I do have shares, and I demand that my rights as a shareholder, as spelled out in the By-Laws of BioElectronics Corporation, be honored. I'd vote for Sr. Staelin and I'd vote for Keith to remain on the BOD. It is my shareholder rights that are being violated.
Based on reality, the "group" to which you refer in your post refers to independent BIEL shareholders. The very ones that own 23,647,450,953 of the 24,134,783,986 shares of BIEL?
The financing decisions of BIEL are undeniably horrible. Let's hope that they sell a massive amount of profitable ActiPatch products to save them from themselves, or save us from the financing decision-maker.
Three Examples:
#1. Dr. Staelin loaned BIEL $100,000 on January 13, 2020. Accrued interest as of 9-30-2020 is $8,658. Annualized, that's nearly 20% interest. I'm glad that he didn't demand a conversion term at 50%, but man, that's a high-interest rate.
#2. Complete Business Solutions Group, Inc. loaned BIEL $25,400 on April 4, 2020, with accrued interest as of June 30, 2020, of $5,400. Over 20% interest for 75 days worth of borrowing?
#3........and we know the rest of the story, money loaned with conversion terms at 50% of the market price at issue date (loan issue date, not stock issue date).
I meant 15 to 20 years not 25 years in the linked post
It sounds like he actually provided cash to BIEL, without which we'd be bankrupt. What would you prefer?
Also, his cash for shares is much better for BIEL than what the Whelan family did to shareholders, which was printing and illegally selling unregistered shares, using the proceeds of our equity to fund convertible notes that they hold, they take some cash for personal purposes, and roll the notes over for 25-years, then violate the corporate bylaws to keep control of the company, and wait for their most lucrative time to sell their notes or convert them for 2/3 of the value of the company.
Why wouldn't an investor want to exercise their legal right to participate in the company?
Especially when management has a history of taking investors to the cleaners, and even worse, is positioned to reduce the value of investors holding by nearly 67% by transferring equity from our holdings to her and her mom.
There is a HUGE conflict of interest and we know from experience that the Whelan family puts their interest first.
I also use, and love, the product. But I separate the product efficacy and the Whelan family's history and vision. Two completely different animals.
You need to look into company history to understand how this scheme is setup. Then you'll understand the future.
When I look forward, I see a self-appointed CEO that owns a mere 37.3 million shares, an individual which made a "one-time and nominal investment" yet acts, and I think believes, that she and her family are entitled to own all of BIEL. They've lived off the BIEL teat for two decades, illegally sold unregistered shares that really harmed shareholders, all the while skimming profits, and taking salaries. Read the whole history, and even the SEC's concern for shareholders going forward, at this link.
LOOKING FORWARD: Now her plan is to "sell the company and retire". The only way for her to sell the company is to convert her, and her mothers, ill-gotten notes into nearly 40 billion shares of BIEL, or to sell her notes at whatever amount she wants to exit.
IMO, the way this company has been managed, is currently managed, and will likely continue to be managed, shareholders that own 98% of the company will not be given a chance to vote.
My goal is to exit before KW.
The Whelan family has not worked for the best interests of the shareholders. Read the SEC court documents found at this linkand contain KW's testimony. Their self-dealing was at the expense of BIEL shareholders, and they showed no remorse or concern for shareholders.
My hope is to ride this up and exit before KW closes the chapter on BIEL and sells the company when it's in her best interests, not necessarily the shareholder's best interest. She tweeted earlier this year her 7-step plan, which culminated in her "sale of the company and retirement" after sales reached 4 million units sold. That figure is significantly lower than if BIEL reached its full potentential, but it is enough for her to ride off into the sunset. The real beneficiary of BIEL will be the conglomerate that KW sells out to, leaving us with only a fraction of the ROI we're hoping to reach.
Why shouldn't it happen?
Yes, the Whelan family formed the company, and then they took the company public. Therefore, shareholders own the company and according to the bylaws, should be voting on directors.
KW and PW own 27.3 million shares and 250 million shares, respectively. A far cry from owning majority control.
Again, why shouldn't shareholders be able to enjoy their rights as granted in the corporate bylaws?
maybe they sold it to TG for $1, and other good and valuable consideration.
They don't have a controlling interest today. They just rule because they were in the seat first and they never hold an annual meeting where shareholders' right to vote on directors should transpire.
Sounds good to me too!!!
I wonder if KN will be on Uptick Newswire “Stock Day” podcast or on the New Equity Network Talk Radio Show sometime soon.
When BIEL hits $0.0057 I'll have a huge celebration.
Go BIEL!!!
$0.0015
Maybe USRM should relocate to CA
I have faith in the ActiPatch and RecoveryRx products.
I have faith in KN and Dr. Sree Koneru to promote the products to OEM partners.
I have faith that the OEM partners will successfully commercialize the products in a significant way.
I am convinced that KW will not do the right thing by shareholders. history does indeed have a way of repeating itself, so IMO she, and she'll convince her mom, to take advantage of their opportunity to either sell their notes or convert their notes thereby taking 67% ownership of the company. This dilutive action will move 67% of our holdings into their pockets. In my interactions with KW she projects that her family has invested time and money and thereby earned all that she can get. I disagree as the family has made a nominal investment in BIEL and earned income from the company all the while BIEL shareholders have poured over $30 million dollars to keep the company afloat. Currently, independent BIEL shareholders own about 98% of the company, and they have put in over 98% of the capital.
I have faith that I will bail before KW cashes out.
#1. The OS is nearly 25 billion shares, so there is plenty to go around.
#2. There are noteholders that have converted to shares. They often sell their shares to loan the proceeds back to BIEL to enjoy the 50% discount to noteholders
#3. there are "longs" that actually trade the stock when it shows strength and buy back when the pps drops.
#4. there are always traders, trading shares.