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That is not what I posted. In my opinion the market cap will rise significantly over the coming months perhaps even a year, or two, at such time the ill-gotten convertible notes held by the Whelan family will either be sold at a premium to some conglomerate and stockholders at that time will be screwed or the ill-gotten notes will be converted to shares and stockholders at that time will be screwed. IMO, there is no long-term play. I say this because earlier this year KW tweeted that after BIEL hit 4 million annual units sold, she was going to sell the company and retire. Again, in my opinion those holding shares at that point in time, when she sells, are going to lose bigly. I'm planning to ride it up but will bail at some point as I don't believe the company will be around for the long term (i.e. will be sold with terms preferential to the Whelan family and harmful to existing shareholders). My guess is that BIEL will be sold for less than copper, perhaps with a pps around $0.007, and that is just a guess
....and those concerned about the Whelan family's intentions with their ill-gotten convertible promissory notes requiring the issuance of nearly 40 billion additional shares to be satisfied, close to 2/3rds of the company. That equity will come directly from our investment accounts.
How could consumers in the UK buy an ActiPatch if it was no longer available in the UK? Firstly, AW pulled the ActiPatch from the shelves, secondly, he then allowed the CE Mark to expire. BIEL couldn't ship products to countries that require the CE Mark. This ineptness caused BIEL to lose millions of dollars in revenue.
I hope that you are correct, but I bam not naive about what can happen. The Whelans have shown us that they are neither competent nor trustworthy. Read the SEC court documents and you will learn of KW and her total disregard for the harm that she was causing BIEL shareholders by her self-dealing.
The major differences between the failure of Actipatch and Boots and Actipatch and DonJoy is the involvement by AW. AW prematurely pulled the ActiPatch from the Boots shelves. Now, AW can't pull the plug on DonJoy, or any other deal. In addition, BIEL is now relying on DonJoy, a company with stellar sales and marketing skills combined with a market proven product versus AW's belief that the ActiPatch would fly of the shelves without marketing and without partnering with another product.
I'm confident that BIEL will be successful. I just hope that my shares are not diluted by 67%, via the Whelans and their ill-gotten convertible promissory notes.
What are the plans for the ill-gotten convertible promissory notes held by KW and PW, which will control nearly 67% of BIEL?
The problem created by the overhange of these notes is an anchor on the pps. Can you imagine what will happen when 40+ billion more shares are issued. The existing shareholders will likely see a 67% drop in the value of their BIEL investment.
Stryker may be the one company that we should fear. IMO and IME, they have aquired companies while leaving existing shareholders holding the bag. For example, read up on how Stryker aquired TSO3(TSTIF), and what the shareholders received. The company spent many years using shareholder equity to obtain FDA approval on their unique product and had just received a significan number of large purchase orders, when Stryker bought them out for pennies on the dollar of their true value. Sound familiar? Let's not end the way of TSO3
The statement is not the full story: "Divided by 25,000,000,000 Authorized shares" is omitting the 40+ billion shares needed to satisfy the promissory convertible notes, many of which, per the SEC, are ill-gotten, as they were obtained via self-dealing.
False statement that "They were legally acquired and documented. "
1. Years of notes were backdated
2. KW couldn't privide documentation to the SEC for her one-time and nominal investment.
3. The SEC stated that the notes were a product of self-dealing, and therefore "ill-gotten gains".
The issue remains current as the 6-figure fines reside on BIEL's balance sheet, and are nearly 1-year over due. Interest, fines, and penalties are accruing.
I will consider retracting my opinion when KW returns her ill-gotten gains, and convinces her mom to do the same.
BIEL will likely be a success. Our investment could be reduced by nearly 67% whenever the Whelans so desire. They hold ill-gotten convertible notes valued at around 40 billion shares. Read the most recent financial disclosures.
What??? Closed at $0.0011, with a gain of -$0-, even with a game changing PR!!
I guess the 40 billion shares needed to satisfy the ill-gotten promissory convertible notes held by the Whelan family must have scared off potential investors.
51 million BUYS
152 million SELLS
IMO, investors, based on their experience, don't trust KW to treat them fairly, and are using today's early jump in the pps as an oppourtunity to exit. How many BIEL investors want out, and how many shares of BIEL do they hold?
This post should be stickied, because I believe it will be proven highly accurate.
Technically, the products are "FDA Cleared", not "FDA approved".
Sounds good to me too!!!
That battery swap is faster than I can pump gas.
I've read the financial reports and the SEC court documents, what do you think I missed?
KW's illegal behavior, that continues to harm BIEL investors, shouldn't be downplayed as "lawyer jargon".
If it "amounted to nearly nothing" why hasn't the SEC fine been paid? It was due last December, and is accruing interest and possibly penalties.
The fine sits on BIEL's balance sheet, so it is a current and unresolved issue; which is not "phony" BIEL news. It is a legitimate fact that the SEC imposed a fine on KW, AW and BIEL. Why was BIEL named? IMO, AW and KW didn't want to pay the fine, so they presented a settlement offer to the SEC which included BIEL, along with them, to be jointly and severly liable for the fine. That way, the equity position of BIEL shareholders can be used to pay the fine, just like all the legal fees and travel expenses related to the SEC investigation and settlement.
Thank you for sharing. It was a good interview. Dr. Comella seemed less stressed and more positive than previous interviews from last year.
I'd like to see KW put some capital at risk, and I mean more than the "nominal one-time investment" she made back in 2005. Her ill-gotten notes were a product of self-dealing. Like I said, I'd like her to put some of her own money, like has Dr. Staelin, into the company.
BIEL's been working on Allay since 2012 and it still isn't cleared? Geez, I am glad I didn't invest my money back in 2012
I post facts. Among them are:
1. KW owns 37.3 million shares as of June 30, 2020, which is less than 1% of the company
2. KW tweeted SHE will sell BIEL and retire
3. KW holds over 6 million in ill-gotten promissory convertible notes which are convertible to over 20 billion shares
4. It would take converting her 6 million in ill-gotten notes into 20+ billion shares to fulfill her 7-step plan, ending in the sale of BIEL.
Sharing indisputable facts and I'm labeled "doom and gloom". The future can change from doom and gloom if the ill-gotten gains are removed from the clutches of KW and PW.
You need to double-check the errors in the linked post. I found one in mine, namely she has less shares than I previously posted.
KW owns 37.3 million shares, per the most recent disclosure found here: https://backend.otcmarkets.com/otcapi/company/financial-report/255404/content
The only way I see that she can fulfill her 7-step plan is to convert her ill-gotten notes to tens of billions of shares. Based on her tweet, how do you see her exit plan working out?
So, is 4 million units sold in a 1-year timeframe near the products potential? If not, too bad KW tweeted her 7-step plan, which includes selling the company at 4 million annual units sold in 2022.
"Bug fixing is a crucial part of maintaining an app, and usually costs around the range of $1,000 to $1,200."
Isn't this the problem that delayed the watch for years. Now, they're asking companies to rely on their team to fix bugs?
only 7 more years!!!
I don't think that StockTA knows about the 40 billion shares needed to clear the convertible promissory notes.
I'd say that they were a failure prior to COVID 19, so no.
You've made some good points. I appreciate your post.
Intel wouldn't have earned $71 billion had they not invested in branding their product. If they relied on the OEM partners, very few people would know of Intel, and seek out products with "Intel Inside".
I've heard that we'll see products that we think are our competitors, but will really be powered by ActiPatch. If true, we've lost a great opportunity to brand our product and create consumer demand for "Powered by ActiPatch".
Why does Intel spend tens of millions of dollars in advertising their brand and products if "OEM Revenue removes 90% of the 'Sales Support Expense' because all Sales and Marketing is the responsibility of the OEM Partner as the end products are not BIEL's but the Partners."?
$930.60 for 20,000 shares is far from a "paint-job".
Well stated Art.
Unless they file an extension like they did last quarter.
I agree Emit.
Hopefully, more than a positive expectation on the court case is brewing.
Do you recall someone's post that claimed USRM was hiring, both here and somewhere overseas?
That stale explaination holds no water.
The issue isn't resolved, therefore it is a current issue.
The truth will be known when we learn how the SEC fine was removed from the $BIEL balance sheet.
Just like all the legal bills paid by BIEL shareholders, the fine will also be paid by BIEL shareholders.
Is she really a licensed CPA? You should check on these things before you post incorrect information.
The fines owed to the SEC were a direct result of the settlement offer submitted by AW and KW to the SEC. So, they 'volunteered' that BIEL be jointly liable for the fines that their actions created.
Also, as investors have covered all the legal, travel and other costs associated with the SEC fine, I'm confident that she'll stick us with also paying the fine.
While I agree that the SEC's use of Administrative Law Judges was unconstitutional, that doesn't mean that those found guilty by the ALJ's were innocent. Based on my reading of the pertinent documents available at SEC Document https://www.sec.gov/litigation/apdocuments/ap-3-17104.xml which includes the testimony of the Whelan family members (KW, AW, MW), I draw the conclusion that they were guilty of violating SEC rules. Rules that are meant to protect investors.
After the Supreme Court ruling, the SEC was faced with scheduling hundreds, if not thousands, of retrials. I believe that BIEL, having made a settlement offer, and having no money, was not worth the SEC's time.
Keep in mind that years earlier the State of Maryland also fined AW for selling unregistered shares and he agreed to never repeat that criminal behavior. Based on the subsequent events, AW didn't fulfill his agreement to cease-and-desist.
Keep in mind that the SEC levied fine now sits on BIEL's balance sheet as a liability to be paid with company dollars. This is an insult to injury as KW has defrauded investors of their assets, was fined by the SEC, and her victims will pay the SEC fine.
Based on my respect for KN and Dr. Staelin, and their recent communications to the investment community, I am convinced that numerous deals are done and others are in process.
SEC Document Links to
https://www.sec.gov/litigation/apdocuments/ap-3-17104.xml
In the Matter of:
BioElectronics Corp.,
IBEX, LLC,
St. John’s, LLC,
Andrew J. Whelan,
Kelly A. Whelan, CPA, and
Robert P. Bedwell, CPA
Respondents.