Bioelectronics Corp (BIEL)

[art2426]

Let's face it, if you are a common stockholder and have invested for years, this 'family loan arrangement' of IBEX (WHELAN family) receiving 50% discounted share price for their loans IS an INSULT and DAMAGING to ALL common stockholders. ALL who have paid FULL PRICE for their stock. Any notes sold to a selected few stockholders for the same deal of 50% discount is just as DAMAGING to all other faithful and long stockholders, as the 'family arrangement shares'. This action by the CEO is just the opposite of what a CEO's duties of ENHANCING stockholder VALUE are!! He is in position to make a company successful and profitable, thus to increase stockholder value, NOT DESTROY IT! The CEO position is there for ONLY THAT reason. He answers TO the stockholders indirectly through the DIRECTORS. In this case, here are NO DIRECTORS, thus directly to the stockholders. HE HAS FAILED THEM (us) seriously. TRIPLE ZEROS SAYS SO!!!!!

If he doesn't like the HEAT he is now getting, he should have never incorporated into a publicly trade company. He NEEDS and MUST answer to his investors!!