Bioelectronics Corp (BIEL)

[Simpsonly]

Except for five issues -

(1.)The company doesn't have the cash to pay off the loans and interest;

(2.)Individual lenders made those quite modest loans to help the company at a time when it couldn't meet payroll, something not revealed before this;

(3.)Individuals who did make those loans are under water to this day;

(4.)The major factor is that the Whelan family, without a forensic audit, was not deserving of 35 billion shares, as a result of a revolving financing model put in place by Andrew Whelan; and

(5.)A lack of truthful information and facts. I would love to share the details, which would embarrass detractors of those who helped the company when it was on the brink of insolvency, but that will never happen!