FACT #1. The SEC determined that Kelly Whelan is received ill-gotten gains
<<<< So tell me why the SEC, who made an initial Judgement of $2.4 million against BIEL and lifetime ban on KW, ended up settling for $166k and a 1 year ban if they had such a strong case? That is a 93% reduction, why would the SEC do such a thing? Answer, Because the SCOTUS busted them for having illegally appointed in house Judges that amounted to 'Hanging Judges' for SEC Prosecutors.>>>>
FACT #2. Kelly "ill-gotten gain" Whelan has no experience leading a company like BIEL <<<< Some of the same people who gave AW Cart Blanche for many years are now ready to toss KW overboard after 3 months. Like it or not she is the majority BIEL Shareholder. Why not give KW her own self imposed 180 day window to prove herself. With the Mundipharma, Dr. Scholl's, FDA, Ortopedic Partner #2, progress that has been made what are some afraid of? >>>>
FACT #3. BIEL products work <<<< No argument there >>>>
FACT #4. BIEL has the potential to become a billion-dollar business <<< No argument there >>>>
FACT #5. Kelly "ill-gotten gain" Whelan has no successful track record in building a billion-dollar enterprise <<<< See Fact #2 >>>>
FACT #6. Kelly "ill-gotten gain" Whelan believes that BIEL is a family run business giving little consideration to the minority shareholders that have funded BIEL. <<<< The information that KW has shared in the Investor Updates is providing Shareholders with more details about the actions of BIEL than ever before. Appointing KN, who is well respected among shareholders, to the BOD and retaining Dr. Staelin and Dr. McLeod as Consultants, ensures that there are opinions and ideas other than KW and PW's. IMO, without having Friendly Lender IBEX, who gave BIEL dozens of loan extensions, BIEL would have been in BK years ago with shareholders getting nothing. >>>>
FACT #7. The Whelan family has been self-serving as concluded by the SEC. <<<< In addition to a re-read of Fact #1 response, There have been several entities other than IBEX including but not limited to, Tangiers Capital, McLeod Holdings, Abhinav Humar, Timothy Kim, Richard Staelin, James Eason, that have loaned money to BIEL under the same terms as IBEX. So IBEX was not getting a 'sweetheart deal' they were given standard terms that investors in Penny Stocks receive, which have a high rate of return because of the high risk involved in lending to a OTC company. If one concludes that IBEX should surrender shares why wouldn't one demand that shares be surrendered from other lenders, some of whom bragged about the loans on this Board?>>>>
