Bioelectronics Corp (BIEL)

[Simpsonly]

Several ways of looking at things.
Perhaps a little light on the subject will help.

Let's say the Whelan family controls approx. 35 billion shares of a total of approx. 62 billion shares ( it is suspected to be a few billion higher, but let's use these numbers for now.)

Those share are found in IBEX, St. Johns and in convertible notes, yet to be redeemed for shares and bearing interest at 8% annually.

With the sp at .0009, it represents a value of approx. $31,500,000.

Let's say the Whelan family says, "We have a better chance of having ALL shareholders, including ourselves have greater value if we disgorge ourselves of approx. 28 billion shares, reducing our holdings to 7 billion shares." Why would they do that?

Because reducing the total possible shares by 28 billion, from 62 billion, down to 34 billion and their personal holdings from 35 billion down to 7 billion, the company is more attractive to more potential investors. Just this morning there have been many references to the number of shares, hundreds of complaints over the past few weeks.

The question then becomes - what price does the stock have to rise to for the Whelans to have the same value, $31,500,000, with 7 billion shares, as they do with 35 billion shares? Answer - $ .0045

The upside, of course, is that the share structure is partially fixed, the company will have only 28 billion shares out, instead of 62 billion, so the sp upside is much more attractive and attainable, making pennies more likely, instead of a company with incredible potential languishing for one minute longer in the toilet its been in for years, with a terminal case of bloat and being labeled a turd. Potentially great company with miracle pain device, a disruptive technology, miniaturized, inexpensive, drug-free, side-effect free, FDA cleared pain remediation. Is it wisest to let it rot in the toilet because of obvious bloat, by just saying the same old "No!", or winning big? See post #212528 for greater details of the management opportunity.


Whelan Simple Disgorgement of Shares
62,000,000,000 Existing shares 7,000,000,000 New Whelan share #
35,000,000,000 Whelan controlled
$0.00090 Price $0.0045 Price
$31,500,000 Value $31,500,000 Value

28,000,000,000 Disgorgement