Bioelectronics Corp (BIEL)

[4toSchool]

Yes, you are 100% correct on this matter:

Money Lenders Benefit From Lower Shares Prices
And Get More Shares With A Lower Biel Stock Price.
Clutch You Shares Tightly!!
Whole Lot Of Bullshit Going On!!

QUESTION: Who are BIEL's largest money lenders and therefore stand to benefit the most from lower share prices?

ANSWER: Kelly "the Conduit" Whelan and Patricia "ChairMom" Whelan. They collectively, as of 9-30-2019, hold 80% of BIEL's notes valued at $9,678,139.

If converted today at $0.0007 pps, they would receive 27.7 billion shares. If the pps continues on its downward trend the more shares they'll get. If the pps falls to $0.0005 they would walk away with 38.7 billion shares.

We have a management team that is massively conflicted as they receive more money when the pps drops. When they convert their shares it will dilute our ownership by more than 50%. Then they'll probably work towards improving the pps. Remember, KW tweeted that we won't see a sustained pps improvement until BIEL has posted quarter-over-quarter improvements in revenue and profitability.

QUESTION: How did Kelly and Patricia come to own notes totaling $9,678,139?

ANSWER: According to the SEC archived document found at this link. Andy first illegally gave them unregistered shares to sell, the shares were sold and the proceeds were returned to BIEL. Then Andy gave them more illegal shares to sell and it was at this point that he signed a note to IBEX and to St. John's (who gives someone money and then signs a note that they owe the money? Only a simpleton or a fraudster). According to the SEC, this process continued for years. Kelly and Patricia claim the $9,678,139 as their own assets, assets that the SEC declared as ill-gotten gains.

SOLUTION: It is time for Kelly and Patricia to do the right thing by proactively disgorge themselves of the ill-gotten gains they've kept by canceling the notes.

SHAREHOLDERS: To protect your investment the days of self-dealing and retaining ill-gotten gains must come to an end. Contact Patricia, Kelly, and Keith and express your legitimate concerns. If our Board of Directors fails to fulfill their fiduciary responsibilities to protect the company, alert the SEC and the State of Maryland.

SEC Investor Complaint Form found here

Enforcement of Maryland's Investor Protection Laws

The Securities Division also investigates complaints about potential violations of the investor protection laws it administers. In appropriate cases, the Securities Commissioner may issue administrative stop orders and cease and desist orders, to halt immediately any violations of the laws. The Securities Division may also file civil enforcement actions in state circuit court, or refer a case for criminal prosecution to the appropriate state, local or federal authorities. To file a complaint or to report a potential violation of the law, call
Max Brauer - Attorney
State of Marland
Direct # 410-576-6950
410-576-7050