Bioelectronics Corp (BIEL)

[Simpsonly]

Or the Whelan family simply surrender and cancel 28 Billion, or more of the 35 Billion shares they control through IBEX and St. John's shares and potential shares by convertible loan notes to lighten the BIEL share structure, so it can run longer and higher, when deals are announced.

That plan would have left the Whelans with approx 7 billion shares, some felt it should be less to lighten the load as much as possible. Former CEO said his usual, "No", to the offer of help, he asked for so he could retire as he did to deals with CVS, Dr. Scholls and KT Tape in his last year or two.

No one in the group that responded was going to make a dime. It was called helping him, turning the company around, increasinf the BoD, fixing the share structure, injecting some operating funds, making deals and generating sales - Imagine!

The math worked out well for the family and ALL shareholders - imagine that! The value of 7 Billion @ .0045 is the same as what they have at .0007 or so, therefor, anything above .0045 is big gravy. Would you rather be in the pennies or remain stuck twisting in the Trips Toilet?

The self-serving share structure is the crippling legacy of the former CEO. Admitting that is admitting the obvious. Fixing it and undoing the damage to the potential of what could be a successful little company would be smart and wise fixing the obscene!