Bioelectronics Corp (BIEL)

[Simpsonly]

1. Assume only a token amount or less, because knowing the exact number accomplishes nothing. The document may have read, "for the sum total of ten dollars ($10.00), receipt of which is hereby acknowledged and other considerations," etc., etc.

2. ROI, does it matter? The revolving convertible loan model was adopted by the former CEO, after a couple of NYC Slickers made a few million doing it. Former CEO said, "why not me?", and set up IBEX to finance BIEL. Trouble is he turned the model into a printing press. Would have been ok if 100% of proceeds had gone back into the company......

3. Current CEO may not see the light, or care, but she is totally aware of the corrupt behavior of the past....

4. The current CEO must not disclose here or anywhere else that is inappropriate, what steps the company will take to rectify the outrageous share structure and how it happened, except through normal channels for a public company.

The good thing is she knows and so do waiting, observing shareholders. Fix the BoD, fix the share structure.