Bioelectronics Corp (BIEL)

[Simpsonly]

No offers of a board seat were made - that in and of itself is absurdity, to those experienced in business.

Calls were made to share concerns about BIEL. Those called were asked if they would allow themselves to be considered for standing for election as Directors. There were no strings attached, none whatsoever. Comments were made that if shareholders were unhappy, they should call the company and make their displeasure known. In some cases it was the only call made, one time. FYI, all people called expressed a positive response to being considered for the BoD.

Names were added to the list of people that might be considered. Deletions were made, where judged appropriate for various reasons.

No CVs were requested, as would happen in such circumstances. No reference to documents and process to become a Director of a public company in Maryland ever, also a normal step.

Several people received follow-up calls, then called each other back and forth many times. There were numerous conference calls and meetings, over many months, after the initial 6 calls. Approximately $3 to $5 million was discussed as the required capital to take the company forward to profitability. There is a ton of other information, but only certain people have that.

Does this sound credible, professional, experienced? Because it is exactly what happened, nothing more, nothing less, and certainly no strings attached, ever.