Bioelectronics Corp (BIEL)

[Simpsonly]

Note that Dr. Staelin and Mary Whelan both resigned, as Directors of BIEL, on the same day 3 1/2 years ago, for a number of reasons that many are fully aware of and that have been epeatedly posted here. The suggested reason was not one of them.

It is a new era for BIEL, the past nightmare can be ignored, in favor of focus on the new BoD expanding yhe Board further and fixing the still outrageous share structure by converting IBEX convertible loans to more conventional debt, to prevent the share count from exploding to over 65 billion shares, if all the IBEX convertible notes are converted to stock.

All convertible Promissory note holders loaned hard dollars or services to BIEL and received convertible Promissory Notes. IBEX did not, but that was a scheme put in place by the former CEO to benefit him and his family. BIEL is a different company today. A new era has begun.