Bioelectronics Corp (BIEL)

[4toSchool]

What right does IBEX claim to be the major shareholder? KW, sole member of IBEX, worked with her daddy in a scheme to defraud investors through the sale of unregistered shares of BIEL. There was, and is, no need for IBEX "loans". BIEL should have registered shares and sold them directly to investors. The only reason to involve IBEX was to create a situation where the Whelan family could own a majority share of BIEL. They didn't put in the capital to keep the company going, they merely sold unregistered shares of stock, backdated some notes, then claim that they are owed millions of dollars. CRAZY STORY BUT TRUE.

My prediction: BIEL will be hugely successful, and KW & PW will then convert their notes to shares and sell BIEL to an investor leaving us with 1/3 of what we thought we'd receive from our long-suffering investment. If you're content with having 2/3rds of your investment being taken away to pay off a note-to-share scam, well.........