Bioelectronics Corp (BIEL)

[4toSchool]

Shareholders that own 98% of the shares have legal rights to cast their votes for company Directors. But, KW controls BIEL just5 like AW controlled BIEL, by ignoring the legally binding corporate by-laws.

The SEC barred KW from anything involving penny stocks for a period of one year. So I am not surprised that there was no activity by KW during this timeframe.

KW holds $6 million of what the SEC declared was "ill-gotten gains" In what alternate universe can someone lend a nominal amount of cash to a money-losing company and after 15-years of losses, turn that nominal investment into a $6 million asset? BIEL shareholders have invested $37 million in BIEL and now only have $16.7 million. During the same timeframe, KW invested a nominal amount of money and now claims an asset valued at $6 million. The SEC concluded that KW aggregated these notes through self-dealing and lack of concern for shareholders

Please explain how KW is CEO if she does not control BIEL, I will wait

IBEX/KW doesn't need to have the shares in hand, the $6 million in Convertible Loans that KW holds give her controlling interest.

The last time KW Converted any shares was March 2019. The same date she made $100k in new loans to BIEL.

Holding $6 million in BIEL Penny Stock Debt for years, Rolling it Over when it Matures rather than cashing in, should be a clue, BIEL's survival is KW's priority.

https://backend.otcmarkets.com/otcapi/company/financial-report/255404/content