Bioelectronics Corp (BIEL)

[4toSchool]

Total bullshit is the claim that "Currently Biel Is Protected From A Takeover"

Currently, the Board of directors and insiders own less than 2% of BIEL. Independent investors own about 98%.

When the Whelan family converters their ill-gotten promissory notes into tens of billions of shares of BIEL, they will effectively takeover the company depriving independent investors of their investment in BIEL.

This is the very definition of a takeover, and IMO a hostile one.

Independent investors, which have invested 10s of millions of dollars into BIEL (in contrast to the nominal investment by the Whelan family), need protection from losing their investment to the Whelans and their ill-gotten convertible notes.

Fix the sharestructure in a way that is fair, just and ethical. That will move the pps out of the toilet.