Monday, September 21, 2020 11:07:55 AM
21,971,376,573 Guaranteed to IBEX Promissory Convertible Notes (Kelly Whelan, Self Appointed CEO, President, Treasure,CFD, Board Member)
21,629,634,578 Guaranteed to Other Related Party Loans: (COB Dr. Staelin, Patricia Whelan, etc.)
43,601,011,151 TOTAL SHARES CONVERTIBLE BY RELATED PARTY NOTEHOLDERS
From BIEL's most recent Filing, found here
98% OWNED BY NON-INSIDERS. After the insiders convert their notes into 43,601,011,151 shares, the OS will be 66,971,939,137 shares, and non-insider investor's percentage of ownership will drop from 98% to 35%. Assuming that the market cap remains the same (it will likely drop), the value of non-insider holdings will drop by 65%.
Don't you wish you could make a "one-time, nominal investment", "never put any additional capital at risk" and receive 21,971,376,573 shares?
SOLUTION: Insiders Kelly and Patricia Whelan need to unwind their ill-gotten convertible notes.
All of my comments are based on my own due diligence and are only my opinion. Please conduct your own due diligence and research before deciding whether to buy or sell any stock. My posts are for entertainment only.
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