Bioelectronics Corp (BIEL): According to the SEC court documents KW...

Reply Private New

Replies (1) Next 10 Prev Next

Send PM Follow Ignore

Followers	28
Posts	4417
Boards Moderated	0
Alias Born	11/10/2004

4toSchool

Re: JustGoDeep post# 240002

Monday, 11/09/2020 3:49:24 PM

Monday, November 09, 2020 3:49:24 PM

According to the SEC court documents KW made a "one-time, nominal investment, and never put an additional capital at risk". This was never disputed in any of KW's testimony or in any filings made by her attorney.

The SEC used the term "ill-gotten".

How else would one describe a one-time nominal investment in a company that has never made a dime, rather it burned through over $35,000,000.00, yet during this time KW has accumulated over $6 million in notes, convertible to 50% ownership of BIEL. Similar story for PW. Keep in mind that the Whelan family earned a living off BIEL shareholder equity and their insider dealings for 20-years. Yes, even KW was employed there for some time.

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.