Bioelectronics Corp (BIEL)

[GetSeriousOK]

Dr. Staelin has lent BielCorp "hundreds of thousands of dollars via convertible notes," but calling that a "contribution" is laughable. He didn't "contribute," he LENT BielCorp money at usurious rates. And he stands to make many $$$ millions when that debt is converted. INCLUDING the accrued interest.

The CEO holds $$$ millions of convertible notes and the Chairman of the Board holds $$$ millions of convertible notes... BielCorp is just a cash cow to these people.

The day of reckoning will arrive. The Four Horsemen of the BielCorp Apocalypse -- IBEX, St. John's, PW, and Staelin -- will cause wailing and gnashing of teeth amongst BIEL stockholders.

The only question is WHEN. They must have expected it to happen by now -- cewrtainly before Andy died. Seeing Andy die had to have been a wakeup call -- life is short -- that money is sitting there waiting for them -- all they have to do is drop the R/S hammer and start cashing out, and they don't need a shareholder vote to do it.

The CEO and Chairman of the Board hold all the power and all that convertible debt.... These aren't just red flags, they are RED FLAGS AND AIR RAID SIRENS.