Bioelectronics Corp (BIEL)

[4toSchool]

I disagree that the first option assumes that KW "will act against her own best interest as a shareholder herself." In fact, I believe just the opposite. I don't think that KW would ever intentionally act against her own best interests.

Ethics aside, it is in her best financial interest to see BIEL's sales and profits grow. Don't confuse that fact, with her ability to convert her notes (along with PW), and take about 2/3rds ownership of BIEL by diluting our holdings. Said another way, she wins bigger by BIEL being valued higher, but either way, she will use her convertible notes in a way that's best for her and mark my words, it will be detrimental to us independent shareholders that currently hold 96.8% of all BIEL stock.

Option B:

Kelly Whelan could at anytime boost the value of our investment exponentially in any number of ways.

The first option assumes that Kelly is somehow malevolent toward her shareholders and will act against her own best interest as a shareholder herself.

I’ll choose option B..