Bioelectronics Corp (BIEL)

[4toSchool]

"the Whelans done somebody wrong doesn’t change a thing."

It is more about what the Whelans are poised to do that will further harm shareholders. That is the issuance of 40,000,000,000 new shares to satisfy their ill-gotten notes that will change a thing, or two.

They don't deserve to own 2/3rds of the company for having almost bankrupt this company numerous times. BIEL has been bailed out by non-insider investors numerous times.

"... the success of the company, which wil in turn make investors happy have no need to disparage because it only hurts, and doesn’t help. "

Again, investors may be shocked to wake up one day and find the value of their holdings is reduced by approximately 67% due to the conversion of the ill-gotten notes held by the Whelan family.

So, the company can be successful, while the non-insider investors will lose as they will see the value of their investments transferred to the Whelan family and other insiders. IMO.

Did change a thing:

I'm convinced that people messaging KW via this forum can take some credit that KW and her mom elected to not collect interest on their ill-gotten notes. The interest charges saved are in excess of $1 million. I'm not blind to the fact that for optic's sake forgiving" some interest, which should never have been charged in the first place, is advantageous to the Whelan Family. If they can placate investors with interest forbearance and keep their convertible notes, their holdings are worth 42.75 million dollars (67% of BIEL's market cap). I think it is right and fair to shareholders that they extinguish their ill-gotten notes.