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Re: Threepointer post# 291382

Monday, 05/23/2022 3:22:53 PM

Monday, May 23, 2022 3:22:53 PM

Post# of 306994
Just to clarify the statement "They spent over 30 million dollars to get fda clearances."

The Whelan's spent over $30 million of STOCKHOLDER'S money. AW printed shares of BIEL, didn't register the shares, gave them to KW, and KW and AW sold them investors, the proceeds DID NOT GO DIRECTLY BACKAccording to the SEC, KW invested s

Other than her initial (undocumented and nominal) investment, Kelly Whelan never took on any additional investment risk; she simply took the proceeds of sales of BIEL securities and immediately reinvested them in BIEL, effectively replacing the shares sold, with an ability to obtain shares in thefuture.37Despite profiting personally from her sales of BIEL shares and using those sales to fund BIEL' s operating expenses-all while BIEL' s share value was plummeting-Kelly Whelan exhibited no concern for BIEL's public shareholders, whose interests were being diluted every time BIEL authorized additional shares to meet IBEX' s conversion rights.38


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.