Bioelectronics Corp (BIEL)

[GetSeriousOK]

I think it's simply greed.

The Whelans and Staelin got rich by using BIEL as an ATM machine and they still have convertible loans to cash out and get richer. It will take them 24 months to cash out once they start, and they will have to do at least one R/S if not more, but it's going to happen.

I can't help but wonder how much longer Staelin is going to be willing to fund the company by lending them money out of his own pocket.