Bioelectronics Corp (BIEL)

[GetSeriousOK]

Furthermore, if a corporation acquired BIEL, they couldn't use BIEL's NOL because BIEL is currently unincorporated.

BIEL says the problem with the State of Maryland is Maryland's fault -- a "beaureaucratic error." I find that difficult to believe because it's been several months. If BIEL wanted to revive their corporation but could not because of a "beaureaucratic error?" No, that's implausible. The State of Maryland is screwing over one tiny little corporation because nobody knows how to fix their database? Because Bob the Comptroller is on medical leave?

Kelly the CPA is purposely not reviving the Corporation, IMO, but why is a mystery. It would only cost $150 to submit the expedited Revival form. When Kelly submits that form, it will show up on the Maryland website, and it's not there.

A "bureaucratic error" would not prevent Kelly from submitting that form. There's something fishy here... just like there's something fishy about Kelly refusing to answer the specific question "is Nalepka currently the VP of Sales at Bioelectronics?"

Anyway.... a "stock purchase buyout" hostile takeover is not on the table, IMO, for many reasons, probably the chief reason being that BIEL "true longs" won't sell, as stated by several of the outstanding GG&G (Good Guys & Gals). And since Kelly Rick and Patty combined own less than 2% of the O/S, a buyout would have to be hostile.

If a hostile acquirer started buying on the open market in an attempt to accumulate 12.6 billion shares for a hostile takeover.... wow, wouldn't THAT be fun to watch. Remember the Hunt Brothers' attempt to corner the silver market in the late 80's?