Bioelectronics Corp (BIEL)

[GetSeriousOK]

I think her reasoning is this:

When financials are late, shareholders are so relieved when they finally get posted that they don't care what the financial reports contain.

The otcmarkets.com status changes from Pink Limited back to Pink Current, and shareholders rejoice, regardless of the content of the financial report.

This seems too sophomoric to be true, but what other explanation is there? She knew the Q2 numbers on July 1st, assuming she's doing her bookkeeping on a computer and not on index cards or bar napkins. The financial report is just a copy/paste exercise that a high schooler could do in an afternoon. She doesn't need an attorney letter for Q2, but that wouldn't delay the financial report and disclosure statement anyway.

I suspect that she plans to file only once a year and remain at Pink Limited. I think she tested that out last quarter to see who complained, but released the Q1 numbers because with the Adcock order booked that quarter it's going to be the best quarter of the year, so why not release it. Based on the lack of social media "guidance" from Whelan, there were no sizable orders in Q2 so it's not going to be a good quarter.

And no sizable orders in Q3 either -- even if they received an order now, they wouldn't be able to ship and book it in Q3 because their shipping "department" is running on fumes. It must be one person, based on how long it took to ship the Adcock order. One part-time person.