Bioelectronics Corp (BIEL)

[art2426]

>>>I have more trust for Rich than I do for some on this board. He made the following statement:
“Most of the funding has come from inside investors (mainly myself).”<<<


Wasn't it RICH (Staelin) who proclaimed the SYNERGY deal? Weren't we supposed to hear about that deal when Synergy registered Bioelectronic products in all their client countries? That was to be completed in quarter 4, 2022. We are in quarter one 2024.

That's who you trust?

And yes, most of the financing HAS come from inside investors, as he and the 'family' are the most invested. Does THAT guarantee a positive outcome for all stockholders. Does THAT mean this cannot fail? Some of those investors have a deal to get 50% discounted stock price for their loan conversions. Are they trustworthy since all others have to pay full price for their shares? And there is the matter of EX IM Bank loan for $500,000 that matured November 2023. That was a sizable loan from NOT an 'insider'. How was THAT handled? Due to the size of that loan, you would think that stockholders would like to know.