Bioelectronics Corp (BIEL)

[art2426]

Staelin has over $5 million in loans to this company. You would think he will say anything to the stockholders to keep this from bottoming out? Notice HE is the one now giving these 'updates'. Why not the CEO? Maybe because the CEO has lost her credibility and the confidence of the stockholders, since she has become CEO? What has his last 'update' to the stockholders, done for the stock price? Sadly, it seems like whatever he says, along with the CEO, doesn't really matter any more. Until they report financials, this mistrust will continue, imo.

Check the financials, those loans use to be in there when they formerly reported the quarterlies. Sadly, they don't report quarterly anymore so we will have to wait for the 2023 annual report ---- if they do indeed report them.