Bioelectronics Corp (BIEL)

[Simpsonly]

Think this message got lost in the flurry of posts the other day......

And I appreciate your opinion Rocker.
Seems to me that Whelan has been doing exactly what you wrote - the dilute and advertise plan - but minimally, to pay his bills and keep the company going.
He could have raised a lot more money had he sold hundreds of millions of shares at .0040 to .0050 and could have cashed out a couple of years ago at 12 cents, but why didn't he? I think it's because he wants this thing to succeed and cash out big time further down the road.
No question manipulating brokers could easily run this stock up several times to 25 cents, or more, on no activity and without the FDA releasing a favorable decision for OTC sales of BIEL products. They could do it virtually on a whim just to make money - stocks like BIEL run up and down in many markets.
But that is not happening. So I have to aks why? Because in my opinion, Whelan and the company are surviving just fine, paying the bills, while signing up distributors, by selling stock at these prices in anticipation of the bigger score down the road - 25 cents or far better, when BIEL does get FDA approval. Makes sense to me, otherwise why bother? He and his family own enough stock to make millions at these levels! Imagine the upside at 25 cents or half a buck? I'd be waiting too.