Bioelectronics Corp (BIEL)

[Simpsonly]

Hey Sausage - hope you're well.
If indeed the CEO's sister is the global distributor, I guess common sense says there should be total transparency as to BIEL's costs, selling prices to the sister's company, wondering if it is a private company, and selling prices to her international distributors.
The simple question must be asked as to why have such a potentially conflicted or messy setup? I am not accusing anyone of anything, it is simply intelligent and good governance and oversight of a publicly traded company to avoid trouble through clarity. Disclosure is the best remedy so as to avoid close scrutiny by the auditors, SEC, IRS or law enforcement.
And if there is one moment of hesitation about full and open disclosure, that would speak volumes.
I am sure the management of BIEL could not be so stupid as to divert revenue and income away from the public company to a family-member owned and therefor possibly conflicted private entity, to possibly avoid disclosure of income or taxes through diversion of profits off-shore in such games, but the company has the money of public investors and transparency therefor rules. In addition, the company has been financially supported by funds provided by the taxpayers of Maryland. I am just wondering, why go through such gyrations? What is the purpose? Thoughts?