Bioelectronics Corp (BIEL)

[kidnova]

For those interested, the Whelan family and friends converted $231,452.60 worth of debt into 251,018,609 shares in Q1 at an average PPS of $.000922.

Those shares were then sold into the market at prices ranging from $.0015 to $.005. To be conservative let's assume the average sale price was $.002. That means insiders made roughly $250,000 of profit on the shares sold. That's on top of the 8% interest they're earning on those loans. Lending to BIEL is a pretty good gig if you can get it.