Replies to post #71347 on Bioelectronics Corp (BIEL)

[fuente]

I believe the term the SEC used is 'funneling'.

If you read the BIEL filing, it says a portion as funneled to BIEL.....so what do you think happen to the other portion.

The awhelan family. Dirty. To the core.

Makes brother Ed look like as ain't, ironically.

[stockdarockk]

Im sure they put some back in. But NOW many in here will find out just how bad this share structure hurts them. See even if the "family" helped by putting some money back into the company, one MAJOR new development here is that option no longer exists. Now all funding and terms will be determined on how "attractive" the company would look. And at this bloated structure, this will attract the toxic of the toxics.

So for funding going further they are going to need to get outside financing. Theyve already burnt their credit line bridge. Now the toxic family, who many said family would go easier on them in terms, has to look for those more vulture type options. Then even they will get the low end of that because even those guys will see 15 Billion A/S,and over 11 Billion O/S as problematic.

This only goes from bad to worse now. And thats if it even survives not being HALTED.

This was their crooked funding for 7 years. Now what? And what was always tried to be used as a good thing by it being the family and not someone else, JUST CHANGED for the worse.

Watch for a mass exit on Monday.