DUKE 2484 It's worse than that.
If you check out pages 7-11 of the financial statement, you will see there is an overhang stock of huge proportions.
IBEX, a company owned by Kelly Whelan, actually OWN all the TECHNOLOGY and has extensive loans made to BIEL.
There are other toxic' with the same situation--ALL of them have conversion rights to free trading common stock.
And a good deal too. Trading at 0.0007 they would get their shares at 0.000275 and could wail the price to crush depth.
How much stock. Well its a little obfuscated--but it LOOKS to be between 30-35 BILLION shares all in everything exercised plus the current outstanding.
It may well be more, just can't tell that without further disclosure.
This isn't just a train-wreck--it is a well calculated plan by the Whelans to get all the work done on their GIZMO--and then dump all the shareholders.
Soon as the SEC makes its mover--that will trigger the avalanche.
They are just biding their time--that's why nothing is happening ( and the product is junk too),LOL!~
Shifty characters--but sharp, a lot sharper then their investors.
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