"I would like to see proof!!"
Best way is to take the research you've been given and confirm or deny it through your own Due Diligence. The originators of the research started with nothing, a clean slate and worked hard for a long time to get the research into intelligible form. So, much of the work has been done for you.
With almost 700 MILLION shares traded yesterday, CLOSE TO A BILLION, you would think the share price would have risen, but it didn't. Does anyone need better evidence that someone, guess who, was selling shares derived by converting a note?
Post from yesterday should explain.
"Case in point, today, almost 700 million shares traded. IBEX (Kelly Whelan, daughter of Andrew Whelan, CEO of BIEL) sells and conveys a convertible promissory note, issued by BIEL in return for a loan, to a third party, because the Whelans are under barments by the SEC and can't engage in activities involving penny stock shares, who pays Kelly Whelan for the note.
The third party, middle man, having taken ownership of the convertible notes, then converts the note to shares through the BIEL Transfer Agent, who then sends the shares to an off-shore broker who sold many of the almost 700 million shares traded today and covers those sales with the shares received from the Transfer Agent. They have been doing it for years and the only way to learn of it was to make a loan and receive a note. Anyone want to read the document? Slick as a whistle. Why so glum? Almost 700 million shares traded today, with a Walmart meeting in the offing and 1 day after another fluff letter by the Whelans to shareholders . . . .but the share price remains essentially the same????"
As said, if the CEO is not an inept, over the hill, bungler, the stock price will rise just with speculation of real deals and sales, that's how markets react and discount great news early. If he needs to retire now, it will stay in the toilet. Simple.
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