Replies to post #198233 on Bioelectronics Corp (BIEL)

[yankee55]

Easiest thing to figure out since discovering the one component missing at BIEL - competent management.

Whelan and his daughter were judged during the SEC enforcement proceedings as guilty at many levels and then barred from any involvement in penny stock transactions for 5 years and one year respectively. That would be for the purpose of protecting members of the public, it would seem. There is a generality in life that how a person does one thing is mostly how they do everything.

So, why wouldn't Whelan retire as he said he wanted to in April, if it could mean a large jump in pps with he and his family with the most to gain, like over a billion dollars at 5 cents? Do the math. 25 billion shares at 5 cents = $1.25 billion.

Because he either can't get out of the way of his Founder's Syndrome and lifelong personality traits of defiance, bullying and narcissism made worse by advancing age issues and dementia, or he and his daughter are hiding things not disclosed in the mess that is BIEL and will be uncovered with a management change, or both!

No one stays on after declaring his wish to retire, while holding $1.25 billion worth of stock at a pps of 5 cents, no one! Especially when his retirement, a professional in his place, a real BoD of say 7 directors and almost immediate retail deals driving sales will drive the pps to pennies. Now add FDA clearance, the CE Mark and retail deals and you have a dynamite company with a pps of 7.5 to 10 cents! Do the math again.