Replies to post #208702 on Bioelectronics Corp (BIEL)

[JustGoDeep]

---- ---- #nohostiletakeoverofbiel-ever ---- ----

Money Lender Should Give Back Half Their Shares Too!!

NOT GOING TO HAPPEN!!

[pennytiger]

That should have been in the update, instead of that 180 nonsense!

When penny stock CEOs sweet talk you like that, there is a good chance that they are going to pull a fast one on you, similar to a politician!

[4toSchool]

Help me understand the math behind your proposed share restructuring.

Reducing the Whelans outrageous holdings from 35 billion shares to 7 billion, thereby lowering the possible AS from 62 billion +- to the 34 billion

I agree that the outstanding notes, the vast majority are being held by Whelan insiders. TDAmeritrade puts the OS at 62 Billion. If I understand you correctly, you state that the Whelan's hold 35 billion in either shares or notes convertible to shares. If they remove 28 billion shares (either held shares or notes convertible to shares), that would leave them with the potential of 7 Billion shares as of today. This is where I get lost: If we removed 35 billion shares from the potential of 62 billion shares that would be 27 billion shares owned by non-insiders. If my logic is correct, I don't see there being 27 billion shares, or notes convertible into shares, being owned by non-insiders.

I would sincerely appreciate your clarification because I know you've hit upon a very important matter.

I am not personally convinced that KW and mom hold 50% of the OS. They have a chit load of convertible notes that would take them into tens of billions, but barring a disclosure from "management" I don't believe that they hold enough shares to have taken over the company. One simple and easy disclosure by KW would put this matter to bed and I'd move on.