Replies to post #241164 on Bioelectronics Corp (BIEL)

[4toSchool]

I also use, and love, the product. But I separate the product efficacy and the Whelan family's history and vision. Two completely different animals.

You need to look into company history to understand how this scheme is setup. Then you'll understand the future.

When I look forward, I see a self-appointed CEO that owns a mere 37.3 million shares, an individual which made a "one-time and nominal investment" yet acts, and I think believes, that she and her family are entitled to own all of BIEL. They've lived off the BIEL teat for two decades, illegally sold unregistered shares that really harmed shareholders, all the while skimming profits, and taking salaries. Read the whole history, and even the SEC's concern for shareholders going forward, at this link.

LOOKING FORWARD: Now her plan is to "sell the company and retire". The only way for her to sell the company is to convert her, and her mothers, ill-gotten notes into nearly 40 billion shares of BIEL, or to sell her notes at whatever amount she wants to exit.

IMO, the way this company has been managed, is currently managed, and will likely continue to be managed, shareholders that own 98% of the company will not be given a chance to vote.

My goal is to exit before KW.