Replies to post #306783 on Bioelectronics Corp (BIEL)

[GetSeriousOK]

Those companies weren't in China when the Class A shares were issued.

Those were US companies that didn't meet the reporting requirement in 2021, went to "Expert Market" on otcmarkets.com, went into custodianship, became shells, and were sold.

The Preferred Class A stock was issued when the companies were US Companies. The Class A shares were issued and given to the CEO for the sole purpose of selling the companies, and that is the entire point of my using them as examples.

Granted, BIEL wouldn't become a shell, but BIEL could easily end up in China after a merger/buyout. Probably the most likely place for it! What buyer would stay in that Frederick incubator?

[GetSeriousOK]

Here's one that stayed in the US: ILUS

Same thing. Lots of Preferred Class stock (letters A-E) to allow transfer of ownership without shareholder vote and without the buyer acquiring any common stock.