Replies to post #312062 on Bioelectronics Corp (BIEL)

[GetSeriousOK]

LOL name ONE of the "SOOO Many Levels" on which my statements are false.

Then read the Disclosure Statements to discover that my statements are 100% true.

The Whelans and Staelin got rich by using BIEL as an ATM machine and they still have convertible loans to cash out and get richer. The Disclosure Statements show that the Whelans and Staelin all converted debt into at least a billion shares each, at a 50% discount to the current PPS, and DUMPED, profiting $$$ millions. And there are $$$ millions of those convertible loans left. Kelly, Patty, and Rick each have several.

It will take them 24 months to cash out once they start The Disclosure Statements show that their loans mature at staggered intervals over 2+ years.

and they will have to do at least one R/S if not more. Well duh. The alternative is to raise the A/S by tens of billions of shares and the dumping would then send the PPS to .0001 at which point they can't get their 50% discount.

but it's going to happen. Seriously, how can anyone doubt this? They're heading in the opposite direction AWAY from profitability, which means they're never going to be able to pay off those loans. Conversion is the ONLY serious option.

I can't help but wonder how much longer Staelin is going to be willing to fund the company by lending them money out of his own pocket. Look at the Disclosure statements. Look how much money Staelin has lent this company. And since Staelin knows as well as anyone the odds against this company ever being profitable enough to repay all that debt.... How much longer? He had to do it again in Q1, IMO, because there weren't any PR's or shareholder letters bragging about sales as there have been EVERY other time they had a decent sales event.