1) Restore its Maryland corporate status (if forfeited). They did that. BIEL is Active.
2) Maintain current audited financials and SEC filings. They ARE current -- Pink Limited is current -- and they don't file anything with the SEC. And the financials do NOT have to be audited.
3) Have board approval and file a charter amendment under MGCL. Yes, which would take minutes.
4) Comply with FINRA and SEC disclosure requirements to effectuate the split in the market. LOL, like pay for a press release -- they only have to give the public TWO DAYS notice.
This means the company cannot move forward until both its legal standing in Maryland and its financial reporting obligations are fully up to date, which is many months away.
It's Active in Maryland and its financial obligations are up to date. They have to warn about the R/S two days ahead.... on NASDAQ and NYSE they have to notify the exchange 10 business days ahead but not on the OTC. Where did you come up with "many months?" I don't think even FauxPilot is THAT naive.
A more strategic move would be for Electrome.io (and/or other partners) to acquire a stake in BIEL and leverage the exponential upside as the PPS continues to rise. This could be executed immediately....
They CAN'T because that would be trading on insider information.
...insiders selling a small portion of their convertible notes. The insiders would still become filthy rich from their remaining notes.
What are you talking about? Those notes can't be converted because there are no shares left in the A/S to convert them, unless they do the reverse split that you erroneously insist can't happen for several months.
Still running on my partially torn meniscus thanks to the Actipatch! Certainly beats having surgery! Picked up another 6,660,000 @ .0003 $TILLABELIEVER$$