Bioelectronics Corp (BIEL)

[DewmBoom]

Wow....That is why Daughter Does Not Care As Well

No, saying that family gets 2/3 in buyout
Quote:
Does this clause, forfeit , exclude or exempt any future negotiation of any future concern going forward ?

No, what I'm saying is that these note agreements are set up so that if BIEL is acquired, IBEX (Whelan's daughter) and the Related Parties (other family members) will get a big payoff.

That's why in every filing the company says how many shares each of the lenders will get upon conversion. Currently, that would give them about 2/3 of a deal.