Bioelectronics Corp (BIEL)

[Probity]

Hey Art…It would seem that the higher the percentage discount being offered on the convertibles is a good indication of the financial strength, or lack thereof, of the company, and also the risk involved for the investor/lender. But if you've got virtually unlimited means to lend, and it's pocket change, it may be an easy decision and the risk is minimal relative to one's worth. The higher the percentage discount offered, in our case 50%. then the more the dilution when converted which impacts all shareholders, as you know. Is it excessive? Well, could be a matter of beggars can't be choosers. But it's not something I'm interested in doing for a variety of reasons.

The share price stinks. The product? Disruptive technology. No question.