Bioelectronics Corp (BIEL)

[Rheeper]

Great news! No need to slap the ASK. One can simply place BIDs and they will get filled.

There will likely be opportunities to buy BIEL more cheaply in the next 3-6 months, as another $825k in CBs will mature in the coming months which translate into at least 1.1 billion new shares. Because these CBs will be converted at 50% discounts to the market px at issue date, all of these will be in the money and dumped into the market because the note holders are disinterested, 3rd party financial investors.

Depending on the newsflow and whether these deals pan out, one may be able to buy shares even more cheaply after 6 months going into 2021.

$1.35 million worth of CBs will mature in 2H2021, leading to another 2billion in shares.

The IBEX and St John's are also maturing in 3Q2021, but these will likely be refinanced or modified to the detriment of minority shareholders.

Given that the share count is over 23billion and the A/S is 25 billion, expect KW to file yet another AOI to expand the A/S in the coming months to accommodate these new shares being converted.