Great questions to ask Easy, painful answers!
3 arms-length loans total $495,000!
3 more such loans under water, by a lot!
No interest paid to any of them!
Interest accrues - paid in added shares!
And Int. shares are also tricky, try selling!
Some sold and took an added 50% haircut!
Brokers won't take OTC Pinky shares!
So, the amount loaned means $247,500!
Less legal and Transfer Agent fees and more!
If you find a Broker who gives 50% haircuts!
And the risks involved in BIEL making it.
I can show proof of much more.
Never whined, not who I am.
Just wanted ActiPatch to be enjoyed by hundreds of millions of pain sufferers.
All those who lost money lending BIEL arms-length funding also suffered hundreds of insults. 50% haircuts, or worse, wallpapered bathrooms with the shares, after Brokers flat-out refused to take and sell them! Wouldn't take 'em at any price.
Schwab will only "consider" taking them if you have $250,000 in liquidity in your account, then likely refuse. How recent is this DD? How about Tuesday? Of this week! Have I seen proof? I Don't spout crap, unless I've seen the proof...not crap, not maybe, proof!
Hard, real money invested in loans to help - $495,000. End of day? $235,000, maybe, maybe not! And I have proof of much more and many know it. And IBEX received deals under the former regime for 10's of billions of shares for a tiny amount, the former management and couldn't remember and it wasn't showing on the Books!!! Really??
And the game played on! For many years. Until the second week of October of 2019!
I hate whining, I just want the share structured fixed by changing the current convertible loan to conventional debt. Why did the Whelan family forgive a few hundred thousand in interest on their notes? Because the potential 10's of billions of shares those convertible loans could represent are worth hundreds of millions of $$$.
And the sincere lenders of real hard dollars to help BIEL survive get a 60% to 70% haircut! Anyone responding in the negative does not have the proof the note lenders do. I know, from correspondence, that the shareholders have the truth. They are smart!
BIEL Management Version 2.0 - Fix the share structure. ALL shareholders have been badly hurt!
