Bioelectronics Corp (BIEL)

[Simpsonly]

Except the share price of shares issued at the time the convertible note is redeemed is predetermined as at the prior date the loan was made..... I posted the article referring to this a while back.

So, if the prior trading price, at the time the loan was made, WAS, let's say, .0007, then the new shares will be issued at .00035, including the bonus shares. Using this model and $9 million loan, it would mean the issuance of 51,428,571,428.57 nrw shares.

Using a model of loan day trading price of .001 and redemption price of .0005, it would mean issuing 27 million new shares, etc., etc.

Therefor, using your trading price example, if the trading price is .005, at the time of redemption, you see the profit, all emanating from an original "nominal amount" no one can remember or substantiate???? No books or ledgers, accountants, bookkeeper or bank? Really? Hope this is clear now.