Bioelectronics Corp (BIEL)

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YOU DIDN'T FINISH THE PARAGRAPH. YOU OMITTED "shares to be issued on the conversion of these IBEX notes has increased to 21,893,546,573"

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Starting in 2012 and continuing through December 31, 2019, the Company has extended the maturity dates by up to two years on several separate notes through multiple agreements with IBEX, as a result of insufficient cash to make payments on amounts owed. In exchange for the extensions, the conversion prices were changed to 50% of the existing market price of the Common Stock on the date of the maturity. Due to the drop in stock prices since the original note issuances, the corresponding shares to be issued on the conversion of these IBEX notes has increased to 21,893,546,573 at December 31, 2019.