Bioelectronics Corp (BIEL)

[srinsocal]

How can the total shares due to IBEX be calculated on 12/31/2019 when Most Loans have been Extended and are based on the SP at Maturity not Issuance?

<<<<<<<<<<<<<<"shares to be issued on the conversion of these IBEX notes has increased to 21,893,546,573">>>>>>>>>>>>>>>>>>>>>

IBEX had 3 New loans Issued in 2019.

Initiation..Amount..Interest..Maturity..Noteholder..SP at Issuance
3/1/2019 $ 50,000 $ 3,353 3/1/2021.... IBEX......... .0011
3/27/2019 $ 50,000 $ 3,057 3/27/2021.. IBEX......... .00075
10/17/19 $ 16,000 $ 263 10/17/2021.. IBEX......... .0007

The liability for these 3 New Loans can be calculated because the Conversion Rate is based on the SP at Issuance.

The vast majority of the $6 million in IBEX Loans have been Rolled Over. These Extended Loans have a Conversion Price based on the SP at Maturity.

The only way to know the Liability on these Extended Loans is to wait for the Maturity Dates and check the Share Prices.

As laid out in post 235740 the SP has a big impact on the number of shares owed.


235740

"As of Q2 financials BIEL's debt to IBEX and St John's combined was $9.4 million.

With a .0006 SP and the 50% discount Loan Terms the $9.4 million would require 31.32 billion shares to pay off.

With a .0007 SP it drops to 26.85 billion shares.

With a .005 SP it drops to 3.76 billion shares.

With a .01 SP it drops to 1.88 billion shares.

With a .03 SP it drops to 626.6 million shares.

The more successful BIEL is the larger the SP.

The larger the SP the lower the dilution to pay off IBEX/St John's.

KW and PW know that the only way they get their Loans paid back is if BIEL is successful."