Bioelectronics Corp (BIEL)

[4toSchool]

The financing decisions of BIEL are undeniably horrible. Let's hope that they sell a massive amount of profitable ActiPatch products to save them from themselves, or save us from the financing decision-maker.

Three Examples:

#1. Dr. Staelin loaned BIEL $100,000 on January 13, 2020. Accrued interest as of 9-30-2020 is $8,658. Annualized, that's nearly 20% interest. I'm glad that he didn't demand a conversion term at 50%, but man, that's a high-interest rate.

#2. Complete Business Solutions Group, Inc. loaned BIEL $25,400 on April 4, 2020, with accrued interest as of June 30, 2020, of $5,400. Over 20% interest for 75 days worth of borrowing?

#3........and we know the rest of the story, money loaned with conversion terms at 50% of the market price at issue date (loan issue date, not stock issue date).