Bioelectronics Corp (BIEL)

[4toSchool]

Why do you believe that the noteholders will accept repayment with dollars versus shares?

Look at a recent conversion:
Note date 5/21/2018
Note Amount: $135,000

Conversion of debt to 629,856,000 shares on 7/27/2020

Value of shares on the date of conversion: $409,406
Value of shares at yesterday's close: $1,952,554

Do you really think that the note holder would accept repayment of the $135,000 + 20,000 interest versus $409,406 in shares, now valued at $2 million dollars?

If KW will accept cash in lieu of convertible stock, why hasn't she stated as much, or taken action and voluntarily removed the conversion option of the notes she holds? She's the sole member of IBEX, LLC and the President, CEO, Treasurer, and Executive Board Member of BIEL?


Investors need to value this company based on the fully diluted share count. Otherwise, IMO, they'll be in for a rude awakening.