Bioelectronics Corp (BIEL)

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I would turn that question around and ask how IBEX gets any money out of BIEL to repay the Loans unless BIEL becomes profitable?

* BIEL has only 800 million shares available until they max out their Authorized Shares which would only cover a small fraction of the debt

* An AS increase large enough to cover the $6 million + in debt to IBEX would sink BIEL before IBEX got a chance to sell any converted shares

* IBEX lost the first rights to BIEL's assets years ago to EXIM Bank for the extension and increased size of a loan, if BIEL goes BK no guarantee IBEX gets anything


IMO, the only way IBEX starts getting their Loans repaid is for KW to make BIEL not just profitable but very profitable which will also benefit shareholders.