Bioelectronics Corp (BIEL)

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Lets a take a look at those Notes

7/1 McLeod $97k / 8/6 McLeod (no 8/6 found) - Ken McLeod is a friend of BIEL having collaborated with BIEL on many projects. He will work with BIEL regarding his loan maturity.

8/6 Staelin $42k - 9/24 Staelin $18k - 10/31 Staelin $13k - Dr. Staelin, BIEL's COB, is a 'friendly lender' having loaned BIEL hundreds of thousands of dollars and extended loans numerous times. Of the 3 loans maturing this year only the 9/24 loan is Convertible, the 8/6 and 10/31 loans are Interest Only.

9/30 St,John's $27k - 11/29 St.John's $54k - St John's is a 'friendly lender' having loaned Millions of dollars and extended loans numerous times.

11/20 T. Kim $225k - T Kim is a 'friendly lender' having extended $480k in loans in the past.

10/5 Byzfinder $52k - Commercial Interest Only loan.

12/16 CanCapital $73k - Commercial Interest Only loan.

Given the high percentage of loans that are held by 'friendly lenders' BIEL may have the two Commercial loans totaling $125k, due later this year, that are not extendable loans.