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Monday, October 03, 2022 1:22:33 PM
<<<<<<<<<<<< HUGE PROFITS whenever she wants >>>>>>>>>>>>
An AS Increase or a RS would have to be done before she could convert her Loans. Either one would require advance public notice which would cause a sell off unless done after BIEL is producing large consistent profits.
KW and St John's are committed to bringing BIEL to profitability as demonstrated by the forgoing of $2.5 million in Loan Interest and the repeated Roll Over of millions of dollars in Loans that had reached maturity. Without these Roll Overs BIEL would have needed to do an Authorized Share increase years ago.
The only way KW $6 million, St John's $3.2 million, and Dr. Staelin $857k, get their Loans paid back is if BIEL becomes a successful company. That's a very large incentive to make BIEL solvent which will benefit both Shareholders and Lenders.
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