Reading Material for you re dilution concerns:
Sunday, October 23, 2022 11:29:10 AM
Post# 301191
Several Very Large Holes in that Opinion
Convertible Note Holders have to Convert their Loans to Shares before they can Sell
BIEL has only 295 million shares available to pay back Convertible Note Holders with before they hit their 'Authorized Share' limit
All of BIEL's current Convertible Loans are with 'Friendly Lenders' who have rolled over their Loans in the past, IBEX, St John's, Dr Staelin, T. Kim, Jarman
Since Dr Staelin rejoined BIEL as COB in 2020 all of his many Loans to BIEL have been Principle & Interest only, No Conversion option
St John's also switched to Principle & Interest Loans in January 2022
Tuesday, November 15, 2022 3:43:17 PM
Post# 302216
BIEL showed 24.705 billion shares outstanding in the Q1 2022 Financials
BIEL showed 24.705 billion shares outstanding in the Q3 2022 Financials.
That is zero dilution in Q2 and again in Q3 2022.
St John's has made $91k in Interest Only Loans to BIEL in 2022.
Dr. Staelin has made $535k in Interest Only Loans to BIEL since he returned to the COB position in 2020.
Erin Sanders made a $25k Interest Only Loan to BIEL in Q3 2022.
IBEX and St John's have saved BIEL $2.5 million by foregoing the interest on their loans over the last several years.
Everyone at BIEL is serious about controlling dilution and bringing BIEL to profitability.
Saturday, November 19, 2022 10:35:50 AM
Post# 302488
The Disclosure Statements also show that Dr Staelin's last conversion was over 3 years ago in September 2019
He has been Rolling Over his convertible loans for another 2 years since he took over the COB position in 2020.
He has made over $500k in new loans since 2020 and they are all Interest Only loans, no conversion option.
Disclosure shows that the last conversion by BIEL's CEO was in March of 2019. She has Rolled Over dozens of convertible loans for another 2 years saving BIEL billions of shares in dilution.
BIEL's CEO has also foregone millions of dollars of interest, which means canceling it not delaying it, to help BIEL reach profitability sooner.
