The only insider who converted a loan in 2022 was St John's on January 25th
And what did St John's do with the money from the conversion?
They started making new Interest only loans, non-convertible, to BIEL on February 4 2022, 5 of them through 9/30/22.
Anyone who has a problem with that does not want to see BIEL succeed.
As far as paying Interest, it has always been Rolled Over with the convertible loans, I have never seen it paid out separately. Please provide proof if you have seen an Interest only payment on a convertible loan.