Bioelectronics Corp (BIEL)

[art2426]

>>>What did St John's do a week after that conversion? They started making new Loans to BIEL, 5 that we know of, on an Interest Only basis<<<

How does this paint a positive picture of the future and financial position of this company to present and potential investors? It's pretty sad that this is a money loan that this company needs to survive and cannot, at the maturity date, payback. Again they need EXTRA money besides sales to survive, not an attractive reality for investors. How long can they go with loan money being the majority of capital. At some point their sales must pay the bills and since its inception of 2004, sales have not. Writing up another loan for one that couldn't be paid is a negative in my eyes. And evidently, also in the eyes of the market --- .0005 stock price.

And St, Johns is family, so enough said as IMO they have no choice but to push their loan 'down the road'.