Bioelectronics Corp (BIEL)

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Please Show Me Where BIEL Used Cash to Pay Back a Convertible Loan

<<<<< rollovers are not because the family is suddenly stockholder friendly, it's because there is no money to payback their loans >>>>>

It Has Not Happened. Shares in BIEL are used to pay back the Convertible Loans.
Rolling Over the Convertible Loans helps Stockholders by not diluting their BIEL Shares.

<<<<<< same reason for foregoing the interest >>>>>>

The Interest on Convertible Loans has never been paid back in Cash. It has been added to the Loan and paid back upon Conversion. Geeezzzz!

BIEL could have raised the AS and continued to pay back the Convertible Loans in Stock, diluting existing shareholders, they did not. That sounds "Shareholder Friendly" to me.

As far as Kicking the Loans Down the Road for another 2 years. It takes 20 times more shares to pay off a Convertible Loan at a .0005 SP than at a .01 SP.