Bioelectronics Corp (BIEL)

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Good Grief, the misinformation abounds

There is zero chance that Dr Staelin, BIEL's COB, and St John's, Patricia Whelan, demand repayment of their loans next month. Ken McLeod, a long time BIEL consultant, will probably to the same. If he should demand to be paid back BIEL would need a new loan or an AS increase if the current remaining AS, 295 million shares, would not cover the conversion.

2022 saw One Loan Conversion. That One Conversion was by St John's so that they would have the cash to make new Non-Convertible Loans to BIEL. They made 5 new Non-Convertible Loans to BIEL in 2022. The first one was one week after the Conversion.

<<<<< In 2022 there was a massive amount of those notes that rolled over >>>>>

"Kicking them down the road" does not make the Loans go away but it does prevent near term dilution which benefits all shareholders. Per the loan agreements BIEL has the option to repay the Convertible Loans in Cash or Shares. So if BIEL is generating profits 2 years down the road or is in a better position to secure conventional loans, cash repayment of the Convertible Loans will be an option

Q3 2022 Financials, page 16
"All accrued interest and principal on the various notes payable are due on or before the end of the month two years from the date of issuance, whether by the payment of cash or by conversion into shares of the Company’s common stock, unless otherwise extended with new terms."