Bioelectronics Corp (BIEL)

[srinsocal]

Ya still don't get it

The only way KW, PW and RS get their loans repaid is when BIEL becomes profitable.

The last Conversion to Shares was 1/25/2022 by PW (St John's LLC). And what did PW do on 2/4/2022? She started making new Non-Convertible Loans to BIEL. As of the 2022 Financials she had made 7 of them totaling $106,000.

No other Conversions show up in the 2022 Financials.

Dr. Staelin, Chairman of the Board, also continues to make Loans to BIEL. In 2022 he made 9 Loans to BIEL totaling $448,000, all Non-Convertible Loans.

Doesn't sound like the COB is "screwing" anyone. He is providing vital financing and working toward BIEL's success.