Bioelectronics Corp (BIEL)

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And by the way

<<<<<<< saying "they didn't dilute" is kind of meaningless >>>>>>>

Nope, last dilution was January 2022 by St John's. In February 2022 St Johns started using the proceeds from that dilution to fund BIEL with new, Non-Convertible Loans. Every other Convertible Loan that matured in 2022 was Rolled Over. Both Whelan family and non-family lenders want to see BIEL succeed.

Any of those Lenders who had 2022 maturing loans could have demanded repayment in cash or shares and BIEL would have needed to repay them or face a lawsuit.