Wednesday, April 03, 2024 2:31:54 PM
<<<<< 50% discounted priced stock upon their note/loan maturities, when all other stockholders have to pay full price for their shares >>>>>
Your BFF JimmyZ, a BIEL shareholder, got his $135k loan repaid on 7/27/2020 with 629 million, 50% discounted shares. this is documented in BIEL's Financials.
Simpsonly made a post confirming his convertible loan to BIEL and stated anyone who wanted to do the same should give AW a call.
The interest, fees, and terms on any loan are determined by the risk involved. Loaning money to a Pink Sheet company is considered high risk. Pink Sheets need to offer a large reward for taking that risk to attract lenders. Looking at the Financials will show that many of BIEL's lenders are not family members.
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