Bioelectronics Corp (BIEL)

[GetSeriousOK]

Yes but those non-family 50% deals were not ratcheted, meaning they don't convert at 50% of the share price at MATURITY -- they convert at 50% of the share price at time of ISSUE.

Which means those convertible loans that aren't to family members are now underwater.

I suppose those non-family members can threaten to call in the loans if they aren't adjusted. Also of interest: at least one person you mention is a Whelan in-law, I believe (imklo said so, anyway).