Bioelectronics Corp (BIEL)

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Share ownership is a vote of confidence in a company but it does not pay the company's operating expenses, cash loans have been keeping BIEL in business.

<<< The excuse for this lack of share ownership is that they hold huge piles of convertible debt >>>

Dr. Staelin loaned BIEL $534,000 in 2023, those loans were all 'Interest Only', No Conversion Option. He was the only source of loans in 2023. If he had bought stock with that $534k instead of making loans BIEL would no longer be in business.