Bioelectronics Corp (BIEL)

[art2426]

>>>They are holding their debt and Whelan is doing it without charging interest<<<


'They are holding that debt' because there is NO company money to pay it off. Did you see the 'cash on hand' in the last financials they reported? If they call in their loans, they are bankrupting the company, thus theoretically forfeiting their notes.

The same goes for interest due them. Where are they going to get the money for that? And the family CEO foregoing interest? Big deal, they're getting 1/2 price stock for THEIR loans.