Replies to post #138933 on Bioelectronics Corp (BIEL)

[uksausage]

yes there is - it is the fully converted and share count

i.e. if all note holders converted their loans then they would have to issue more than 30Bn shares.

however the majority of the notes are held by family, some for more than 4 years, and have on oath provided evidence that they do not intend to convert. Once profitability is established the company will:
a) no longer need any new loans.
b) start to pay back with cash (the interest on these notes is sufficient to please the loaner.)