Pretty easy to understand when it is acknowledged that BIEL had 750 Million Shares Authorized until 6/2009 when they increased it to 1 Billion Shares.
BIEL now has 23 billion shares outstanding. While necessary to finance the company that is a 2200% increase in shares understandably affecting runs.
BIEL has acknowledged the need to address the share structure. They do however realize that Penny Stocks that have Reverse Splits without revenue streams established tend to quickly fall back to the pre RS SP.
Case in point is Endonovo. A 1 for 1,000 Reverse split was inacted in December 2019 when the SP was .0014 . The RS brought the ENDV SP up to 1.40 .
Today ENDV is trading at .40 , loosing 71% of its value in a little over 2 months.
Please, no more BS about KW giving away 28 billion shares. She answered that proposal a couple of months ago with a firm 'not happening'.
What can reduce the IBEX share count is a rise in the SP from the pending Deals and the revenue they will produce. A higher SP means fewer shares are needed when the Debt is converted into Equity. If BIEL receives large Up Front cash payments in any Deals the Debt could be partially repaid with cash rather than all shares.
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