Not "poor BIEL". BIEL is in the toilet for many reasons associated with the former administration and the share structure nightmare schemed by the former CEO. Pleas for the current CEO to change IBEX convertible notes to conventional debt have been to no avail, so far.
Doing so will lighten 10's of billions of potential shares, on conversion from the share structure, IBEX gets paid its' alleged, possibly contrived loan and the share structure is less burdensome, helping all shareholders when deals are announced.
Share price will run longer and higher, with greater sustainability, with billions less shares. Only LD's on Wall Street wouldn't see the logic.
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