Replies to post #233425 on Bioelectronics Corp (BIEL)

[4toSchool]

I think #5 is a valid point. Why? Look at the historical impact of a declining stock price and the asset growth of BIEL noteholders. For example, BIEL's CEO / President / Treasurer / CFO ? Executive Board Member made a "one-time, nominal investment..which couldn't be documented..and never put any additional capital at risk. Yet, due to the falling pps has converted that small investment into $6 million in BIEL notes, which are convertible into tens of billions of BIEL shares.

When the pps drops, noteholders just renew their note, with the accumulated interest at half the market pps.

I have foolishly invested real hard-earned dollars into BIEL stock, and I am down over 30% in 3-years. What I should have done was purchased BIEL notes and I would have a positive return on my investment.

[GetSeriousOK]

IBEX renews their notes every year and re-establishes the conversion price.

So the PPS does not have to move up for IBEX to convert successfully.

What they NEED to successfully convert is a reverse split.