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art2426

10/16/20 1:07 PM

#237952 RE: srinsocal #237939

If the authorized shares have been maxed out, that must mean that most all notes have matured and loaners received their shares in return for their notes. Authorized shares (25B I think it was) was thought of, as there for paying off the note holders. I hope that is the case that this was done for just that reason and now we can get this stock traded honestly and on with the progress of the company and its business. Let THAT and deals signed, be the driving force of our investments and stock price.

AGAIN, great find sr!!
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4toSchool

10/16/20 1:33 PM

#237965 RE: srinsocal #237939

Reread my post. I said, "If those 45 billion shares hit the market". With "if" being the keyword. I hope that the 45 billion are never printed, and I'd like those shares taken off the table through debt reduction versus note conversion to shares.

AW never broadcast when he was raising the AS. In fact, he did it a number of times when there were not even the required 3 board members in existence. Are those shares even valid? Many notes were signed when there were only 2 board members, not the required 3 board members. Are those notes even valid? If not, let's negotiate them down to a reasonable economic level, but hey, the insiders that created this mess are one and the same as those that stand to benefit from the very mess that they are responsible for creating. Doesn't that sound convoluted? insider dealings that have harmed real investors in BIEL. It can be unwound, and it should be unwound.