Replies to post #238069 on Bioelectronics Corp (BIEL)

[4toSchool]

CORRECTION: The information labeled as "false" is in fact TRUE.

-- KW holds $6,193,070 of ill-gotten notes able to demand 21,971,376,573 shares

-- Related Parties holds $5,212,27 in notes able to demand 21,629,634,578 shares

SOURCE:

BioElectronics Corporation
UNAUDITED FINANCIAL STATEMENTS
FOR THE SIX MONTHS ENDED JUNE 30, 2020 AND 2019, found at this link.

NOTE 10 – RELATED PARTY NOTES PAYABLE
IBEX Promissory Convertible Notes Payable

"The conversion of these IBEX notes has increased to 21,971,376,573 at June 30, 2020. The balance owed to IBEX amounted to $6,193,070 as of June 30, 2020."

NOTE 10 – RELATED PARTY NOTES PAYABLE (Continued)
Other Related Party Loans

shares to be issued on the conversion of these other related party loans has increased to 21,629,634,578 at June 30, 2020. The balance of notes payable to other related parties amounted to $5,212,27 as of June 30, 2020."

Here's the text of my original AND ACCURATE post.

4toSchool
Friday, 10/16/20 11:32:44 PM
Re: art2426 post# 237952
Post #238058 of 238102

I wish all the notes were retired, but they're not. kw herself holds over $6 million of ill-gotten convertible promissory notes. Other insiders (PW, Dr. Staelin, and Keith) hold about the same as kw.

Read the most recent financial statements which clearly show the OS nearing the 25 billion AS. It is the noteholders option to convert to satisfy their note(s). The board would be forced to vote to increase the AS to honor the conversion rights granted in the convertible note agreement. If some notes were invalidate because there was only two board members at the time of the execution of the agreements, so be it.

JustGoDeep
Saturday, 10/17/20 08:37:48 AM
Re: srinsocal post# 238061
Post #238069 of 238107

Thanks, These Facts Keep Getting In The Way

Of That False Information.

This Is WHAT Sustained Biel To This Point.

The Alternative Would Have Been Bankruptcy.!!

There Will Be Plenty For All At The Table!!

Gobble Gobble!!

The bankruptcy alternative you propose would have only happened with inadequate management. A reasonably competent CEO would have commercialized the ActiPatch products years earlier, negating the need for the MASSIVE dilution of shareholder value.