Playing with Words
Definition of "Free Trading Shares" - Shares of stock that the holder could trade on an exchange without restrictions
Per OTC Markets BIEL has:
24.7 billion Outstanding Shares
572 million Restricted Shares
24.1 billion Unrestricted Shares
So the statement "1,150,000,000 free trading shares have and will become effective between now and June" is Bullshit no matter which way you apply it.
BIEL currently has 24.1 billion "Free Trading Shares", Shares of stock that the holders could trade on an exchange without restrictions. BIEL can only Issue another 300 million shares before it hits the Authorized Share ceiling.
If the statement was meant to mean 1.15 billion new shares would be entering the Market by the end of Q2 that would require an AS increase which would require regulatory notices and approvals.
The original response showed that all Maturing Convertible Loans are accounted for, except for two $12,000 Loans, as being Rolled Over for 2 more years so BIEL has no reason to increase the AS to pay off Loans.
Post 291074
Time for a New Calculator, That's Not That
<<<<<<<<1,150,000,000 free trading shares have and will become effective between now and June >>>>>>>>>
The only Loan that was converted in Q1 2022 was on 1/25/2022, 326 million shares to P. Whelan which is St John's.
And what did St Johns do in February of 2022? They made 2 new Loans to BIEL, $16k on 2/4/2022 and $40k on 2/9/2022.
St John's had a $42k Loan that Matured on 3/30/2022. They Did Not Convert it. St John's Rolled this Loan Over with a new Maturity date of 3/31/2024.
Dr Staelin had a $841k Loan that matured on 4/1/22. He Did Not Convert it. Dr Staelin Rolled this Loan Over with a new Maturity date of 3/31/2024.
Dr Staelin had a $69k Loan that Matured on 2/6/2022. He Did Not Convert it. Dr Starelin Rolled this Loan Over with a new Maturity date of 3/31/20244.
Dr Staelin had a $136k Loan that Matured on 1/13/2022. He Did Not Convert it. Dr Staelin Rolled This Loan Over with a new Maturity date of 1/13/2024.
Dr Staelin also made a new Interest Only Loan to BIEL in Q1 for $50k.
T. Kim had a $61k Loan that Matured on 3/6/2022. He Did Not Convert it. T. Kim Rolled this Loan Over with a new Maturity date of 3/15/2024.
Jarman had a $72k Loan that Matured on 2/24/2022. They Did Not Convert it. Jarman Rolled this Loan Over with a new Maturity date of 2/24/24.
The only Loans that I could find that might still be converted in Q2 were 2 $12k Loans made by Jarman. They could Convert or Roll them Over as they did with the $72k Loan.
Either way it would be nowhere near a billion shares.
The Whelans, Dr Staelin, Jarman, T.Kim and several other Lenders are committed to BIEL's success. This is what some just don't understand when they predict BIEL's failure.
It is important to stay vigilant for disinformation.
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