Replies to post #295319 on Bioelectronics Corp (BIEL)

[JustGoDeep]

Bingo!! Beat Me To It.

[JNdouble1]

Yes, but neither definition implies extinguishment of the debt.

The question remains, is the debt (including interest payments foreborne) stilled owed, and will it be paid once the period of forbearance ends. And if so, (which I believe is likely) is interest continuing to accrue (including on the foreborne payments)?

It is quite true that foregoing interest payments helps the finances, and improves the appearance of the quarterly reports. What is less clear is that this is being done out of some altruistic impulses on behalf of the shareholder.

[JNdouble1]

The act of extending the foregoing makes it clear that at the end of the first deadline, payment was once again due.

This is my point, they have only postponed the payments they are owed. This is nice enough of them to do, but it doesn't make them saints. Just trying to separate facts from hyperbole.