Replies to post #308024 on Bioelectronics Corp (BIEL)

[ddls]

No wrong, not interest only, interest forgiveness.

NOTE 4 – COVID-19

"As a result of the financial uncertainty presented by COVID-19, and with their commitment to grow BioElectronics into a profitable enterprise, two of the Company's largest stakeholders, IBEX LLC and St. John's LLC, decided to forgo interest on their convertible notes for 2020, and continuing into 2022."

This says nothing about 2023. This is the year 2023 currently.

Declining Sales Cheers!~~

[Hawk05]

Hey Srin!
I definitely think BIEL should give an update. Too much guessing as to the state of the company. Good or bad investors have a right to know.

[art2426]

Rolling those notes over is not making them go away. They will have to be paid back eventually and many of them (family) will convert to 50% discounted priced stock which means double the shares to satisfy those notes. With the authorized shares about maxed out, I think we all know what negative affect of raising that AS to accommodate more common stock, will do to investor sentiment and the stock price. Dilution is NEVER seen as anything but a RED FLAG to investors. So NO, this is not pretty now even with the rolling over of notes, but what is coming in the eventual future, makes this IMO, downright ugly