Replies to post #330075 on Bioelectronics Corp (BIEL)

[GetSeriousOK]

Yes but those non-family 50% deals were not ratcheted, meaning they don't convert at 50% of the share price at MATURITY -- they convert at 50% of the share price at time of ISSUE.

Which means those convertible loans that aren't to family members are now underwater.

I suppose those non-family members can threaten to call in the loans if they aren't adjusted. Also of interest: at least one person you mention is a Whelan in-law, I believe (imklo said so, anyway).

[art2426]

>>>BIEL offered the same Convertible loan Terms, 50% discounted stock price, to anyone with $10k or more to invest, not just family members.<<<

The family was confronted by a few stockholders that found about that deal and wanted and GOT the same 50% deal for loaning money. The Family (at that time AW) had no choice but to give it. SHOW ME where all the stockholders were offered that 50% deal. The stockholders who went to AW and GOT that deal, when they were found out, told the 'other' stockholders that called them out on it here on this message board, that they could get the same deal if they wanted it. Not the CEO saying such. A couple of them said so much on THIS board when 'found out'. But that is beside the point and water under the bridge. The point is - THAT deal is NOT very favorable for other investors ------ ya think? And just another reason (of which there are many more) why this is trading at ROCK BOTTOM!

Go back and research since you are so good at such! LOL!

[art2426]

>>>if you actually read and understood the Financials you would know this.<<<


LMAO, you're kidding, RIGHT? Read and understand the financials? LOL, GO back to my OLD posts of when I stated that there were others that got that deal and when I ALWAYS said and say, that the family and a SELECT FEW got THAT 50% discounted priced stock deal. YES, a SELECT FEW that confronted the CEO!