From another (srin) viewpoint: I underst
Post# of 8399
(Total Views: 532)
Posted On: 05/09/2020 12:56:16 PM
From another (srin) viewpoint:
Quote:
I understand that everyone has their breaking point. Here is what keeps me invested in BIEL:
* KW has over $6 million in convertible debt, the only way she recovers that investment is if BIEL makes deals and generates revenue
* PW has over $3.3 million in convertible debt, 350 million shares of BIEL stock, over $160,000 in recent loans to BIEL with a 2021 maturity date, the only way she recovers those investments is if BIEL makes deals and generates revenue
* KN has 100 million shares of BIEL, shares he accepted in lieu of paychecks for his work at BIEL, at a SP of .0005 that is worth $50k, at .005 $500k
* Those running BIEL realize significant financial gains if BIEL is successful and the SP rises and suffer significant financial losses if BIEL fails
* The BOD has a fiduciary responsibility to the company and shareholders to act in the best interest of the company
* IBEX no longer holds the rights to BIEL's patents as collateral, those rights were given to EXIM Bank in 2018
(3)
(0)