I'm limits to only (1) stinking post on BIEL. Can someone post this as a reply to ARTs reply to my previous post please on BIEL board. (Please delete this 1st paragraph before posting)
Now that the family has several barrels; ($10M) from the share stucture, how can they say they cannot afford a very experienced and seasoned CEO from the medical OTC space. Someone with close relationships with the MOVERS & SHAKERS of the retail market.
My main point here is, if the family (Kelly's company) really really did bank that much money, wouldn't that be the "hedge" they would've needed to get this over the top? This would be a a good way to gauge how much the family believes in this product, because no matter what anyone says, 10M IS A LOT OF MONEY, and the way I look at it, it would be an easy way to take a big chance with a product that I believe deserves a legitimate shot at MAJOR RETAIL SHELVES!
With 10M already within the families reach, wouldn't it be a wise move to motivate a Seasoned CEO with a heavily backloaded bonus structure based on how many units; how many major retail outlets, how many different markets (INCLUDING THE TEAM SPORTS MARKET), not just semi-pro & pro teams, mainly because the youth team sports market has a way of reaching everybody much quicker. As the kids grow up and begin using this on other types of injuries, their parents, training staff, coaches and faculty will also become more knowledgable. This is why the youth team sports are in my opinion MUCH MORE valuable than just marketing to pro team sports.
GET OFF YOUR WALLET AND HIRE A SEASONED PRO CEO!!!
