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Just angry nonsense?
Uhhhh, no. That nonsense is not the legal definition of fraud.
Suggest you refer to 18 U.S. Code §?1341:Frauds and swindles and not fantasy. Not at all applicable to hopes and dreams.
Nothing wrong with happy, hopeful dreams....
Same as .00023 at 60 billion shares, which is why my last post is just common sense! Convert the Convertible Notes to conventional interest-bearing debt instruments, stabilize the share structure and fasten seatbelts.
Long post, but true. The convertible Promissory Notes you refer to, which "can be converted to tens of billions of shares" are the notes I have been suggesting, for months, be converted to normal interest-bearing debt instruments. The Whelan family would not be out any money, they actually invested, they would simply be repaid funds the purportedly loaned to the company, always, of course, very much in doubt.
The whole lending scheme, designed by the former CEO, was to have originally been for a few months only, while waiting for FDA Clearance. The idea came from some NYC slicks who loaned BIEL $$ and made a bagful on conversion, when the sp ran a bit.
The FDA Clearance, taking almost a painful decade, not a few months, allowed the former CEO to turn the NYC slick's scheme into a personal ATM art form, over the years, lend, renew, lend, renew, lend. He involved family members, who were very sadly sacrificed, when the SEC came calling. A cluster at best, the truth, somewhat worse and the Whelan family and the "stupid shareholders" lost share value. That was then and, as I say, sad, this is now.
I am waiting for four things:
(i) Increase and strengthen the BoD - appointing Dr. Staelin CoB was brilliant, next?
(ii) Convert existing IBEX Promissory Notes, securing convertible loans, to conventional simple interest bearing notes - it will lighten the share structure and enable BIEL to rise longer and higher, with greater price sustainability when;
(iii) Deals are announced - with the recent, more professional management silence, to protect the company's business position in the highly competitive pain space, I sensed a few months ago we might see 2 or 3 deals. The continued total silence speaks volumes, screaming that work is being done. Silence does not mean bad news;
(iv) Sales, sales, sales.
If these four things are delivered by BIEL management, preferably in that order, and within one year of the current CEO assuming her role, what then? Genius, that's what! And she may just pull it off. I sense no evidence to the contrary. And if they all come to fruition, within 1 year, 1 cent will seem like chump change!
When?
Is there any evidence of this? Of no hope? Sorry, I don't see it. It's just over 9 months since a major management change.
I am waiting for four things:
(i) Increase and strengthen the BoD - appointing Dr. Staelin CoB was brilliant, next?
(ii) Convert existing IBEX Promissory Notes, securing convertible loans, to conventional simple interest bearing notes - it will lighten the share structure and enable BIEL to rise longer and higher, with greater price sustainability when;
(iii) Deals are announced - with the recent, more professional management silence, to protect the company's business position in the highly competitive pain space, I sensed a few months ago we might see 2 or 3 deals. The continued total silence speaks volumes, screaming that work is being done. Silence does not mean bad news;
(iv) Sales, sales, sales.
If these four things are delivered by BIEL management, preferably in that order, and within one year of the current CEO assuming her role, what then? Genius, that's what! And she may just pull it off. I sense no evidence to the contrary. And if they all come to fruition, within 1 year, 1 cent will seem like chump change!
When?
Silence is management wisdom.
Hopefully, the CEO and the new Chairman and BoD also have the wisdom to immediately convert the IBEX loan notes to conventional interest-bearing debt, so the stock runs longer and higher, with greater sp sustainability, when any deals are announced.
When? You know when.....
I am truly going to enjoy this.
Not in a revengeful or angry or even irritated and scornful way, just pure enjoyment. Might even mumble a couple of words, like 'must suck.....'
And then, a long, quiet smile.
When? Yup.....
Keep LYAO. Meanwhile, I'll be laughing, no, quietly chuckling, all the way to the bank, at some point.
Because silence is golden. Called good management!
When? Yup......soon
Can't speculate, but can't argue either. What I do know to be true is that when there was zilch happening, like, for many, many years, BIEL management couldn't put a sock in it. Used to be letters and radio spots and yapping, if the temperature changed or the calendar rolled over or 200 ActiPatches were shipped to a la la retreat in Tibet!
Now? Total silence. Polite and professional and, yes, limited information, updating shareholders in very guarded terms. More cautious and competent management, in my opinion, because the pain and retail spaces are killer competitive.
Good! Silence is smarter, less desperate, not filling the room with inane noise, thinking noise was good! Something that has been suggested for years. I only want to hear about 3 things; forward progress, deals and projected revenues, otherwise, silence is prudence! And it tells me people are working to achieve something real, instead of chasing imaginary butterflies!
Not necessarily a disconnect in logic. Perhaps a combined result of patience, optimism and my sense that something good may be happening, because of the welcome and more professional and prudent silence for the past few months. Just too quiet for something not to be happening.
Suggest buying plugs for the drains! Easily available. I would get maybe 3 or 4, when? Yup.....soon!
Agreed....
Man, I hate myself, when on the very, very, rare occasion, I catch myself being negative, just for the sake of being negative, mean or spiteful. I would never want to be perceived as doing that, with respect to my investment in BIEL, because ActiPatch is such an incredible device. Drug-free, side-effect free, inexpensive, patented, pain management? Disruptive technology! Soon. . . .
Ok. . . . tsunami warning . . . soon!
Or,........"That boy is going to be the death of me."
Colloquialism or colloquial language is the linguistic style used for casual communication. It is the most common functional style of speech, the idiom normally employed in conversation and other informal contexts.
A word or phrase that is not formal or literary, typically one used in ordinary or familiar conversation.
"the colloquialisms of the streets"
The use of ordinary or familiar words or phrases.
"speech allows for colloquialism and slang"
Therefor . . . "What did he get for doing that? Harassed to death."
A colloquialism, nothing more. To read any more into it than that is what it is . . . .
ActiPatch, brilliant device for pain . . . soon!
Ahhhh. As a general rule of life, not directed at anyone, I have always liked. . . .
A wise man once said, "If you wish to embark upon a journey of revenge, first dig 2 graves." Confucius 504BC
So, why care?
There sure is and it will be soon . . . . man o man, thing of beauty . . .
Wow, my sympathies and I really mean it sincerely.
Bullying nonsense, the woman misspoke in a moment of grief.....good grief!
Low blow....
Yup.....really......soon!
Not "if" the right news comes out..
When.....remember this moment
I understand, yes, good luck and thanks. Soon.....
Thank you, consistent is good, maybe. Any similarity is by total coincidence. I felt, in 2009, that BIEL management was colorful enough that the journey might be a long and tedious one. Seems I was right. A little algorithm sends every keystroke I make to diary - 1,530 pages and 740,830 words here means I have enough for a book or for toilet paper.
TYPICAL SIZE AND WORD COUNT FOR NOVELS
A typical mystery novel might be in the 60,000 to 80,000 word range, while a thriller could be well over 100,000 words. About 250 words per page for a novel. Heavy dialogue will mess with that, but for the most part it's going to be 250 a page. If you have 50,000 words, that should be 200 pages.
Agreed.....first one, then the rest will be sooo, well, there's only one word for it....
Sleepin like a baby....man o man!!!
There was absolutely nothing to be done about what was going on, without risking many 100's of $1,000's......and huge amounts of time and effort. Who has all that to waste on fruitless?
Couldn't write what went on. Everyone was helpless. Sad, but true, as things evolved....
Normally, I would invest, or not, stay, go, win, lose, mind my business, move on, whatever, but it's the magic of ActiPatch. Or the unexplainable of human nature? For future discussion......
Trusted my instincts then and now; the extensive and up to the moment DD, the silence are the tells.....stay safe.
Too bad, we shall all see together, but, we shall see......soon.
Nope, you'll see......
BAM!!!
Incorrect. Been watching this thread develop for a week or two. Just incorrect.
Cartwheel injuries
I recently posted the actual wording in Section 2.1 of the document establishing the price on conversion, which is 50% of the closing price the day the loan is made.
There is no dispute and if not acceptable, I couldn't care less. Everyone is entitled and encouraged to do their own DD.
Wrong!
Except that the summary is both incomplete and inaccurate. It does not represent how CE Mark events unfolded.
I will most likely disclose the accurate chronology at a private gathering being contemplated by a couple of GG'S, if I'm invited and attend.
Yes, yes, yes, yes and yes!
As long as the current CEO expands the BoD and converts the IBEX convertible loan Promissory Note debacle to conventional interest-bearing debt so BIEL can jump up out of the sp toilet and have some sp sustainability, when deals are announced.
Just info resulting from my earlier DD. . . .
178788 April 26, 2019
How is the company going to ship product to the EU, including the UK, and mundipharma in the many PacRim countries they are distributors for, including Australia, without a current CE Mark? My research shows there is not a current CE Mark, the previous one expired. I assume they have renewed it and all is well, but I can't find evidence of that. Can anyone help? This is a big concern to me. If you're not certified to import into a country, what good are distributors in that country?
That argument will fall into its' well deserved oblivion on the announcement of a deal.
Still waiting for the current CEO to expand the BoD and convert the IBEX convertible loan Promissory Note debacle to conventional interest-bearing debt so BIEL can leap out of the sp toilet when deals are announced.
Those years and earlier years are completely in the past and of no importance. Waste of time and energy to even think of them. Everyone agrees they were a disaster and the who and why are well known.
On balance, the current CEO had no decision-making authority prior to October 2019, and should only be assessed on events since, say, January 1, 2020, due to family circumstances.
Perhaps a better starting point might be the date the wise election of Dr. Staelin as Chairman of the Board took effect.
No excuses for anyone here, just looking for a plausible start date of reasonable accountability, from which there can be NO excuses, going forward.
Looking forward is productive, backwards is not so much. I always feel historical review is important, obsessing over the past is an unhealthy blame game.
Nah, I know, for a fact, she's heard it all. Three sides to every story....his, hers and the truth. 7 months in, she knows the truth, she'll figure it out.