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Nothing to do with drama, only historical business truths
KKWhelan isn't pissed, she was a 'victim' for many years, as were all BIEL shareholders. I'm just glad she finally has an opportunity to prove herself, as an individual. About damn time!
Bottom line is ActiPatch is a miracle device and she has a great chance to prove it and herself! You cannot destroy historical fact, as many are anxious to do these days.
Nothing to do with drama, only historical business truths
KKWhelan isn't pissed, she was a 'victim' for many years, as were all BIEL shareholders. I'm just glad she finally has an opportunity to prove herself, as an individual. About damn time!
Bottom line is ActiPatch is a miracle device and she has a great chance to prove it and herself! You cannot destroy historical fact, as many are anxious to do these days.
Hahaha, the cool thing is, several of us know it to be totally true. Veracity and proof of it are killers.
Just not true and easy to prove. BIEL discussions with Dr. Scholl's about ActiPatch were so insignificant in $$$ that it was impossible for them to have walked away because Bayer, the parent company, wished to divest itself of the asset. Communications prove these truths.
I disagree wholeheartedly.
I firmly believe the former CEO did not have the skillset required to take ActiPatch through the FDA regulatory phases OR the business skills and experience required to negotiate AND complete deals in either the international Pharma OR Retail spaces OR manage what the BIEL team at BIEL are doing now.
I also believe more now that the current CEO may be more savvy than I and others may have given her credit for. Only fools don't change their minds. How many times did I say those words, with respect to BIEL....
Why do I say these things? Knowing things are rarely as they seem, three reasons:
(i) I knew, sensed, first-hand, the former CEO began to deteriorate from around 2012 on. I had seen it elsewhere, up close in other corporations, and began to become curious. Won't say more on that;
(ii) Then came a gradual deterioration in physical health, with the two negatives starting to operate in synch. The moment of lucidity OR resignation... in hiring Proctor Goodwin to deliver the 2 FDA clearances was a temporary blessing, only; and
(iii) Followed by the resignation of 2 of 3 Directors, the incredible expiration of the CE Mark, the exacerbation of the "I'll do it on my own!", the 3X "NO!" to Dr. Scholl's, CVS and KT Tape and the unfortunate end.
Like it or not, there's a pattern, a flow to it all, and here we are. Well, where are we?
Eight months later, BIEL is still alive. Keith Nalepka, with all his experience in the pain and opioid space, is a Director and obviously working the pain street. Dr. Richard Staelin is back on the BoD as Chair and there has been a noticeable move to professional discretion, all positive changes.
The current CEO made all those moves and is far less verbose, if not invisible in public media, all positive! The moves are professional and akin to how winning teams perform. Credit given where credit is due.
All we need now are results. Just increase the BoD and fix the stupid share structure by converting the existing IBEX debt to conventional interest-bearing loans, before deals are announced, and we may have a good shot at seeing a real winner and BIEL hop out of its' 10 year sp toilet!
When? Something's gotta give, I say .......
Since many did not cut her much, if any at all, slack, with respect to how the pressures of the company and family grief were borne and handled, perhaps a dignified apology for any negativity caused by her lashing out at naysayers, as causing the death, would be a good thing.
Grief is powerful and handled by every one of us differently. In my opinion, such reactions should be totally ignored.
I speculate again, because of the silence and my instincts, that something is in the works. And, because of the massive competition in the pain space, the company should say absolutely nothing, to protect its' business position, until it deems it appropriate.
Fines have not been paid. And probably interest is accruing. I assume SEC fines and every dollar in legal fees and disbursements will be paid by those determined guilty.
Otherwise, they will be tied up for the next 10 years in litigation. No way shareholders will tolerate the company, them, paying for fines and legals and interest. The shareholders did nothing wrong! Common sense.
Me too, as long as the BoD is expanded, the share structure is fixed by converting the IBEX convertible loans to conventional interest-bearing debt to lighten the outrageous billions of shares foisted on shareholders by the former CEO and deals are announced, in that logical order.
When someone these days makes a request for silence, as alluded to, that is not unreasonable, and adds "please", that could be considered a slight shift.
If that request is more than just kicking around and sharing philosophical styles of how much corporate managements should share in their public communication, that might be construed as another slight shift.
Since we live in a world sometimes filled with subtle nuances, I would also head out for a relaxing day too.
Might be a good day to hit a few balls, wearing an ActiPatch, and ponder that BIEL has the only patented, miniaturized, drug-free, side-effect free, FDA cleared medical device, not gizmo, not device, 'Medical Device', on the planet that is efficacious in over 71% of users for acute and chronic pain, edema and the stimulation of healing at the molecular level.
Nothing else matters, except putting all the pieces together. Have a great day!
I was both careful and respectful to mention IBEX only, since other much smaller convertible Promissory Note holders did invest real dollars and took huge risks to help finance BIEL.
Unlike the former CEO, who used his daughter to invest a tiny sum in the first note, then revolved the bonus instruments over and over and over, amassing billions of shares over many years!
Not her fault, he ran things with an iron fist. Some of those noteholders are in a highly precarious position.
Should have said it thataway myself months and months ago - the SP goes way up and stays up. That is the correct tactical order of events.
BoD enlargement, fix the Promissory Note debacle, so negatively affecting the share structure at the moment, by the Whelan family converting theirs to conventional interest bearing debt or cancelling them completely - then announce deals . . . . magical and the current CEO becomes a Saint!
And with the sp running harder, and longer, with greater sustainability, all shareholders benefit even more than by just announcing deals! Just logical.
Anyone looked at BIEL, IBEX and St. Johns and a million other companies?
Thanks!
Of course it can be done! And it's easy to do!, Giving something back, charitable or otherwise, when something has the appearance of impropriety, is the very best thing one can ever do to trigger good feelings, redemption and enhance one's self-esteem and image in the eyes of others. Also a great way to avoid trouble.
Current CEO would be a huge hero by making the move and fixing the share structure in a similar manner by converting the Notes to conventional, interest bearing debt and another follow-up move to expand the BoD following the recent appointment of Dr. Staelin as Chairman. Imagine what happens to the sp with those two easily doable moves and then an announcement of a major deal? BIELsomnia!
"Partner #2, the "global player," is the name i'm trying to figure out"
As I wrote a while ago, a few of us figured out, working together, who it most likely is, over 95% probability. Just takes hard work, knowledge of the pharma and pain spaces, large BIEL information data base, experience and serious due diligence.
Looking back, it’s not difficult to determine who it is, just have to put the time in and do the necessary due diligence, so you're sure of accuracy. However, once it is determined, knowing will change nothing. Good luck.
Pretend there really is an imminent partnership deal.
Why pretend?
How soon before this White Knight OEM SuperSavior sells their first ActiPatch?
Not telling!
* They have to design, from scratch, a new product with the ActiPatch in it.
Who says?
* Then they have to produce that new product.
Really.....
* Then they have to design and build a marketing campaign.
Really.....
* Then they have to distribute the new product.
Really.....
That would take months. Even if they announce something tomorrow, they won't sell their first ActiPatch until 2021. At the earliest.
Wow!!!
Meanwhile, BielCorp has nothing else going on.
Who says?
I wonder if the Shortstop is still telling people "2020 is going to be our year!"
I am!! 2020 is going to be our year!
Noooo, actually true! All my posts are deadly accurate and true. Good luck.
A few of us figured out who it most likely is, over 95% probability. Just takes hard work, knowledge of the pharma and pain spaces, large BIEL data base, experience and serious due diligence. Good luck.
Incorrect
Was only writing of how number of shares is calculated at time of conversion . . . it all takes place simultaneously....note, conversion, shares, interest accrued, share bonus, renewal, new price....new Promissory Note.
No....
If the PPS has dropped and the lender converts to shares, plus the bonus shares, the number of shares issued is based on the established price, which is set at the earlier time the loan was made, not the time it is converted.
Okay.....
Correct, no name has or will be mentioned.
But, it's not so difficult.
So, repeat....just do the due diligence....
Then, there will no longer be curiosity.
Not difficult to determine who it is, just do the necessary due diligence. Once it is determined, knowing will change nothing.
Was that trainer a retired, former 5 level ranked pro?
I suspect that may have been in lieu of compensation for years, as a consultant, instrumental in getting all the FDA clearances.
Don't know for sure, but I heard it's how the former CEO paid a lot of people. The Doctor from England, heard that's how he got paid.
What a haircut - work hard, get paid in BIEL shares. Those will sure fill the tank and fridge! Bygone days, I hope. BoD, share structure, deals and sales!
Telling us IS telling management!!!
Expand BoD again = sp rise; fix share structure by restructuring IBEX debt to conventional, interest bearing = sp rise; complete first major deal and announce = sp rise; sales = sp rise; profits = sp rise.... pick a number at each stage, but do them in order, without missing a step or altering the sequence...
Every time the sp edges up just a little, and the current CEO does NOT respond to the urgings of many by expanding the BoD further and fixing the absurd share structure by converting HER IBEX BIEL conflicted debt to conventional interest-bearing debt, the sp sinks to the bottom of the toilet, yet again.
If she implements just those changes, BIEL will be less share-bloated, more nimble and more likely to run longer and stronger, with greater sp sustainability, when deals are announced. Hero or Pariah?
If she chooses hero, she will be better off long-term. Choose Pariah and BIEL will likely not run as long or hard when deals are announced, shareholders will likely be less well off and her family's wealth will likely not be as substantial.
Nooo, best way is for management to reveal any information whatsoever about Business Development efforts, status of any discussions or the identity of any parties that may have an interest in ActiPatch before it is appropriate.
Never, ever reveal one piece of information, just to satisfy shareholder curiosity. It is the kiss of death in negotiations, it will only alienate other parties and will only lead to more curiosity.
I, as a shareholder, have no right to know anything the company is doing, until management deems it prudent to disclose publicly. That's the law!
I would ask any competent CEO on earth the status of negotions on new deals and the names of the parties involved and I would be laughed at. Stay silent BIEL, just get the job done! Time to lead, follow, or get out of the way. I'm very hopeful the nonsense of former times and management is completely in the past.
What is BIEL left with? Oh, how about, a real and recently strengthened management team and the only miniaturized, SWT, patented, drug-free, side-effect free, FDA OTC cleared medical device, not just device, medical device, on the planet that is proven effectively deal with pain, lessen edema and stimulate healing in at least 71% of users.
All that will drive competitors crazy, but those are the irrefutable facts!
How can there be such certainty that there is nothing happening in the Pet/Vet space?
One thing I know for sure is, I don't know. If there are BD efforts in the Pet/Vet space, and I assume there must be, then great. Huge market!
And, I don't want to know about them at all, until any deal is done and the company decides to announce something. Why? Because it is none of my business unless management deems it appropriate! Business prudence trumps shareholder curiosity every time!
Of course! Only possible criticism is the moves chould have happened months earlier and we have no inkling as to why it took so long. Could be very credible reasons. Anyone disputing the wisdom of recent moves to strengthen BIEL management....well, guess the rest.
Intelligent business decision on her part, hopefully many more to come. Also kindly gave her mother the breathing room she surely needs, during a very trying time.
On to serious consideration of expanding the BoD, now led by Dr. Richard Staelin. And tweaking the IBEX debt structure to help relieve the toxicity of 65 billion potential shares, when all Promissory Notes are converted.
The Whelan family will end up wealthier, if the stock runs higher as a result. Big if? I don't think so. I would rather have shares in a more nimble company with a smaller ss, than BIEL, which is bloated beyond belief after tens of billions of shares have been engineered through to IBEX.
As KK Whelan herself testified, under oath, the Whelans have taken many millions of $$$ out over the years, as a result of IBEX.
She can remain a Pariah, in the eyes of some or a hero to all shareholders, by simply doing the right thing and she will be wealthier. And, between enlarging the BoD and fixing the share structure, BIEL will no longer languish in its' 10 year toilet, the 000's. Then, when a deal is announced, HODL.
Yup "almost 10 years"
Then they hired Goodwin Proctor which helped immensely in obtaining the 2017 clearances.
"Almost 10 years" before the former CEO hired the law firm, after dozens of people begged him to for years.
Then, the 'I'll do it myself" syndrome kicked in, despite more begging to continue using an FDA law firm and a few more years went by until clearance for general musculoskeletal use was issued. I see no part of 'almost 10 years' being unclear.
C'mon....for almost 10 years BIEL was focused on only 4 things:
(i) somehow obtaining FDA clearance for ActiPatch, without having the experience of doing it before and without hiring an FDA law firm to expedite - I'll do it myself!;
(ii) waiting for the phone to ring or the fax to ding - I'm doing it myself!;
(iii) saying no to Dr. Scholl's, KT Tape and CVS - yup, I'll do it myself! Direct quote!; and
(iv) having no other plan - I'm doing it myself!
The whole world is asleep on BIEL, all powerful entities, big and small. Best time for KK Whelan, who has strengthened the team with Dr. Staelin, and Keith Nalepka and the BIELers to get the house in order.
BoD expansion, debt conversion deals with the share structure, and gets things ready. Make a deal with a successful player and catch everyone napping, all on the QT.
A plan that BIEL shareholders have never seen and one that will kick what all the powerful players think is a bottom feeding POS out of the toilet it's been in for 10 years. It's time!
Why narrow the focus? That's why they put blinders on horses.
Take off the blinders! Expand the focus, avoid shortsightedness!
Walking and chewing gum at the same time means greater success and wealth for all shareholders, including the Whelans!
Yes, there are business issues, but I believe it is far better, far more kindly, to proceed forward with as much respect, decency and sensitivity as possible, during a year of grief management, where there are everyday reminders at BIEL of the past. One can get a lot farther sliding on honey than on cinders.
Great question . . .
"How are we supposed to entice investor interest while in the "stupid" land of silence and invisibility?"
By fixing the share structure, increasing the horsepower of the Board of Directors to assist the current CEO and staff, readying the company for the next key phases of its' growth, then completing and announcing deals with large winner enterprises that will generate sales and profits, that's how!
Psssst....they didn't keep lending money, i.e. new money, they just kept revolving notes and picking up billions of bonus shares.... the original amount invested could not be remembered during testimony by a CPA. No one would ever forget that number, no one!
That's why the current CEO has a tremendous opportunity to do the right thing here, remove many red flags, and come out as a magnanimous hero. Who wouldn't grab that opportunity?
Only divulge information, when strategically prudent. Otherwise, say nothing!
Why does all that information 'need' to be so desperately known, other than to satisfy curiosity?
What changes occur if the answers are known? Either things are happening, quietly and professionally now or they are not. I say I trust my senses 100% that there is a lot going on.
Would I 'like' to know? Of course, only an idiot wouldn't. Do I 'need' to know? Not at all, not one iota. Especially if full transparency will reveal anything at all helpful to competitors. Stay silent BIEL. Say nothing. Do your best and ignore the rest.