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Every company that has crossed swords with the SEC or other regulators and law enforcement agencies lands on a watch list.
The way they redeem themselves is with keeping their noses clean and being good corporate citizens. Never been this blatant about it but, the opening of the SEC door leads me to connect fixing the BoD AND the outrageous share structure fast and getting rid of the monkey on the back!
That will accomplish 3 things:
1. Create a more balanced BoD;
2. Allow ALL shareholders to do better with a longer, stronger run, with sustainability; and
3. Show regulators (watch list) that the current CEO has undone the sins of the former CEO and shown good corporate governance toward all shareholders.
There - only an idiot would not see the wisdom.....
Every company that has crossed swords with the SEC or other regulators and law enforcement agencies lands on a watch list.
The way they redeem themselves is with keeping their noses clean and being clogged corporate citizens. Never been this blatant about it, but the opening of the SEC door leads me to connect fixing the BoD AND the outrageous share structure fast and getting rid of the monkey on the back!
That will accomplish 3 things:
1. Create a more balanced BoD;
2. Allow ALL shareholders to do better with a longer, stronger run, with sustainability; and
3. Show regulators that the current CEO has undone the sins of the former CEO and shown good governance toward all shareholders.
There, only an idiot would not see the wisdom.....
CEO apprentices do not self-ordain themselves as CEO's of publicly traded companies, where they can learn to be successful, while on the job.
Even a poor CEO would long ago have recognized the urgent need to fix the BoD and the share structure. A selfish and entitled CEO, with zero training, would have recognized that by disgorging and canceling a lot of the Whelan shares will enable the sp to soar on deal announcements, rather than languishing by leaving the insane share structure intact. Biggest red flag ever and nothing is done. Proof positive of ineptness. Who does that to themselves?
You're right - a HealFast deal would take BIEL to at least a penny just on its own.
The Pet & Vet space is a huge BIEl opportunity! 68% of US households own some species of pet with 90 million dogs and 94 million cats. The Vet space handles equine with 9.2 million horses and 4.6 million people involved in the horse business. Many of them would be repeat purchasers of HealFast for the pets and horses.
What does it take? 15 to life?
I would've thought, "throw them in the garbage, give them up, retire them,", only some, not all of the SEC described 'ill-gotten gains shares, perpetrated by the former CEO, would be a good thing.
For three of the best reasons imaginable:
1. Makes the BIEL share structure appear less absurd with less shares, to potential investors;
2. SP much more likely to run higher out of the trips toilet, than otherwise, when deals are announced, thereby making the Whelans more wealthy, even with less shares; and
3. The redemption values are obvious - removing the stench of the toxic reputation of the former CEO, the SEC debacle, a perfect thing to do to clean up a legacy! Quickly!
Incredible nonsense!
Gosh....sorry...I thought the timing could not have been better than now, with the COVID19 pandemic, for ActiPatch to provide relief to those suffering from long-term chronic or short-term acute pain.
ActiPatch is a revolutionary miracle pain device and the world deserves every miracle it can get, without delay, in order to cope the best way possible!
BIEL just needs to fix the BoD and stupid share structure. Self-appointed CEO KK Whelan will be judged, until forgotten, on how she handles these two huge red flags.
Thank you - very informative.
This illustrates the common sense behind the Whelans simply disgorging
shares the SEC called ill-gotten gains through IBEX and St. Johns over the years.
The only question to ask is this. Upon announcement of several deals, will the stock run higher if the Whelans disgorge shares or not? A company with 65.6BILLION shares or a company with 29.5BILLION shares? Like adding helium to the price and flying or struggling in the double 00's! BTW, 29.5 Billion is still absurd, because 65.6 Billion by the former CEO was insane! It was an ATM! What happens now will complete the story!
AFTER CONVERSION OF NOTES & DISGORGING OF SHARES
Kelly 21,930,879,606 33% Less 3.5 BILLION
Patricia + 21,142,944,394 32% Less 3.5 BILLION
John Martinez 32,500,000 0% SAME
Keith Nalepka 100,000,000 0% SAME
Public Float 22,397,685,703 34% SAME
TOTAL DILUTED 65,604,009,703 100% 29.53108 B
I'm betting there are at least two deals.
Mundipharma not part of it.
No longer care about the CE Mark - that is former CEO's legacy of dementia and 12 years of stupidity.
Only care about 2 red flags - BoD and reducing Whelan family share count, to allow them and all shareholders to become more wealthy on a run.
Or will they say the old defiant Whelan 'No!' to reducing their holdings and actually screw themselves out of millions? Let's see how stupid they really are.....
Another far more effective strategy has been carefully planned and refined.
Very, very close....
Is it inappropriate for the former CEO to have given a family member, also a member of BIEL management, an opportunity to convert notes thereby acquiring shares at 50% of the trading price at the time of conversion, while other lenders not insiders, receive notes whereby they acquire shares on conversion at 50% of the trading price at the time the loan was made? Obviously illegal, particularly given that the insider can cause long-term downward pressure on the trading price by selling hundreds of millions of shares into the market. The longer the price remains low, the less it looks manipulated. Is that not a situation of ill-gotten shares? I don't know, I'm just asking.
Always confused me how anyone can KNOW FOR CERTAIN, what will be in the future, based on what was, but in a changed vacuum of silence.
I'm leery of an environment that was noisy in the past, like BIEL, with bragging, fluff, empty promises, hype, pomposity by a former CEO, then switching to semi-silence, with a meaningless 180 day success window based on nothing, and now total silence. Silence means something. So, the one thing I know for certain is I don't know. But I do like total silence as a business style to protect a business position.
Back to the drawing board of common sense. 10 questions.
1. Is Keith Nalepka accomplished at pharma sales?
2. Is ActiPatch USPTO patented?
3. Is ActiPatch FDA cleared 5 ways to Sunday?
4. Does it work?
5. In >71% of users?
6. Are acute and chronic pain epidemic in the U.S.?
7. Is it to the financial advantage of all shareholders to do a deal?
8. Do the Whelans as shareholders benefit most?
9. Does the BoD need fixing?
10.Does the share structure need fixing?
10 questions, 10 yesses. No discussion, no argument. Fix the BoD and the share structure.
My senses are pinging more strongly than ever that something big is up. While the silence may drive some crazy, it only strengthens my belief!
Unlike your reference to the past, now there is no talk, no twitters (which I love), no hype, no pump, no empty rhetoric. All that silence speaks volumes!
So, I am going to revert to the old dependable, patience. If it take 3 months, so be it. What I know for sure is that with multi-party deals, silence and loyalty are both sacrosanct. If BIEL is concerned about the 180 day claim, which was amateur to begin with, swallow the concerns, respect the deal, wise shareholders will understand the silence. The rest don't matter, it is the shareholders that matter, only the shareholders.
My senses still twitching Keith Nalepka and BIEL team will still deliver, despite current CEO not fixing BoD, name toxicity and ill-gotten gains stupid share structure.
"KW is just like AW, so therefore we will get the same results! He didn't care about shareholders, and she doesn't either!"
Nah, I absolutely do not think current (self-appointed)CEO KK Whelan is her father, the former CEO, in many ways. He bungled 10 years of forward progress and success, while Drs. Staelin, Koneru and Rawe brilliantly procured all the FDA clearances, despite Whelan alienating staff at FDA.
Current CEO simply can't r won't implement changes to the BoD, corporate toxicity and ill-gotten gains share structure necessary to engineer a turnaround. Is it ineptitude? Is it Whelan NPD and defiance? Or is it Whelan lack of social graces, disdain for people and bad manners?
Time will certainly tell. Meanwhile, a toilet trained company with a magical pain device sits in the toilet it was managed into.
Correct!
The 180 days to success declaration should never have been!
The Twittering should never have been! Only show business CEOs Twitter or CEOs who do so very strategically, but never to blast away from the Day Care.
Treat shareholders better than customers, with respect and humility, shareholders are the ones who start the company and open the doors!
Fix the BoD, can the Whelans even legally assume to run this company? Remove the obvious name toxicity, the reign of the former CEO was obviously a travesty. Fix the stupid, self-dealing and ill-gotten gains (according to the SEC) share structure and create a real company for the amazing BIEL team that can achieve the success ActiPatch and the shareholders deserve - called a turnaround. aka cleaning up a mess! And btw, you're 180 days late in starting!
Not disappointed there is no major announcement. Wisdom said 8 weeks ago there shouldn't be, as the world was turned upside down by deception, where it remains!
My concern was the defiant declaration mid-March that everything to do with the 180 day KK Whelan success timeline was on schedule, no matter what.
That lacked the same wisdom necessary to fix the BoD, get rid of the toxicity, disgorge enough IBEX/Whelan shares or tear up enough IBEX notes and allowing a great BIEL team to work toward making the company legitimate and successful.
ActiPatch - a patented, miracle pain device opportunity.....tick tock
There are no NDAs....Keith Nalepka is an accomplished pharma sales exec, he never worked with NDAs, didn't have to. That was pulled out of the same hat as the deferred sales of half a million (aka expired oooops CE Mark) and success in 180 days.
Just think what could have been accomplished, had it not been for over two years of bungling since receiving the FDA foot and knee clearances. Hint. Success is not achieved in 180 days because someone pulls a wishful number out to but time; success by a CEO is achieved by a CEO after having watched another CEO do it, before.
"We are at day 135... we can't count weekends 44 days and 3 weeks quarantine 21 days. So 180-21-44=135"
Too funny for words or tweets. Best lesson ever from Abe Lincoln on why politicians and CEO's should remain silent and 'appear' foolish, rather than open their mouths and remove all doubt.
I can hear it now, "No, wait, have to take out 60 days for initial CEO Training Days, plus 30 days for Twitter training, 2 weeks for NDA document orientation, plus a credit for salary deferred, we're at day 3! You shareholders probably want to call me right? Well, here's what I'll say - best two outa 3?"
Now you have lots of time to fix the BoD, you and mumsy skedaddle home, and the outrageous self-dealing share structure, while minority shareholders figure out their options. As the old Chinese curse says, 'May you live in interesting times.'....at home.
That sounds believable hahaha
"I Was Offered A Potential Seat On The Board of Directors
If I Talked Andy Into Retiring!!"
By whom?
Wow, interesting twists
Great DD 4toSchool.
I call BS on KK Whelan - "stock ownership of the "descendants" and "extended/entire" family of BIEL's Founder that she was elected" sounds like a crock!
Where are the minutes of such meetings and records of such elections? Is all this illegal, fraudulent and if so, how much so? What agreements have been entered into that have no merit? Was there a legal right to compensation or to defer compensation? Should Keith Nalepka be appointed acting CEO? Dr. Koneru? WTH is going on here? Is your FD on BIEL accurate?
Does this mean KK Whelan 'assumed' the positions of Director, CEO, President and CFO without legal authorization to do so? And that Chairperson Patricia Whelan did the same? If so, what are the ramifications of those and what are the remedies available to shareholders?
Any reason why it wouldn't be .0002 or less?
Well done! Great solution to the criminally absurd share structure and one I've been suggesting for a while. And fix the laughable BoD while they're at it.
KK Whelan, BIEL self-appointed CEO had no excuses 6 months ago for the share structure and BoD, but should be ashamed she has not fixed both. She could be a highly respected CEO if she did and will be reviled by all if she does not. Interesting thing is that doing so is in her best interest and would be smart!
Someone taking a salary despite info?
Something sure isn't right....too many goofy ratios and numbers way out of whack, both signs of very creative accounting. Figures can lie and liars can figure.
All while under an SEC multi-count conviction and Bar from any involvement in any activity involving shares in penny stocks..... ooops, does that include involving the US mainland and Puerto Rico broker she off-loaded the notes/shares to for half the action?
Not that any of us can look in the rear view mirror once in a while.....
ActiPatch- miracle, drug-free, side-effect free pain device.... Management? Not so much. Saddled with the red flags of the stink of the sp toilet, north of 40 billion shares, including St. Johns, desperate BoD, criminal share structure and Keith Nalepka and Erin tring to knock it out of the park making deals. Justice is coming.
Regarding BioElectronics
Could sanity revail please? No individual is of much importance, despite the hype and self-promotion by the company. The only two entities involving BIEL that are important are the magical ActPatch pain device and all shareholders as a group. It has been said that KK Whelan took out a loan. Her father used a loan/convertible note revolver idea that 2 slick guys from NYC used with BIEL shares and turned it into tens of billions of shares using IBEX.
A few recent thoughts:
...can anyone in their right mind actually defend "bad", poor, inadequate or even mediocre management? I only want successful, imaginative, nimble, visionary and honest management. Fix the BoD and the outrageous share structure KK.
.......the way is open for KK Whelan to prove or disprove that by simply making one or two necessary moves, or not. Doing nothing is a poor and very revealing option at this juncture.
...If I were KK Whelan, I would be going to extraordinary lengths to lead and manage this company well and make sure my minority shareholders were very happy! Beyond what I would normally do every day to accomplish that! Shareholders are like customers, they pay the freight. Never, ever alienate either!
...Fix the BoD, fix the moronic share structure, shift mumsy, red flags are killer flags!
...What I want may or may not matter, but there are 4 things. I want:
1. That nothing negatively affect the upcoming success and potential of BIEL. No inaccurate information, badmouthing or misrepresentation of the truth and facts;
2. Fix the Board of Directors, increase its size, have the Chairwoman retire to be home recovering from a very turbulent 12 months and appoint new Directors who will provide experienced and prudent governance;
3. Fix the absurd share structure; and
4. Look after BIEL employees and shareholders respectfully.
Imagine waiting until the last minute!
One could infer that perhaps nothing has fully materialized and KK Whelan is at the inventing stage?
Damn sure straight-shooting Keith Nalepka would have announced any deal within 48 hours.
Good point....can anyone in their right mind actually defend "bad", poor, inadequate or even mediocre management? I only want successful, imaginative, nimble, visionary and honest management. Fix the BoD and the outrageous share structure KK.
Quote
"2/3 - FDA approval news: .0012 close
2/19 - S&P peak: .0009 close
.0009 / .0012 = 25 % decline"
Math and dates look accurate.
And that had taken place pre-41 days ago, a long way into the 180 day success timing proclamation.
When management apparently has no interest in changing and making things better for the company, themselves, as shareholders and all other shareholders, then, sooner or later, I lose interest in suggesting they do.
Am I the only one who is still positive on ActiPatch and this company, amid a sea of negativity? My needs and asks are very simple!
What I want may or may not matter, but there are 4 things.
Here's what I want:
1. That nothing negatively affect the upcoming success and potential of BIEL. No inaccurate information, badmouthing or misrepresentation of the truth and facts;
2. Fix the Board of Directors, increase its size, have the Chairwoman retire to be home recovering from a very turbulent 12 months and appoint new Directors who will provide experienced and prudent governance;
3. Fix the absurd share structure; and
4. Look after BIEL employees and shareholders respectfully.
So simple, do the necessary things to position the company for a great run, on an announcement of a deal, and watch it fly to a nickel. Don't do them all and watch it grind to .008 after announcing a deal. Do nothing and watch it continue to stink up the joint from the toilet!
Pssst - pay a Pro to do any announcing - they know how to maximize upside and where to place numerous releases, with the right media people! Please, no more DIY in-house nonsense. Get on it CEO KK, there is little else happening.
You can always hit a few foul balls to drive the fans crazy. CEO KK Whelan may have inherited a few idiosyncrasies via her DNA, but, if she is vulnerable and liable vis a vis the SEC, that's on her or not at all, presuming innocence. Let the SEC deal with it, if need be.
In addition, never forget for a moment, that the former CEO was seriously ill for a few years, like borrowed time ill, unable to function well on many levels. I'm not excusing anything, but my assessment is that KK Whelan is not ill and is focused on creating wealth for shareholders. If she becomes stinking rich, we all become wealthier.
Soon? :)
Am I the only one who is still positive on ActiPatch and this company, amid a sea of negativity? My needs and asks are very simple!
What I want may or may not matter, but there are 4 things.
Here's what I want:
1. That nothing negatively affect the upcoming success and potential of BIEL. No inaccurate information, badmouthing or misrepresentation of the truth and facts;
2. Fix the Board of Directors, increase its size, have the Chairwoman retire to be home recovering from a very turbulent 12 months and appoint new Directors who will provide experienced and prudent governance;
3. Fix the absurd share structure; and
4. Look after BIEL employees and shareholders respectfully.
So simple, do the necessary things to position the company for a great run, on an announcement of a deal, and watch it fly to a nickel. Don't do them all and watch it grind to .008 after announcing a deal. Do nothing and watch it continue to stink up the joint from the toilet!
Pssst - pay a Pro to do any announcing - they know how to maximize upside and where to place numerous releases, with the right media people! Please, no more DIY in-house nonsense. Get on it CEO KK, there is little else happening.
What I want may or may not matter, but there are 4 things. I want:
1. That nothing negatively affect the upcoming success and potential of BIEL. No inaccurate information, badmouthing or misrepresentation of the truth and facts;
2. Fix the Board of Directors, increase its size, have the Chairwoman retire to be home recovering from a very turbulent 12 months and appoint new Directors who will provide experienced and prudent governance;
3. Fix the absurd share structure; and
4. Look after BIEL employees and shareholders respectfully.
In the real world, all it takes is a few really unhappy minority shareholders, who believe they have had their pockets picked, to make a couple of phone calls. The recipient of those calls then reflects, hmmm we better do something about this situation before it sprays us.
If I were KK Whelan, I would be going to extraordinary lengths to lead and manage this company well and make sure my minority shareholders were very happy! Beyond what I would normally do every day to accomplish that! Shareholders are like customers, they pay the freight. Never, ever alienate either!
Fix the BoD, fix the moronic share structure, shift mumsy, red flags are killer flags!
It may look that way, but the way is open for KK Whelan to prove or disprove that by simply making one or two necessary moves, or not. Doing nothing is a poor and very revealing option at this juncture.