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I guess shareholders are very comfortable that the CEO, with a previous history of SEC fines and sanctions, remains so oblivious (willfully?) of SEC regulations....not to mention her intimation that there are those shorting BIEL, which FINRA shows is not the case.
Not only a previous SEC violator, but essentially the main money lender, who has (by her own admittance) has made millions from loaning BIEL money!
Outrage regarding private placements by shareholders, but none for the SEC violating CEO....interesting.
Agreed - its an egregious action, and pure foolishness. I am sure the SEC will be interested, particularly considering KW has a history with that organization.
Jaw dropping really - did she truly learn nothing from the previous SEC ordeal?????
Spot on - and articulately stated.
Absolutely correct - which Kelly herself admitted in her testimony to the SEC.
Agree - hope she let's Keith do what he needs to do. It won't take long to figure out where this is going.....
Keith has updated his LinkedIn profile; he now lists himself as VP of Sales and Marketing at BIEL, effective 11/2019. Positive sign.
Not thrilled regarding KW's taking CEO slot, though hardly a surprise. She gets a pass pending results.
Quite sure you are correct on Q3 sales - someone quoted Keith earlier referring to 'regulatory roadblocks affecting sales through Q3'. I expect that is a hint that revenues reported in the upcoming financials will be dismal. Frankly there was no reason to expect anything different.
That said, all that matters is what takes place going forward. I can't imagine that it will take more than six months for shareholders to know how well the new CEO and leadership team are going to do.
Yes, thanks - I had forgotten to mention that as well!
The crux of the difference is that IBEX was nothing more than a front for the family dilution machine, and resulted in many more billions of shares in the marketplace then any other 'toxic' financing arrangements.
Of course, that's exacerbated by the SEC testimony of KW admitting to making 'millions of dollars' during a particular time frame from the IBEX loans, nicely squared on the backs of retail investors....
That's exceptionally sound advice. Does something to address share structure, lessens or removes some toxicity, is good for shareholders, positions the company to move forward in positive directions.
My gut feeling is that it won't happen, but I would like to be wrong about that.
If some of the previous companies interested in BIEL are willing to re-open talks, that's the most positive sign in quite some time. Still need the right CEO to make things happen (and yes, a competent BOD).
This is a real opportunity to salvage BIEL and (re)create a company that could successfully market its products, start to run positive cash flows, turn profitable, and move forward with alacrity.
The flip side is that a couple of wrong moves out of the chute and it's quite possibly game over.
Executing on your ideas would serve to make the company attractive to new investors as well - just another plus. We shall see soon enough.....
Sorry - it's fact. BIEL share price is fractional - right at .0007
FACTS are so much better than mythical numbers and speculation. Love facts, right???
That won't work here - BIEL is already priced in fractions....LOL
But how many shares would each be holding? See? SHARE STRUCTURE MATTERS.
Let's use one share outstanding at a value of 15 million dollars. Now what?
See how ridiculous that argument gets?
At only ten million shares, the trading action and resulting share price with FDA approval would be most enjoyable.
Unfortunately, at nearly 60 billions shares, toxic note holders/financiers, and numerous flippers, what will happen after a small positive spike is a precipitous price decline, as has historically been witnessed with BIEL.
Thanks - illustrated my point quite effectively.
Yes - rehashed BS again. Thanks. It is not ALL that matters, as anyone who has ever traded a single share of any equity could tell you.
I again refer you to previous trading activity with BIEL, and constant pummeling and profit taking post precipitous gains, among other important references.
Not surprising, as there seems to be a dedicated contingent willing to continue to buy shares through endless dilution, massively poor management decisions and actions, and complete failures to execute, such as allowing the CE mark to expire and thereby shutting off huge potential and ongoing markets. Brilliant....not
Meanwhile, IBEX/Kelly Whelan is still there, ready to pummel the market with more discounted shares, while it's clear there was no succession plan for the CEO role and everyone waits to see who will assume the reigns.
The market gets it - hence the drop in share price.....