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Just waiting to see who gets the CEO role. The fact that BIEL claims, at least, to be looking again at relationships previously spurned is encouraging. Still a long way to go - time will definitely tell.
Yep - which means absolutely nothing, as they will easily cover in the next 72 hours.
Sorry - just don’t buy it. Company has proven to be incapable of marketing its products.
That MAY change with new leadership.... remains to be seen.
MM's play the float all day long; unfortunately for traders, that action never leads to panic or short squeezes, and does not in general impact the share price to the advantage (or disadvantage) of shareholders.
If I recall correctly, the FINRA report doesn't run daily, it runs twice monthly. BIEL almost always has zero shares shorted; the 16K could be just leftover failures to deliver.....Those shares were as of 09/30/16.
It's virtually impossible to short a sub-penny equity, as most US brokers won't allow it, and overseas brokers levy such a heavy premium over and above the share price that it isn't worth the cost PLUS the significant risk to take the chance.
That report is not a useful indicator of true short interest in an equity. That information is located here:
https://otce.finra.org/otce/home
Current short interest is 16,333 shares.
The OTC short report is commonly misunderstood and erroneously used to support the elusive 'short squeeze' every penny stockholder dreams of, and which is nearly always a mythical beast.
There is not panic - just dumping, which we have seen before and will likely see again.
If I had a dollar for every time those .0006s showed up after they 'were never going to be seen again', I could by the company myself and have funds left over.
AW is being interred in a National Cemetery, which may explain the delay, especially if military honor guard has to be scheduled.
Please review my comments and keep in mind there are others insinuating - as you do - that of criticism of AW amounted to 'bullying' and attribute to it an unwarranted influence on his passing.
As for speculation on cause of death, was it not stated that AW passed 'in his sleep'? Is there a murder investigation or coroner's review that has provided any inkling of suspicious circumstances involved in his passing? No, there isn't - so natural causes in the reasonable conclusion.
The facts are simple and clear. An aging man with admitted health issues passed in his sleep. Straightforward. I see no point in fabricating a case for 'undue influence' where none exists.
Again, this was an aging individual with admitted health issues. There is little surprise to his passing in the manner described in the announcement.
As for stress, of course that is a contributing factor in exacerbating significant health issues. That, however, is a far cry from asserting, without ANY basis in fact, that AW's 'stress' was the result of anonymous message board postings. That is an illogical, unfounded, overstated leap with ZERO basis in fact.
As CEO of a continually failing public company saddled with years of losses and debt, and precariously managing to stay barely viable, I imagine AW had lots of stress...but NONE of the foregoing were the creation or responsibility of the group he referred to as 'whiny shareholders'. As for 'unjust' attacks, the vast majority of criticism leveled against AW was more than justified based on his continued failures and incompetence.
Trying to pin AW's death as untimely and the result of criticism leveled at him in this or any forum is preposterous and disingenuous. Thinking all the criticism was 'unjust' is specious and ignores the factual evidence of his leadership's multiple failings.
Sorry I don’t believe absolute nonsense.
Well his last interview was a complete embarrassment. Fact, since facts matter.
This ridiculous nonsense that anything other than natural causes are involved in AW’s passing is tragically funny. The multiple examples of his high handed arrogance aren’t an indication of someone who would be bothered by some critical posts. He always took the stand of being the smartest guy in the room. ‘Whiny shareholders’ wouldn’t have bothered him.
Unreal. So much made up nonsense regarding his natural death. Pathetically funny.
Unbelievable......
The man was well over 80 and already admitted to poor health and a variety of medical issues. He died of natural causes. He didn’t die due to some board postings from what he once referred to as ‘whiny shareholders’.
Suggesting anything other than a death due to age and failing health is beyond ludicrous.
Completely agree.
LOL - TRUE!!!
Yes, AW was willing to take funds via this method - all it took was a phone call to get the process started.
So much unnecessary angst over this issue; this is a pink sheet stock after all, and the pinks are rife with dilution and toxic financing. The only difference between typical toxic debt and these shareholder loans were the entities involved (shareholders vs. commercial toxic lenders).
AW did whatever he could to find cash since he could never sell enough product to be profitable or generate positive cash flow. Of course all those actions hurt shareholder value, but everyone buying shares should, and could have, seen that going in.....
It is ludicrous to state the the crew 'achieved its goal', as that would have required an active participation in the event. Mr. Whelan passed from natural causes.
There were certainly some tasteless references around the desire for AW's removal from his leadership role, but no one 'achieved' anything in relation to his departure.
The only relevant issue now is, will an exceptional - or at least competent - successor be chosen?
Well, there is the chance that a succession plan was in place and the 'new' CEO had already been selected in the event it was needed. I tend to think that isn't the case and that in the absence of a plan someone was quickly picked. We may never know which is the case......
I am not too optimistic, but perhaps I will be pleasantly surprised.....
I don't know enough about Staelin vis-a-vis the CEO spot to opine; I know he is highly regarded, but I can't say whether he can or cannot effectively address what I see as critical components.
Realizing it's a long shot, I would still like to see a former COO/CEO in this space willing to come out of retirement and take on a challenge like BIEL, motivated by the efficacy of the products and the positive impact they could have if marketed effectively. There would be ways to work out a compensation package that would entice someone with the right qualifications and experience.
We will see soon enough the direction taken; whatever it is, I hope it represents a positive change for BIEL and its shareholders.
The immediate, critical requirement is finding the right CEO to lead this company from its present morass to a fully functioning and executing company. This would be a CEO who is intimately familiar with the vertical space in which BIEL operates; i.e., medical devices/biomedical. The CEO defines a vision for the company, a strategy to implement the vision, and the various tactical essentials to effectively support the strategy.
The CEO should have experience/understanding of manufacturing, sales and distribution both nationally and internationally, working with the FDA, etc., etc. The CEO must understand at fundamental levels SEC rules and regulations. The CEO must craft a working plan to generate sustainable sales, and have manufacturing in place to support those sales. The CEO must enact the steps needed to bring this company to profitability as soon as possible, and begin to put a dent into the accumulated debts and deficits that have piled up over years of continued losses, and do so without continued dilution/reduction of shareholder value. The CEO will need to address the abysmal share structure (when appropriate), and in the long term take the necessary steps to get off the pinks and graduate to boards that can allow institutional investing/attract new investors. Meanwhile, immediate actions on the CE mark and other incomplete/unaddressed items that have languished due to the ongoing lack of effective leadership. Some semblance of a workable BOD should be established, formed of others with proper experience and skills to help execute strategy and vision.
Having a CEO with previous relationships with distributors and potential business partners that can be leveraged to jump start deals which will drive sales is critical. He/she needs to act thoughtfully, but quickly, to generate profitable business and bring BIEL's books in order, and then begin having audited financial statements as soon as practical. Wherever the CEO has gaps in his/her own arsenal, he/she will need to entice a limited team to shore those gaps to insure proper execution, whether it be in the form of external expertise/consultants or full-time associates.
It's a difficult and delicate task, largely due to the ongoing lack of cash that has plagued BIEL for years, but it IS possible with the right leadership. Golden opportunity to reverse years of mismanagement.
Unfortunately, what I expect is a quick (and cheap) fix that will do few, if any, of the above. Without those (and other) items addressed in a coordinated matter, what will result is continued foundering, continued losses, continued blown deals, and continued share prices languishing in the trips or double zeros.
Completely agree.
I understand why people want to jump on the Keith bandwagon; he is the only bright spot in what is overall a desperate landscape. However, I see no reason to remove him from a spot in which he has been very successful, and saddle him with the entire organization and its myriad issues. I think there are better approaches that could correct the fundamental infrastructure problems, provide visionary CEO leadership, and allow Keith to continue selling (this time without his hands being tied behind his back).
Keith represents stability and a quick and easy solution to filling the CEO chair. I would prefer some thoughtful consideration of alternatives prior to taking the easy path. There are options that could really launch this company if they could be executed.
Frankly, I expect an easy fix, so here's hoping that pans out..........
Jack Kraeutler - one name, but there are others. Enjoy!
Yeah....uh, nope. I didn't agree with previous calls to make KN CEO, and don't think differently now, for the same reasons.
Mute point regardless - Kelly will decide and we will see the results. Salvaging this company will require more than a 'mover and a shaker'. We will see eventually.
Saddling the top sales guy with running a company beset with significant issues doesn't appear to be a brilliant move. I am sure KN knows the issues, but solving them AND focusing on sales? I would prefer not to see that happen.
Again, Kelly Whelan will decide that issue......
This is precisely the time and opportunity to absolutely select the right choice for this role - in fact it's critical to the survival of this company and the financial health of investors,. Taking the path of least resistance is not at all what I would want to see happen at this juncture.
I also do not agree that BIEL has nothing to offer someone for this role, but that's another story.........at the end of the day, it will come down to what Kelly Whelan decides, won't it?