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The answers to the two questions are very simple.
Under oath, during testimony before the SEC, the Whelans testified they could not recall and there was no bookkeeping, accounting, financial or banking records to support the initial Whelan "nominal amount" loan.
There was also testimony that member(s) of the Whelan family benefitted in the multiple millions of dollars in profits. So, until there is evidence produced illuminating the initial loan "nominal amount", it should be appropriate to use zero.
There is no question, in anyone's mind, that companies and banks all keep accurate records, by law, that go back many years, as do human memories.......so the accurate number exists. Why there are "no records" anywhere and totally blank memories, of such a signing transaction is anyone's guess......
As to the second question, the answer is more simple. Unless and until the initial "nominal amount" and the Whelan interest shares accounting trail is provided and independently substantiated, the amount non-Whelan interests invested in BIEL should be 100%, Whelan interests, zero..
The simple analogy is this - walk into a bank, your bank. Tell them you know you deposited funds with them that they invested for you. Explain that you have no record or evidence OR memory of when or the amount of the deposit and investments, and that you would now like to withdraw all your funds, including accrued interest and capital appreciation, should be about $25 Million.
Slightly different analogy? "Well, ya see, I had this lottery ticket and I can't find it, but I'm positive that ticket was a winner!
Make sense? Get ready for a quick ride to Bellevue Psychiatric over on 1st Ave in Kips Bay, for a thorough assessment. The answer is still zero, until proven otherwise. Oooops.
And how about that HealFast Therapy for Pet-N-Vet for animals? The miracle has occurred.
Now, they just need to fix the IBEX, St. Johns, Whelan family convertible notes, by simply changing them to conventional interest-bearing debt. Understandable why it is difficult for some to understand why that is fair.
The convertible note situation under discussion originated with a "nominal amount' of actual money to create the first notes for IBEX, Whelan and St. Johns loans. This highly questionable scheme was 'created' by a former CEO, as a short-term bridge and turned into a years-long family self-serving ATM. Curiously, no one involved in BIEL could recall the amounts involved during SEC testimony, under oath. What!!!!
And testimony showed that none of the parties to those loans; not BIEL IBEX, St. Johns and none of the individuals involved or their accountants or tax records have any record of those first loans. What!!!!!
And others who did make real loans and received convertible notes are under water and fan's sell their BIEL shares, unless they take them to a back-alley pirate broker and take a 50% haircut. But don't believe me.
Call a Broker, any Broker, call Schwab on Monday. Tell 'em you have 500 million shares you'd like them to sell. Be ready for the guaranteed negative response. And laughter. The real lenders who loaned BIEL real money, to help the former CEO and the company through.
So, the question is this. Should the 3 entities involved benefit by tens of billions of illegitimate shares, while ALL Shareholders PLUS well-meaning other lenders have been stiffed for more than ten years? The answer forms self-defining character.
Go BIEL - do the right thing. Fix that corrupt share structure, inherited by current management and borne by victimized shareholders.
That's what strategic alliances are for and why they have been written about a 100 or so times . . . .to avoid hostile takeovers and the such.
Yup....and after full-body clearance, announcement of multiple deals, new management, and new Chairman, it doesn't even stick its head up above the toilet seat . . . . fix the share structure by changing the IBEX, St. John's convertible Promissory Notes to conventional interest-bearing debt to relieve the weight of the potential billions of shares taking the share load to 65 billion shares on the toilet seat.
In reality, Google can't prove what is true either.....
Google is simply a series of electronic data mechanisms designed to separate people and companies from their money, by moving information around that is available to anyone, all provided by the people and companies Google is separating money from.
First to market is only that, first to market. Otherwise, nonsense. Without all the required success sets in place, there had better be a quick exit strategy or it's a death knell. Dominant without them? First means nothing.
Let's send him an ActiPatch- the partial list did not include the concussion indication, where it's terrific..... :)
yup. We'll see if wisdom somehow prevails over avarice....
Thanks Doc!
Truth and accurate research make for better management/shareholder relationships and corporate success. I would hate to see further distractions, as a result of litigious or regulatory conflicts.
Just want to see the company generate deals, sales and profits, fairly, for everyone. And who else wins big? Acute and chronic pain sufferers. About time for everyone to win, with dignity. Maybe too much to hope for dignity. We'll see.
I don't think so. I think the worst is right here, right now. One thing to have the former management fiasco foisted on us: saying "No" to multiple great deals, that would have made BIEL profitable; self-dealing with IBEX, set up by the former CEO; applying to FDA for OTC clearance, based on heat, then the FDA pointed out it's not, necessitating starting over; letting the CE Mark lapse;and, on and on and on.
With the share price remaining in the toilet and shares grew from 1 billion to now 25 billion and the current potential for 65 billion. Ya, that's a fiasco, a real cluster!
Quite another thing to see current, much more competent management make multiple deals with huge players, up-front funding and a bright future, all within 9 months of the regime change and not just starting from scratch, but from a status of much animosity toward previous management, in the marketplace. Tough slogging for anyone to come back from a dark place. Applause due!!!
No, the worst is now because the absurd share structure and the Pink Sheets are preventing a rise in share price and liquidity. Ask your broker, try and sell your shares - you're locked and blocked! As they say in NYC, G'head. Read my lips, it's the share structure. A major issue for years!
That is the self-destructive legacy of former management. Current management inherited the issues and is performing brilliantly, but needs to and can reverse the share structure by changing the Whelan's (IBEX, St. Johns) convertible notes to conventional interest-bearing debt, at no cost. My first suggestion months ago was to have them keep a few billion shares, maybe 7 (? Can't recall), but change the share structure, fast. They win, everyone wins! Goodbye toilet!
That way, they will still make a ton and won't have to battle shareholders, the market, and regulators for suspected self-dealing from the past, negative perceptions, and the CEO and BoD are heroes! a huge killer.
I have been asked, more than once, if I will join a shareholder action, something I will not even consider and I put those down to anger. Always sobering to write a retainer check, knowing it's just the beginning of a nightmare, win or lose, but I want no part of litigation. However, numerous shareholders are very angry and bitter. Easy fix - change the share structure. Problem solved in a day! Stupid not to avoid trouble. And make money doing it? That makes it insanity not to!
Fake math.
nonsense....any proof?
If our DD and our assumptions/speculations are correct, there will be a lot of smiling, when identity of the 4th entity becomes known.....
Now if the BoD will just deal with the silly share structure the former management allowed to explode to incredible size. That was then, this is now.
Every positive move KK Whelan and fellow Directors make, no matter how small, will lead BIEL and ALL its Shareholders to better times.
Amend the IBEX and any other Whelan loans from convertible notes to conventional loans with interest. That takes 10's of billions of potential shares out of the structure. Rule #1 - never, ever be greedy, it will bite you in the butt!
Then the 3 deals announced recently, whomever they are with, will mature a little, as marketing strategies are firmed up and plans are released. The sales force of the 4th deal announced is then fully trained and that identity is announced.
Meanwhile BIEL will be gearing up its processes to feed the OEM supply chain.
Then BIEL will have a pretty good idea of a Pro Forma 5 Year P&L. And only then can management submit such a plan to the BoD for assessment and approval.
The BoD can assess if and when, best timing on a possible RS. Carefully managed, with the expertise of Dr. Staelin and CPA KK PLUS the upside of a potential 'positive announcement' run, while Keith Nalepka and the sales crew are hammering on other doors, chasing additional deals.
Looks if the next 60-75 days are going to be busy days at BIEL. Good, its been languishing in the toilet for 10 years before last November. Welcome to profitable success, beats hell out of the toilet!!
I recall advising, no pleading, with former management to just make, please make, the first deal and the rest will come. Wouldn't hear of it. Nope, wanted the Grand Slam homer and only my way or no way. And the rest is history. That was then, this.....etc.
Fix the share structure KK, continue and do not lose the momentum of good news and everything will work out just fine. Only thing that matters now is do not drop the ball....
Sleepin like a baby.....
Too much.....Still totally false and misleading, a note holder can convert at any time, Initial Note or Renewal. It's still Section 2.1. With a renewal, it's just a new new note with the same new 2 year term TO EXPIRATION! Same as the first note - section 2.1. Only difference is the loan amount changes - original Principal plus Interest dollars from the first Note, as a total amount in the upper left corner of page 1. I'm reading it! Hmmm, lessee, it may be really old. Yup, it is. 3-6 months! Jeeeez!
Wrong!
hahaha Still totally false and misleading, a note holder can convert at any time, Section 2.1. With a renewal, it's a new note with a new 2 year term, same as the first note - section 2.1 Jeeeez!
Totally false and misleading, a note holder can convert at any time, Section 2.1
Correct SRIN.
SEE POST 233569 for details re adding in Legal and Transfer Agent fees, both of which are required. More losses for well-intentioned lenders and many, many others.
There are many more convertible notes that left people under water and holding useless paper. Suppliers, many employees, consultants, you name it. All under the former management.
And again, please take note, no one complained or whined. In every case, they took the hit, if they didn't convert their note to shares and couldn't sell them OR, if they did sell them and took a 50% haircut from the Brokers.
To be totally fair and transparent, and there is zero obligation, in this regard, I have offered up several times that the current CEO was a victim.... she will never say so; too close, too painful, too sensitive to go near that and say so or admit to that.... But, I will, trust me, she was a victim, for decades.
She has not asked for any slack, nor was, or has, she been given any. Fact, she has paid a huge price, every day, over and over, as a victim. I confronted and asked the former CEO, over the SEC debacle, "how could you have done that, put her through that?" Silence.....no answer, just more silence.
It proved to me that the unconditional love of a child for a parent is far greater than the reverse.... And, to my knowledge, she never complained or whined publicly, she took the hits, just as we all did.
I may have come close to the line, but I had a sense of a need to help to level the playing field, even a little. I've never met or even spoken with the current CEO, but I am aware, what's the word? Woke?
And, being woke, why I know that the interest holiday was an impressive first step and why fixing the share structure, by changing all current Whelan related convertible notes to conventional debt is the most critical component in cleansing all that needs to be cleansed to remove the decade-long stench from the past associated with BIEL and the toilet it was placed in.
That will allow a tiny, magical pain device to help many tens of millions of pain suffeters and create a ton or two of wealth. And cleanse in other respects too. KK, tear down that toilet!
When? Right now!
Great questions to ask Easy, painful answers!
3 arms-length loans total $495,000!
3 more such loans under water, by a lot!
No interest paid to any of them!
Interest accrues - paid in added shares!
And Int. shares are also tricky, try selling!
Some sold and took an added 50% haircut!
Brokers won't take OTC Pinky shares!
So, the amount loaned means $247,500!
Less legal and Transfer Agent fees and more!
If you find a Broker who gives 50% haircuts!
And the risks involved in BIEL making it.
I can show proof of much more.
Never whined, not who I am.
Just wanted ActiPatch to be enjoyed by hundreds of millions of pain sufferers.
All those who lost money lending BIEL arms-length funding also suffered hundreds of insults. 50% haircuts, or worse, wallpapered bathrooms with the shares, after Brokers flat-out refused to take and sell them! Wouldn't take 'em at any price.
Schwab will only "consider" taking them if you have $250,000 in liquidity in your account, then likely refuse. How recent is this DD? How about Tuesday? Of this week! Have I seen proof? I Don't spout crap, unless I've seen the proof...not crap, not maybe, proof!
Hard, real money invested in loans to help - $495,000. End of day? $235,000, maybe, maybe not! And I have proof of much more and many know it. And IBEX received deals under the former regime for 10's of billions of shares for a tiny amount, the former management and couldn't remember and it wasn't showing on the Books!!! Really??
And the game played on! For many years. Until the second week of October of 2019!
I hate whining, I just want the share structured fixed by changing the current convertible loan to conventional debt. Why did the Whelan family forgive a few hundred thousand in interest on their notes? Because the potential 10's of billions of shares those convertible loans could represent are worth hundreds of millions of $$$.
And the sincere lenders of real hard dollars to help BIEL survive get a 60% to 70% haircut! Anyone responding in the negative does not have the proof the note lenders do. I know, from correspondence, that the shareholders have the truth. They are smart!
BIEL Management Version 2.0 - Fix the share structure. ALL shareholders have been badly hurt!
I like your opinion - I just think it's wisest to remedy such situations first, be ahead of trouble, rather than having others perhaps remedy them through other means available. I've heard rumors that I don't like and personally abhor. When shareholders get angry, things usually get very distracting and expensive. Better to be first!
It's very simple. Corporate management has few basic responsibilities, mandates. 'Fiduciary Duty' is the catch-all of ethical management and it's a wonderful code to adopt. It covers everything from recognizing the rights of every shareholder you have; avoiding business associates who would pick your pocket or steal a company's assets; greed; nepotism; fraud, you name it. And, once the rules are carefully learned and truly followed, doing the right thing becomes second-nature and supports the efforts of management toward success.
It is always healthy to just browse through the U.S. Code and SEC Regs on the criminal and civil guidelines for Officers and Directors on how best to carry out their responsibilities to Shareholders large and small. In Boardroom slang, I first heard decades ago on my first Board, "Put the shareholders big and small first every time and you'll have a good time and never do time." It was said jokingly, it was no joke!
Close to being correct is a major step - it wasn't omitted, allow me to remind, and why I've suggested, perhaps ten or twenty times, that the Whelans would obviously create the Shareholder Alliance first, then have BIEL/IBEX simply change the convertible notes to conventional debt.
Sorry, I always presumed the tactics of protection and retaining voting control, fair for all Shareholders, a given, were glaringly obvious. Easy to form the Alliance, would only take a couple of days, with people being busy.
Here's a start - just ask all shareholders a simple question: Who would proxy their stock to Messrs. Staelin and Nalepka and Ms. KK Whelan so that their stock is voted to mirror decisions of the Directors on the Board, except for decisions involving corporate debt, divestitures or M&A implementations?
I suspect very speedy Shareholder responses would be forthcoming, necessary to form the obviously needed Alliance to protect major and minority stockholders from mismanagement, corruption, revolts and piracy.
Maybe if we had been more fortunate in having such an Alliance 5 years ago, we would be on the shelves of CVS, Walgreens and and and......or 10 years ago... interesting thoughts. Wishful, or wistful, thinking. Things would surely be different.... Oh well, this is now...
Just fix the self-destructive share structure. Change it from the past self-serving to self-helpful for all shareholders. Anyone tired of being in the $ .000whatever toilet? After how many years?
Read the lips - it's the horrendous share structure, with another few 10's of billions of shares issued to the Whelan's IBEX on top of the 10's of billions already out. A 65 billion potential in the share structure is a huge red flag.
It screams something wasn't managed properly or there was a self-serving game in play. And there was, but that was then and this is now.
How wide does the door have to be opened before blind eyes see the opportunity for instant redemption? Leaves one wondering even more, doesn't it? Change the IBEX convertible note to a conventional loan and poof, the share structure is instantly less ominous.
We know that was the case with the former regime. We know this is a new management group and a new Board, so fix it! Get BIEL out of the $ .000whatever toilet it was put into.
"STILL would love that deal!"
It is available to ALL today! How much?
"Please do not try to convince me that this deal was anything but destroying to other stockholders, because it WAS!"
OK, but it wasn't, as long as the lenders were arms-length, making real and high-risk loans and not the Whelan family scheming billions of loan conversion shares without non-conflcted loans and arranged by the former CEO. It's a new day, BIEL 2.0.
"And please don't tell us that it was available to ALL who wanted it."
Okay, but it was and that's the truth. Want proof? Read on!
"No others than those who approached AW at his declining health years for getting the same stock price destroying deal that his family (IBEX) got, knew of this deal."
Here's the proof! Why did those people approach the former CEO? How did they learn of the convertible loans? How did they know to say anything? Of course! From the public financial statements EVERYONE could read!
"It IS a deal that has seriously hurt the stock price and all other honest investors!"
"Still would love that deal" so, decide.
"End of story, end of conversation!"
Really? OK, the conversation ends with veracity.
When you do the necessary DD to logically speculate who they are, it will all make good sense.
Only thing left is for KK Whelan and other directors on the BIEL BoD to work with IBEX to change the convertible loan between IBEX & BIEL to a conventional loan.
Hmmmm, KK Whelan may have to recuse herself from that whole process because of multiple conflicts on all sides. CEO, Director, CFO of BIEL plus sole owner of IBEX??? C'mon.
Legal scheming by former CEO??? Maybe, maybe not. With the former CEO not 'technically' part of IBEX, the familial conflicts were definitely stinky. Now, it's far worse, KK is directly involved and controlling all sides. No worries, she will understand she can't be involved at all, on either side, because of multiple huge conflicts.
S'ok, the process of fairly fixing the share structure, so her personal gain is not the headliner should take 10 seconds. It's called, 'make it happen', because it's good for all shareholders, fair to both companies, allows everyone, mostly the Whelans, to make mucho more $$$, with BIEL sp rise, and gets the eyes of complainers and the SEC off her back.
Away with the stench from the past and let the stock fly with a repaired share structure under new management and BoD with integrity. There is no amount of legal advice or accounting advice can make the current situation, inherited from the past fiasco look or smell ok. Stuck in the $.000whatever stinky toilet, after the amazing Chairman's announcements of deals and $$$, is the proof. Fix the stinky perceptions!
People are smarter than that. Not a case of buying shares at 50% of the price. It's a loan, requiring weeks to trigger conversion, receive shares, get them to Broker and sell into the market, all with no security.
Therefore high, high risk. With normal share purchase, you could exit in 5 minutes, with a phone call. Not so with the convertible promissory notes. Couldn't even catch a quick run and drop.
Wrong, I disagree with #4.....the issuance price of the conversion shares is established at the time the loan was made, not the date of conversion.
The share issuance price is established as 50% of the closing price on the day of the loan.
Therefor, if the trading price on conversion day is lower than half the price on loan day, the lender is under water. Lenders will only convert if the trading price is higher than half the loan date price. And the interest meter stops.
Imagine! That one elusive component, necessary for success, was missing in the former regime for over a decade. The challenge of 'competent management' is to get as many thing right as possible.
We should be thankful for BIEL management Ver:2.0. Go, go, KK, do the right things for shareholders.
Canceling that Promissory Note interest only achieves some partial good. Smart move, but it also reveals something with the IBEX notes needed serious fixing for PR purposes with shareholders, no other reason for doing it! Proof it was ineffective? The sp remained firmly in the toilet.
But, it's not the interest component, it's the conversion! The interest holiday is a good first step, but converting the notes to simple conventional debt will relieve the massive share structure that is keeping BIEL in the toilet! Make it happen, all eyes are waiting with keen interest. Stay in sp toilet or let it rise? Hero or continued Villain?
There are but 3......
Sure....the basic premise was incorrect. It's the share structure that dictates and it's too much of a burden. Not to worry, the Whelans know, using common sense, they will make 10's of millions more $$ by fixing it.
Complete nonsense
We believe we have an excellent idea, likely within 25 cents or so, but of course you would agree, just highly inappropriate to divulge. To our knowledge, such numbers have not been mentioned by anyone. Just prudent management not to share sensitive business terms, contract details or other confidential information with anyone.
Enjoy the weekend.
Impossible! Numbers would never work. OEM = 4 levels . . . .
Other than OEM, different story . . .
"CVS was a 200 store Product Trial, AW thought Protex, sleeve maker who put the deal together, was getting too much of a percentage, CVS wanted a Deal AW said No.
Dr Scholl's, owned by Bayer, spent over a year doing DD and negotiating with BIEL. Two factors killed the Deal. AW did not want to License ActiPatch to Bayer. Bayer was realizing the multi billion dollar Roundup liability they had purchased along with Monsanto. Bayer sold Dr Scholl's to Yellow Wood Partners. No Deal was ever completed.
What is the common theme hear? No Deal was ever completed."
A welcome site to see the truths I have been hammering at for months surfacing from somewhere else. Thank you!
The common theme was threefold, not just whether a deal was completed.
1. BIEL said NO! And now BIEL is reinvigorated as a new company and moving forward.
2. Roundup was never a consideration.
3. I had faith that Keith Nalepka and the BIEL Team should have gone back to CVS, full of apologies, grovel if necessary and do their damndest to re-start talks. You see, there actually was an agreement, then someone changed their mind. The only reason was advancing aging issues, sad, but true and no one's fault, it happens! Embarrassing to all concerned but one. The details no longer mattered, they just didn't matter. All that mattered was the CVS 200 store trial was brilliant, CVS wanted to and asked to go nationwide. The hurdle may be that Protex was also a victim, not just CVS and BIEL shareholders....... So, grovel at the door of Protex as well! Ten months had elapsed, justifiably bruised egos and feelings would have healed. I knew BIEL could sell freezers to eskimos, and CVS was made up of smart people who wanted to create profits for CVS.
So, the 3-part common theme was BIEL was in a mess, now resolved; Dr. Scholl's is still in business and so is CVS. Is that 2 out of 3? Or 4 or 5 or 6 or 7 or 8? The overwhelming fact is ActiPatch is a winner!
Correct - BIEL can and should PROSPER!!!
Looking back 12 years, BIEL has not been better positioned to take off and prosper than now. My sense, with the refreshing protracted management silence, then Dr. Staelin's news release, it is our time.
Deals announced, timing announced, just 'Who are the deals with?' and the share structure to be fixed, by changing the IBEX convertible loan Prom Notes to conventional interest-bearing debt.
IBEX still gets paid its 'supposed' debt PLUS the accrued interest at 8%, and the share structure lightens by 10's of billions of shares..... oh, and the Whelan's get filthy rich! Nice legacy.....
Hate speculating, but is it reasonable to dream or think that the sp bounces out of the BIEL toilet to a cent, by fixing the share structure? Since it hasn't moved a .0001, since multiple deals were announced?
If that speculation is even remotely close, then, is it too much to believe maybe it goes to 5 cents, with the share structure already fixed and when the names of 'Who are the deals with?' are announced?
Is it too far ahead to think what happens, when major contract profits begin to flow? And the marketing and sales taps are fully open?
Conclusion? Guess it is the share structure, after all, and the current Promissory Notes crippling BIEL, but giving the Whelan's IBEX 10's of billions of shares.
I used to beat my head against the wall saying to someone, "Only a fool doesn't change his mind" to BIEL, in the past. Those moments were mostly pleading/advising to just make the first U.S. deal, even a break-even deal, but get fishing. Deaf ears! Always deaf ears!
Now, the new CEO and Board of Directors have 'got this' and are bringing BIEL into daylight; the announcing of many deals is done, just a short 10 months later?
After grief, transition, regrouping described by Dr. Staelin, change in market approach and a work-from-home, U.S. economy stopped in its tracks pandemic? Hello? Multiple deals? That's a miracle, right there! So, fix the share structure and we're out of the toilet forever! When? How about right now!!!
Bam!! Deals announced! BAM!! Share structure fixed! BAM!! OEM deal partner names released! BAM!! Keep selling BIEL Team! BAM!! HealFast for PetnVet! BAM!! Profits!
Anyone believing yet that a potential share structure of 60 billion plus shares is weighing down the sp, keeping BIEL in the toilet?
You bet it is. Do the DD of the last 100 posts on how to quickly resolve the share structure issues. This should be very high 00's right now and still going, in which case everyone, including the Whelan's would be wayyyy ahead.
Again, the issues you suggest, discovery and fraud, and perhaps you mean submitted into evidence (???) are as different and light years apart as night and day. I think I'm pretty much done on this and would respectfully suggest my sentiment be seriously considered, as a better course?
Hahahahah. Not even on, or in, or up, or around, Uranus Jimzin. Harvard, and every Montessori School in the nation teaches two things. Commercial documents are not corporate documents and as an ice giant, Uranus doesn't have a true surface. The joint is mostly swirling fluids. While a spacecraft would have nowhere to land on Uranus, it wouldn't be able to fly through its atmosphere unscathed either. The extreme pressures and temperatures would destroy a metal spacecraft, leaving one to question whether Uranus is still technically a planet or not.
Also highly misleading; Corporate documents do not include commercial contracts, which are restricted and privileged information.
"Common shareholders are granted six rights: voting power, ownership, the right to transfer ownership, dividends, the right to inspect corporate document, and the right to sue for wrongful acts.
I did this challenge to a general counsel of a MJ stock company about suspected fraudulent contracts.
The posters, on that board, were very savvy and stated with certainty why that was allowed. They were very adamant about it."
Savvy, certainty and adamant among posters on a board all mean less than zilch. Corporate documents are vastly different from commercial contracts and are realms as different as night and day.
Also, the referral to Shareholder rights submitted is misleading in that it comes from an information website - Investopedia.com and Section 5. does not state "corporate document" as alleged above. It states . . . "Corporate Books and Records" and goes on to state basic documents, etc..... silence on commercial contracts and documents where there are business positions to be protected in a competitive environment. It even goes on with some degree of specificity, stating "such as company bylaws and minutes of board meetings." That's it. There must be more to the story as tt how the General Counsel responded....most likely with silence and went to lunch, which should have been the case.
QUOTE:
5. Opportunity to Inspect Corporate Books and Records. Shareholders have the right to examine basic documents such as company bylaws and minutes of board meetings. In addition, the Securities and Exchange Act of 1934 requires public companies to periodically disclose financials. Most companies produce two versions of their annual report. The 10-K version must follow the filing requirements set by the Securities and Exchange Commission (SEC).
UNQUOTE
There is no planet in the Universe on which common share stockholders are entitled to see a commercial contract or any details therein, as to numbers, terms or parties to that contract! If a Board of Directors deems it prudent to reveal any details, that is another issue.