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Unrealistically and absurdly impossible!
It is unimaginable that Dr. Staelin would risk misrepresenting the truth or embellishing the current breakthough status of BIEL in any way. I would risk a lot of cheddar and assets on that basic premise. When he details the amazing status in such detail and states that contracts have been entered into, funds have moved and numerous other substantive details, it is on anyone not accepting the news as truthful, not on BIEL.
Not revealing the names of the players is called keeping c-o-m-p-e-t-i-t-i-v-e e-d-g-e. There were GG&G chats and it is not hard with all the information available to everyone to deduce who the players may be. Such deductions mean success and profitability for BIEL and sleepin like a baby.
Congratulations to Team BIEL. Now, with the continuation of the refreshing protracted management silence, it is our time. Just the share structure to be fixed by changing the IBEX convertible loan Prom Notes to conventional interest-bearing debt so the sp rises to reflect the current successes. IBEX still gets paid and the share structure lightens the share structure load by 10's of billions of shares..... oh, and the Whelan's get very wealthy! Nice legacy.....
Lighten the share structure load KK, raise the company out of the sp toilet!
Oooops, I forgot, did I share the DD my Research Assistant mined on HealFast for Pet N Vet? Perhaps not. It's fascinating too. Oh well, that will come out in due course, I guess. How many animals would that involve? A lot!
Gosh, I love a well managed company. And a management team that knows when to STFU, put their noses on the stone and get things done.
Big day at BIEL; everyone, and it all screams team effort, deserves credit and respect for the accomplishments described. The critical breakthrough just became history, now it's up to operations to implement. Someone just threw out the fax machine, it's a new day at BIEL!!!
Oh, it will hit 8's.
.008....and then what?
There has been a news release, recommend reading it a couple of times! BIEL has received finds and for certain is now able to take contracts in place to its bankers and negotiate credit facilities.
When? Soon....
Amazing....and revealing. So revealing!
Takes a very substantial person to say that! Well done!
When? Now!
Great post 3^er.
ActiPatch is not just about feet.
The Dr. Scholl's discussions, under the regime of the former CEO, coulda, shoulda led to a great deal - for feet - didn't happen and poor, failing health was evident at that time. Too bad.
I suspect the current, more qualified, management team, probably operating as a real team of highly qualified experts, like never before, is now far better positioned, with all the ActiPatch assets and FDA full-body clearance, to take the best pain device on earth to greater heights than feet.
Looking back 12 years, BIEL has not been better positioned to take off. My sense, with the refreshing protracted management silence, it is our time. Just the share structure to be fixed by changing the IBEX convertible loan Prom Notes to conventional interest-bearing debt. IBEX still gets paid and the share structure lightens by 10's of billions of shares..... oh, and the Whelan's get filthy rich! Nice legacy.....
Nope.......sooner than you think and a lot sooner than I'll let you know....
Man, I wish I knew that much. I don't, so I'm gonna stick with what I do know, and it ain't that! When? Soon.....very soon....
No way non-public information is necessarily 'Insider Information'. It might be considered as nonsense, hateful and revengeful to assume that. Such communication would simply be private! Imagine that.
Rather than calm, might be better described a calm period. Business Development is like that - calm or exciting, but never boring and it can change in a nanosecond.
All well said 3^. Very informative, thank you.
No question in my mind KK Whelan, new CEO, has a different company and better team to manage operationally. With the eminent Dr. Richard Staelin returning as Chairman. my instincts tell me they are creating progress at a whole new level. Why do I say this? 2 clues everyone can pursue their own DD with. Silence from the company and all my sources on the pharma/retail streets are silent!
She has an opportunity to create a far different legacy....reputation.... for her family members that will totally undo the past, in which I believe, she was also a victim. She can fight that, and the truth may still hurt, but her opportunity is huge AND simple! It's the timing that's critical.
NOW, it should be clearly evident why it is so crucial for BoD and KK seeing the light to change the current IBEX convertible Promissory Notes to conventional interest-bearing debt. Keep enough to allot the Whelans 6 or 7 billion shares, I don't care, actually probably well-deserving, but avoid the other 10's of billions of shares, that will be issued as a result of the convertible notes they hold, at the moment. If they don't, the Whelans and all Shareholders will lose out on the available upward momentum and sp sustainability.
They have the most to lose, by not doing so, and the most to gain. The heavier the share load, the more the sp will struggle to rise to its potential and will have less sustainability. They, and all shareholders, will be hit by head-in-the-sand, defiance or gambling. Shareholders have lost too many times to have it happen, yet again.
And anyone suggesting, wait and see, fix the share structure after deals are announced, is naive. There will not be time. Fix the structure now, set the table, complete and announce deals, enjoy the meal. Waiting is missing out and going hungry on this one.
Wouldn't it be great to do just one thing early, after all the painful years of seeing the finish line and unable to get out of the toilet and losing? It's not difficult - plan for a winner and execute.
When? Soon . . . . sleepin like a baby. Protracted silence means good things coming . . .
Because COVID slowed down to a painful crawl, and sometimes full stop, the entities BIEL was, and hopefully still is working with? Along with the entire rest of the world?
Another reason why we should all look around us for the people among us who stayed realistic, used common sense and kept working hard, during this pandemic. Without flinching, remained optimistic, didn't hide in their basements or, with negativity and cynicism, attack and blame others. It's not just the first responders, it's the winners among us, who just keep going. Thanks for the winners, without them, mankind would destroy itself.
Another week of BIEL management silence raises my senses and level of conviction, once again, that good things are happening for ActiPatch, pain sufferers, BIEL and its' Shareholders.
Corporate managements only go from inane and constant verbosity, BIEL's style for many years, every time the fax machine twitched, to total silence for many weeks, for two reasons, success or failure. BIEL has ActiPatch and a new management team at the helm, enough said.
Hopefully they fix the share structure ad suggested....
When? Soon.... Sleepin like a baby....
As I said, look behind and down, always behind and down ....
And down.......
Look behind!
"kelly doesn't use
violence or intimidation, she doesn't need to, the effect of her
greed and incompetence is the same."
I fully understand your disenchantment with the situation- many feel the same way after years of being screwed around.
BUT, KK Whelan, as new CEO, is now running a different company and better team that my instincts tell me is making, creating, progress at a whole new level. Why do I say this? 2 clues everyone can pursue their own DD with. Silence from the company and all my sources on the pharma/retail streets are silent!
She has an opportunity to create a far different legacy....reputation.... for herself and her family members that will totally undo the past, in which I believe, she was also a victim. She may be fighting it, and the truth may still hurt, but her opportunity is huge AND simple! It's the timing that's critical.
NOW, it should be clearly evident why it is so crucial for the Whelans to change the current IBEX convertible Promissory Notes to conventional interest-bearing debt. Keep enough to allot yourselves 6 or 7 billion shares, I don't care, but avoid the other 10's of billions of shares.
They have the most to lose, by not doing so, and the most to gain. The heavier the share load, the more the sp will struggle to rise to its potential and will have less sustainability. They, and all shareholders, will be hit by head-in-the-sand, defiance or gambling. Shareholders have lost too many times to have it happen, yet again.
And anyone suggesting, wait and see, fix the share structure after deals are announced, is naive. There will not be time. Fix the structure now, set the table, complete and announce deals, enjoy the meal. Waiting is missing out and going hungry on this one.
Wouldn't it be great to do just one thing early, after all the painful years of seeing the finish line and unable to get out of the toilet and losing? It's not difficult - plan for a winner and execute.
My conclusion, from due diligence efforts, and sense is that the Pet&Vet HealFast marketing efforts are doing just fine, as are the U.S. ActiPatch marketing and product development efforts.
Each person's reactions are their own; mine are to continue to be patient and optimistic. When will we receive substantive news? When the management of the company is good and ready to make an announcement and it is in the best interest of shareholders to reveal anything that would risk success and not a second earlier. When will that be? Soon....
But, it's just nonsense, lmfao hahahaha.....
I so wish that was interesting nonsense lmfao hahahaha.....
NOW, it should be clearly evident why it is so crucial for the Whelans to change the current IBEX convertible Promissory Notes to conventional interest-bearing debt. Keep enough to allot yourselves 6 or 7 billion shares, I don't care, but avoid the other 10's of billions of shares.
They have the most to lose, by not doing so, and the most to gain. The heavier the share load, the more the sp will struggle to rise to its potential and will have less sustainability. They, and all shareholders, will be hit by head-in-the-sand, defiance or gambling. Shareholders have lost too many times to have it happen, yet again.
And anyone suggesting, wait and see, fix the share structure after deals are announced, is naive. There will not be time. Fix the structure now, set the table, complete and announce deals, enjoy the meal. Waiting is missing out and going hungry on this one.
Wouldn't it be great to do just one thing early, after all the painful years of seeing the finish line and unable to get out of the toilet and losing? It's not difficult - plan for a winner and execute.
Total nonsense
Soooo well said 3Pntr. Hatred & bitterness are both highly toxic and self-destructive.
Confucius wrote, "When you embark on a journey of revenge, first, dig two graves.”
Or an individual who was bullied as a victim of such human foibles.
It must be carefully assessed that Shareholders, Suppliers, Regulators, Customers, potential Customers and Distributors, Lawyers, Accountants, were all bullied by the former regime in various forms. No one was excluded! Now, add in family members and you have it! It was legendary! If that cannot be grasped in a humanistic way, then that is to admit that one cannot understand the concept of such powerful and totally controlling influences.
The goal here is a kindly one, and not to disparage anyone. I say we must give things a chance. I am the first to admit, I did not feel this way a year ago, but one thing I do know for certain is that only fools don't change their minds! And BIEL is a new company!
Typo correction to an earlier post. . . . apologies.
231809 July 31, 2020
NO!
I don't believe she's a criminal, I do believe she was a victim of the former regime, just as we all were and remain!
And certainly the members of the Board of Directors are not accomplices of anyone, nor should anyone be fined or locked up! It takes both courage and encouragement sometimes to see the best path forward clearly and then to do the right thing. If that happens, all the stench from the past evaporates, The current CEO and Board will deserve high respect and BIEL will fly to success. I am totally convinced of this.
That information, authored by the SEC, is cast in stone. Not good!
However, what is not well known, and certainly well beyond the knowledge of the Enforcement Division of the SEC, is the absolute and total iron-fisted control of everything to do with BIEL and all related situations, including IBEX and BIEL loan strategies, by the former regime. If anyone had ever asked the right questions, that would be well known and documented, as recently as well into 2019!
Please understand, yes, it's business, but the current CEO was a victim of that, for many, many years and I strongly suspect is finding her way forward, as an individual, experiencing never before freedom of thought, expression and personal growth.
I have done a lot of DD on this and it is apparent that she is showing rapid growth and responsibility; just assess the strategic management silence profile, with a keen eye, for a moment. BIEL no longer lets its competition in the pain space, know every time the lights are turned on or off at BIEL. But, she must fix the share structure, in order to allow the share price to rise properly, when deals are announced and be a hero in the eyes of many for doing the right thing!
When? You know when . . .
NO!
I don't believe she's a criminal, I do believe she was a victim of the former regime, just as we all were and remain!
And certainly the members of the Board of Directors are accomplices of anyone, nor should anyone be fined or locked up! It takes both courage and encouragement sometimes to see the best path forward clearly and then to do the right thing. If that happens, all the stench from the past evaporates, The current CEO and Board will deserve high respect and BIEL will fly to success. I am totally convinced of this.
All that nonsense falsely creates confusion and misleads.
""Kelly Whelan formed IBEX, LLC in 2005 and is its sole member. Kelly Whelan initially capitalized IBEX with assets of her own and those of her former husband, Robert Lorenz. These assets included personal savings, a home equity loan, credit card advances, and withdrawals from an ERISA 401 K retirement account. IBEX was formed to invest in small capitalization companies after Kelly Whelan learned from her father how such companies were forced to seek capital from lenders at extraordinarily high rates of return. K. Whelan Deel., ifl69."
The questions the SEC then asked related to how much IBEX initially loaned to BIEL, not how IBEX was capitalized! Perfect memory on the 4 specific sources of funds to capitalize IBEX, when it was incorporated, but instant and total amnesia when asked how much the initial loan was to BIEL! Nope, can't remember and have no records whatsoever - absurdity in the extreme, that should satisfy any curious minds. . . .
Doing the right thing to rectify the absurd share structure BIEL is weighed down by removes the stench remaining from the former regime. There were many, many victims of that regime. Fixing the share structure now, before any deals are announced, is a once in a lifetime huge opportunity to do the right thing and become very, very wealthy! Who in their right mind would miss that? Doing the right thing will be well remembered, not doing it will never be forgotten. We're talking lifetime legacy stuff here. . . . you know when. . . .
Not "poor BIEL". BIEL is in the toilet for many reasons associated with the former administration and the share structure nightmare schemed by the former CEO. Pleas for the current CEO to change IBEX convertible notes to conventional debt have been to no avail, so far.
Doing so will lighten 10's of billions of potential shares, on conversion from the share structure, IBEX gets paid its' alleged, possibly contrived loan and the share structure is less burdensome, helping all shareholders when deals are announced.
Share price will run longer and higher, with greater sustainability, with billions less shares. Only LD's on Wall Street wouldn't see the logic.
You are absolutely correct in the theory!
"If IBEX Had Not Funded Biel, Someone Else Would Have Had To.
Does It Matter Which Pocket The Funding Comes From, Well NO, But
Since IBEX funded they Have Added Incentive To Grow This Company."
BUT - IBEX did not fund Biel, someone else did!
BUT it didn't come from IBEX or Whelan pockets!
IBEX did NOT fund BIEL - the former CEO learned how to create 10's of billions of shares from thin air using a scheme a couple of financial guys from NYC shared with him on a BIEL loan they made and cleaned up on.
He adopted it using IBEX, instead of them, rolled it out and the rest is known. Wow, did he have added incentive to grow this company. It's called printing free shares!
Is it plausible, to anyone with a curious mind, to think that that testimony under oath before the SEC that no one could remember how much money IBEX originally loaned to BIEL, was anything but systemic avoidance?
Nope, can't remember! Nope, sorry, dog ate my homework. Not my fault, I was just following orders. Must have been someone else. My sister broke that.
Two smart people, one a CPA, can't recall or satisfy any SEC questions as to the amount, or lack of amount of the principal of the first IBEX revolver loan? Absurd! And there's no paper? No bank record? Absurd! Wish others had been asked...
Here's an area the SEC should have probed. If not one witness, "hmmmm, nope, can't remember", produced answers, how about questioning others at BIEL AND IBEX with knowledge, AND THE LAWYERS AND THE TRANSFER AGENT?
Might that not reveal all the information and paperwork concerning IBEX/BIEL loans and Promissory Notes and shares? Without such proof, how can IBEX own even one note or share, at all? As I said, wish others had been asked... And they know to this day.
As previously stated, a number of people discussed the IBEX/BIEL revolver scheme with the former CEO. A number of them know exactly how and what transpired. What I have done is try to give the current CEO the opportunity to create a lot of wealth for her family AND, well, the rest is very clear.
If it were me, I would do whatever is right to raise the company out of the toilet of the 000's AND apply some air freshener to clean out the former antics, at the same time. The very cool thing is that not knowing how to do the right thing can never be an honest answer if more questions arise.
You 'get it' Sir..... scary to think that is not the prevailing sentiment, it is so simple.
To fix the share structure immediately is a terrific way out of potentially being considered a serial pickpocket of shareholders for the balance of a lifetime, as was the case.
I have kicked this around with an ethics professional and there was overwhelming concurrence, as a perfect way of transparently undoing the blatant sins of the past, with little or no risk, high odds of major wealth gain and to wipe the slate clean. The thought was that denial, defiance, guilt and fear prevailed for many years.
Now, it is just an integrity and moral issue to undo the past. That's why I call it just doing the right thing. 65 billion shares, tens of billions in IBEX, in fact, the majority, is far, far, far from the right thing.
The whole point is ....just the Whelans....they were the only ones, lenders, who didn't originally lend the company real money. It was an air scheme. The few note holders you refer to put up real and extraordinarily high-risk dough, with zero collateral. Nothing!
Don't be so sure they would have. Common sense and doing the right thing for the common good of others are often highly elusive and for numerous reasons.
As to moving on to something else, perfect, I'm good right where I am. What I'm trying to elicit is that by doing the obvious right thing now just may avoid a huge mess called accountability for many years of self-serving scheming against shareholders using air.
Total no-brainer, just good old common sense. Prior posts illustrate the actual numbers of how the Whelan family could engineer a huge score if the current CEO restructures the convertible notes IBEX holds to conventional interest-bearing debt. Please see post 212921, February 3, 2020..... in part . .
"You can see that 35 BILLION shares at .0009 has the same value as 7 BILLION shares at .0045. So, when the stock goes to a few cents, say 3 cents, because it is no longer bloated and struggling against 62 BILLION shares, the Whelan's 7 BILLION shares would have a value of $210 MILLION........"
Even if she want to keep a portion in conv. notes to score a few billion extra shares, I wonder if shareholders wanting to scream murder to the SEC would be ok with her keeping 7 billion shares or so, as shown above and in the prior post. That would be smart as hell and who needs another tussle with anyone, shareholders or Regulators. BIEL has had enough very costly controversy to last 10 lifetimes!
That way, she avoids the ridiculous 60 million share-plus threshold, giving the company, all shareholders, mostly the Whelan family, and the share price a solid chance to run hard and long, with greater share price sustainability at the top end, after deals are announced. Beats falling back into the toilet because of an absurd share load.
Some would say, announce the deals first, see the share price reaction and amend share structure later. Kiss of death.
It's new money, new investors, excitement in the future, the situation needs, not the same old, 'oh, the Whelans are helping themselves again'. Very few in their right minds are going to play in trading a breakout stock like this, after deals are announced, while carrying 60 billion shares - it's like setting the table after dessert, the food's all gone. Nope, set the scenario properly, amend the share structure first and look like a hero when it runs hard, instead of like a fool, when it stutters and struggles for a while and perhaps falls out of bed again into its toilet stall, because of the 60 billion share number. To not do something first looks self-serving and amateur, but if she is proactive, she looks like a hero. Can't lose!
Perfect. Point proven!
"23 Billion Shares Outstanding X $.0006 = $13.8 Million
Same as
2.3 Billion Shares Outstanding at $.006 Per Share
Same as
230 Million Shares Outstanding at $.06 Per Share"
Same as 65 billion shares outstanding at $ .000212
The Market Cap value doesn't change, the Share Price does. IBEX converts convertible notes, company issues many billions more shares and Share Price plummets, farther into the toilet!
Thanks for clarifying. IBEX changes Notes to conventional debt instruments bearing interest and Market Cap, of course, remains the same, so does number of share and therefor so does Share Price! Deals are announced and away we go! No more sounds of flushing toilets.....
The share price would most likely drop significantly below $.000212 because the market would discount the SP because of the significantly higher number of shares - a real nightmare! Not to make the changes would be considered a breach of fiduciary duty and self-serving, both very serious breaches of management responsibility. Let's see if the right thing is done, or not. Wouldn't surprise me if discussions are underway, if for no other reason than to avoid Shareholder complaints and more SEC scrutiny and involvement. That's the last thing anyone needs.... Tic toc . . . .
Nooo, BIEL is in the toilet for many reasons associated with the former administration and the shares structure nightmare schemed by the former CEO. Many have pleaded with the current CEO to simply change the IBEX convertible notes to conventional debt, to no avail, as yet.
Doing so expunges 10's of billions of potential shares, on conversion, IBEX gets paid its' alleged, possibly contrived and therefor immoral loan, and the share structure is less burdensome, helping all shareholders, when deals are announced. Share price will run longer and higher, with greater sustainability, with billions less shares. Only LD's on Wall Street wouldn't see the logic.
Email BIELback
Yes you will Gramps and everyone here is solidly with you!!!!!!
Got to be kidding.....those saying "shoulda, woulda, coulda" at $.02......
Soon
Can't wait for the huge regrets at $.02 and more......to be met only with all-powerful....silence.
Soon....