That meeting was a joke imo. Softball questions, and the usual deceptive ambiguous responses for the most part from Andy the CEO that we've heard for years over and over again.
I admittedly was VERY surprised he admitted there would be more dilution to come though (like 6B shares isn't enough already!), I don't think he intended to let that one slip quite so openly, but am even more amazed that it is being virtually ignored by the cheer squad here... well maybe I'm not so surprised - I think some of the cheer squad here would find it a positive if Andy declared bankruptcy tomorrow, LOL!
The one question that was really important was regarding UK sales, and gee how convenient that our fellow shareholder 'forgot' what Andy's response to that one was.. *cough* *cough*.. it would not surprise me in the least if our fellow-shareholder is offloading as quickly and quietly as he can today and over the next couple of days... I know I would be after that discussion.
So there it is, right from the horse's mouth - the only DEFINITE thing from that discussion that shareholders have to look forward to is MORE DILUTION, so don't say you weren't warned.
The responses being touted as 'positive' here are the same ambiguous responses and lines Andy has been feeding shareholders for YEARS. There is no buyout or JV on the cards because nobody is interested imo, not because Andy wants to keep control.. lol - I mean seriously, what company would want to have a piece of BIEL when BIEL have alleged distribution networks all over the world for YEARS and STILL can't make any positive ROI.. and with the market cap as low as it is, if some company really DID want BIEL, they could take it tomorrow so easily it would happen before you knew it.
Andy should have taken the alleged offer he had years ago before these bigger companies realized what is going on here. No way they would touch this now imo.
The fact the pps closed RED today after that joke of an interview shows clearly that most investors (outside of this board) can see what is going on and are dumping this dog, as they should have done long ago (myself included).
Imo this company is nothing more than a cash machine for Andy and his family, and shareholders are the (apparently willing) victims. Don't expect that to change.
I will say thanks to Jimzin for posting his discussion with Andy though, and confirming what I already knew. Thanks bro. Nice job.
