How's GNID Basile working out for GNID Shareholders. Kind of miss GNID Insider's POMPOUS LECTURES...
Mr. Basile has over 20 years of experience in the design, manufacture and marketing of fingerprint products both for the professional healthcare and home security markets. Mr. Basile has founded and taken public several other technology-medical companies focusing on biometric fingerprint design and integration into products and systems.
Mr. Basile won the 2001 Smithsonian Award for Advances in Medical Technology for developing a fingerprint identification, access and retrieval system for electronic medical records. He also led one of those companies to a $460 million dollar public market cap. During his tenure as CEO at bioMETRX, the company pioneered a line of fingerprint home security products, culminating in over $14 million in sales in its first production year. Mr. Basile was also an original founding member of the E-Health Alliance – the worlds largest trade organization located in Washington D.C., focusing on electronic healthcare initiatives with all of the largest healthcare companies and organizations. Mr. Basile was directly instrumental in raising more than $45 million dollars for his prior companies and coordinated corporate takeovers of some of his companies largest competitors. Mr. Basile joined the Board to assist the company in expanding its product lines, developing strategies to broaden markets, restructure and reorganize the company to create and improve shareholder value, and to facilitate raising capital for operations, design, manufacturing and for marketing and sales initiatives.
Mr. Basile is also a noted Chapter 11 Reorganization attorney from New York with over 25 years of legal experience including corporate restructurings, workouts as well as having been an adjunct Professor in the Legal Studies Program at Barry University in Florida. Mr. Basile received a B.A. in Economics from Hofstra University in 1985, and earned a J.D. from Touro Law School – Yeshiva University in 1988.
The Problem: FAILURE by a CEO in PENNYLAND, is not only an Acceptable Practice, it REWARDS a CEO... It's much EASIER for CEO to make money selling Company shares, than Build a Company.
