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Wednesday, January 09, 2019 12:07:20 PM
Things can not continue as they were and oddly enough we have the SEC to thank. With the SEC Settlement, for less than one tenth of the original monetary penalties, AW can no longer participate in stock offerings for a period of 5 years.
That means if AW wants to remain in the CEO position he can't fund the company by selling shares, holding out for that perfect deal. He would be Ok with KW stepping in but she has the same restriction for 1 year. This necessitates a change in business operations.
KN would be a great CEO IMO, if he was given control and wasn't just a placeholder carrying out instructions. Still it is hard to see AW giving up control of BIEL as it is his creation.
We come to option two. AW stays in place, changes his 'my way or the highway' attitude, and consummates a deal that brings operating cash into the company. This is most likely IMO.
So change is coming in some form. I am confident enough that it will move BIEL in a positive direction that I still hold a substantive position which I have added to over the last 40 days.
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