I agree that full clearance could make the company more attractive in terms of partnering/licensing, and even a buyout. But full clearance is essentially already in place overseas, and that has not resulted in any meaningful and consistent quarter over quarter sales. It was said that would be a game changer resulting in consistent and exponential sales.
In these States, deals were supposedly on the table and not agreed to by whomever. Let’s assume they were unfavorable to BIEL. Would we have generated more interest, $$, partnerships among the competitors of the company that we signed that first mediocre deal with? Would that signing lead us to future good deals and growth as others compete for the right to partner/license our products given the door has been cracked open by BIEL with that first signing? What is that worth?
The "danger" is that since we have not capitalized on current approvals here or elsewhere for whatever reason, given that we have a clearly disruptive technology, given that the PPS is ridiculously low, given that full clearance may come through at any time, and given the uncertainty regarding a CEO and Board, I believe we are at risk of a buyout. Not what I wish for right now as that buyout would not be from a much higher PPS we should be at given the clearances we already have.
Instead of the Ferrari some want, they might left with a very expensive new bicycle for all the years of support and waiting. Yes, it's always a risk.
What is the company worth? What are shareholders worth? Are they one and the same?
