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Re: pennytiger post# 205259

Thursday, 11/21/2019 1:47:23 PM

Thursday, November 21, 2019 1:47:23 PM

Post# of 330904
If folks knew how few transactions and how few dollars had been transacted involving independent shareholders and how many such transactions had involved others, since 2008, there would never be another word said or written about the matter. No question that without such transactions, the company would have closed sometime around 2010.

Only thing left to ensure the success of BIEL is serious consideration of the need for Whelan interests to surrender and cancel say 28 billion of approx 35 billion shares they own/control thru IBEX and St. John's (Andy/Patricia Whelan) and retain 7 billion shares of the total 62 +- pool.

By doing so, the probability of Whelan immense wealth rises significantly, as the total pool would become 34 billion or so shares, down from 62 billion shares +-. Without such a reduction, the current bloated toilet pool of shares remains at 62 billion shares. Would you rather own 35 billion shares of 62 billion shares trading in the toilet and strangled or 7 billion shares of 34 billion in a much more nimble and dynamic company? And if the latter better ensures your wealth-building?