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