"There will likely be opportunities to buy BIEL more cheaply in the next 3-6 months, as another $825k in CBs will mature in the coming months which translate into at least 1.1 billion new shares."
Yes, "at least". Over 1.85 BILLION shares to be more precise, including interest.
"$1.35 million worth of CBs will mature in 2H2021, leading to another 2billion in shares."
At least another 2.8 BILLION shares, including interest, making at least 68.65 BILLION shares. Time to fix the share structure? Soon!
Only 1 fact - SP closed at $.0008 last Friday, with FDA Clearances overflowing the filing cabinet drawers. Foot, Knee, General musculoskeletal. SP closed at $.0008. Fact.
SYNOPSIS OF THE 7-STEP MANAGEMENT REMEDIATION PLAN DECEMBER 2019
1. SHARE STRUCTURE - Crippling forward progress
2. TRANSPARENCY - No Twitter, announce only material progress
3. FAIR OFFERS TO SHAREHOLDERS - for any internal financing
4. TOXICITY - Get rid of the decade-long stench
5. BOARD of DIRECTORS - Make it 7 Directors, appearances count!
6. COMMUNICATION NALEPKA KONERU - No one else
7. NEGOTIATE/SIGN DEALS-Deliver on all promises! There's a concept!
1. SHARE STRUCTURE - Immediately revise the outrageous shareholdings of the Whelan/IBEX/St. Johns on conversion of all Promissory Notes of around 62 billion shares. The Whelans would own around 35 billion of that 62 billion or 60% +-. Reducing their shares by 28 billion, to 7 billion, new total becomes around 34 billion, they would then own 25% +-. Some say it should be reduced to 3.5 billion, whatever it takes to repair the previous damage. Would you rather own 60%, 35 billion shares, of a crippled company worth nothing and going nowhere fast, or 25%, 7 billion shares of a company under restructuring, that could be worth untold hundreds of millions of dollars?
This brief analysis may help. It illustrates that after disgorging 28 billion of 35 billion shares and reducing the Whelan holdings down to 7 billion, the sp only needs to rise to .0045 for the Whelans to be in exactly the same position they are in now - the toilet! With the increased upside of a company with 34 billion shares out, not 62 billion! Simple.
Whelan Simple Disgorgement of Shares
62,000,000,000 Existing shares 7,000,000,000 New Whelan share #
35,000,000,000 Whelan controlled
$0.00090 Price $0.0045 Price
$31,500,000 Value $31,500,000 Value
28,000,000,000 Disgorgement
It's called owning a smaller piece of a bigger pie! Only fools don't change their minds. For some reason, the Whelans refuse to see the logic, smaller piece, bigger pie! Called fear. . . tic toc . . . . .
