I have included the following management and leadership adage in several speeches. . . . .the little things you pick up along the way.
"People will always forget most of what you say to them . . .
People will never forget how you made them feel"
The toxicity of BIEL is directly related to how the former CEO made others feel constantly. Buyers, senior members of management of several major companies, FDA staff members, shareholders and service providers over a span of 12 years, that I personally know of were demeaned by the smartest guy in the room at all times, for years. And yet ActiPatch has survived that abuse. A testament to the device!
When I say toxic, I mean like sulfuric acid on your skin. People are reluctant to yell and scream and publicly reveal their feelings, but many shareholders and the others listed above are really angry. People never forget being embarrassed and demeaned, they mostly remain quiet, but they never forget! So, change things. Present a new profile. The name must disappear, how simple can this be? Call me? Why, the situation is indefensible, only to be judged by the share price - .0008 and the still defiant position that nothing will change. Call me! And this is what I'll tell you! Now, how intelligent, how dignified, how professional is that for a CEO of a public company to even think?
But, the toxicity and the share structure keep BIEL in the sp toilet, 12 years!. How much intelligence is required, if management is competent, to figure out that the best way forward is to fix both? Or is self-interest the guiding light? Hmmm? Is the trading price of BIEL still in the toilet in the 000's? Why? When it should be in the pennies already. General FDA musculoskeletal clearance, what!!!
What is confusing about fixing the share structure in such a way that the Whelan family holdings at around 35 BILLION shares @ .0008 are worth the same as 7 BILLION shares at .0045? A reduction of 28 BILLION shares. Would you rather have money invested in a company with 62 BILLION shares or 34 BILLION shares? Remember, while we are all in the sp toilet, so are the Whelans. You would think they would at least see the way to best help themselves . . .whatever helps them helps all shareholders!
SYNOPSIS OF THE 7-STEP MANAGEMENT REMEDIATION PLAN DECEMBER 2019
1. SHARE STRUCTURE
2. TRANSPARENCY
3. FAIR OFFERS TO SHAREHOLDERS
4. TOXICITY
5. BOARD of DIRECTORS
6. COMMUNICATION NALEPKA KONERU
7. NEGOTIATE & SIGN DEALS AND DELIVER ON ALL PROMISES!
