3 simple DD questions:
1. Seen or read the alleged NDA's?
2. Date of execution of each?
3. What has transpired since on each opportunity?
Here's even more simplicity. Tic Toc
"No" was the repeated MO of the previous CEO. Why? Sound familiar? Don't like silence, silence means "No!" Why silence as to progress on any deal, any one of the 7 or 8 on the White Board since early October?
Keith Nalepka is attempting to reverse previous CEO "No's" and to pitch the OEM market to generate deals. 4 1/2 months of silence. Is the marketplace reluctant to proceed with deals, due to the toxic past? 4 1/2 months of Marketing & Sales silence has nothing to do with corporate restructuring to get BIEL out of the absurd 10 year sp toilet it's in:
February 20, 2020
1. Toxicity - Whelan name is toxic - a negative past is a huge red flag caution impediment to deals
2. Board of Directors - Whelan name toxic, create new BoD or no deals
3. Share Structure - Fix it fast, as laid out, or lose it all
Silence in business means fear and/or "No!"....Tic Toc
Silence and languishing in the share price toilet, especially after general musculoskeletal clearance, think about that - general FDA clearance, screams loud and clear that all fronts should have been attacked simultaneously starting in October - 4 months ago.
A "Plan" was designed, at the request of the former CEO, last April, 10 months ago, and dropped. The last major stupid "No", as it turned out. Not a matter of blame, the guy was clearly unwell. Close your eyes, imagine what the sp would be today, without 1 share or one iota of Whelan family control changing. Half a dozen shareholders could've led the attack of change and helped Keith steer this thing to 5 cents today, without 180 days crap or Twitter or alienating anyone. Called prudent, innovative, success management, with a pristine, baggage-free, no-nonsense, no drama, corporate profile. Imagine.
