Tuesday, March 17, 2020 2:50:51 PM
The Whelans need to 'disappear' 28 billion of their 35 billion shares or so, reduce their holdings to 7 billion, protect the Corp from hostility by aligning with 'friends' and make a ton of money when deals are announced. 35 billion shares at $.0009 is the same as 7 billion at $.0045, so, if 'disappearing' a lot of the stock IBEX received as a result of churning the revolver financing model allows the stock to climb to a sustainable spot in pennyland, versus not, then just get it done! Remaining in the toilet bowl versus sustainable pennyland!
No question, in my mind, that BIEL could be a guiding light out of the cauldron of CV despair if the share structure is fixed and a turnaround announced at the same time as one or more deals with majors. Announce the steps taken. Announce an expanded BoD. Such announcements and a broader distribution of news of ActiPatch, FDA cleared, USPTO patented, drug-free, side-effect free miniaturized pain remediation device? Bye bye toilets! Stock soars!!!
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