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Friday, April 17, 2020 9:57:06 AM
"Yah, got into a spot of trouble with the SEC a while ago, no big deal, couple of hundred thousand dollar fine and barred for a year from anything to do with penny stocks and maybe half a million in legal fees. It was nothing compared to some of the big boys like Pfizer and JnJ, they get fines in the 10's of millions. Hey, I should've asked, when do you want me to start?"
"Uhmm, we'll get back to you...."
There is zero difference in the amount of the fine and the length of the SEC bar - prison whites are prison whites, they both have numbers, 3 years or 100.
My point was that whatever the CURRENT CEO can do quickly to increase the BoD, ask her mother to retire and fix the outrageous share structure will eradicate the toxic stain from the past still stinking up the joint. It shouldn't be, she and the employees, the company, all deserve a fresh start! His legacy is in concrete, she can form hers as a stand-up businesswoman who did the right thing.
The SEC debacle was not the BIEL team and not its shareholders and bot her - she was caught in the crossfire, as the former CEO was 100% in charge. I asked the question, at the start of the SEC debacle, "Who does that?". This is now HER moment to put the past where it should be, in the past and position ALL shareholders for a longer, stronger run on deal announcements, with much stronger sp sustainability. Only fools don't change their minds....
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