Bioelectronics Corp (BIEL)

[Simpsonly]

Interesting read - March 12 post #28717.
My first mention of Founder's Syndrome.
"No", "My way or the highway", stubborn, defiance, blame all others, suppliers, employees, stupid customers . . . are all part of the simple syndrome. Add in a large touch of the 'Biden Syndrome', we are seeing unfold before our eyes, and you have the scope of the problem. And, it never gets better! Ever!

Successful CEO's of public companies have a history of successes during their careers, partly formed by watching and listening to others. They are an amalgam of good planning, negotiating, delegation, deal-making and good timing. No place for the inexperienced or inept.

Fixing BIEL and positioning it for success, after 15 years of ineptitude and a cantankerous former CEO, is a walk in the park, by comparison. Smartest company owners are those who bring in the right people, like Keith Nalepka, and then leave him alone to get the job done. Didn't happen. February 2017 was the issuance by the FDA of its clearance for the foot and knee and not one deal since - 3 years of Doctor No! 6 months since the former CEO opened a huge door for BIEL to succeed and not one deal since! Without deals, no sales! Brilliant device ActiPatch, huh? Who says, "No"? Crazy, unglued says, "No", that's who! Deal-making is an art form, closing deals is an art-form, ask Keith Nalepka, he's been selling and closing deals for years. Make the first deal, others will follow. So simple.

Fix the BoD, fix the absurd share structure. Fix the Founder's Syndrome, fix something, cause this ain't workin, by the current CEO's recipe for success - 180 days! So simple.