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Wednesday, May 20, 2020 9:05:33 AM
What they have today, from memory and using numbers then, 35 Billion, has roughly the same value as 'disappearing' 28 Billion shares, of 35, and keeping 7 Billion shares and having the sp rise to .0045.
My contention, and that of a number of really sharp people, was that just by fixing the BoD AND the share structure, those steps alone will lighten the company, make it more nimble, eradicate the overwhelming majority of the inherited toxicity and showcase the current CEO as wise and strategic far beyond her years and experience.
Then, with the announcement of the first deal launches the 'new' BIEL far above the .0045 AND provides sustainability to the sp.
All shareholders win, Whelan family wins biggest. Maybe the KK Whelan gambit is to hold on and hope the sp sprouts wings, huge risk with a toilet dweller.
The reverse is likely if those fixes are not implemented before a deal is announced. Company still sitting in the toilet it has occupied for years, with a 2 Whelan BoD and the family hoarding 35+ Billion shares and may languish in the low 00's with a ho hum by the market. I would rather own 7 Billion at 3 cents, with lots of potential, thank you.
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