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Wednesday, May 27, 2020 12:05:15 PM
Run your business with your head, not your heart.
Allegedly, shareholders have invested $30 million in a publicly traded non-reporting company. After more than 12 years, there are no tangible sales and losses continue. ActiPatch is not sold off one US pharmacy chain retail shelf. The BoD is made up of 3 Directors, two family members, and there are potentially over 65 BILLION shares, including Whelan controlled convertible notes.
Whelan opinions about how my reflections and suggestions concerning cleaning up the corporate carnage inflicted on the members of the Whelan family, particularly the current CEO, who in my view was also thrown under a bus, and every single shareholder, for well over a decade, are not even on the radar.
None of the travesties of the past can be undone or fixed, except fixing the make-up of the BoD and the corrupt share structure. Only then will BIEL have the best shot possible, when a major deal is announced.
There is a lot that remains unknown by many that should remain in the toilet, where the sp has been for years. But sympathy and consideration must be only for the current Whelans and shareholders and lifting BIEL out of the toilet it was badly managed into.
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