Bioelectronics Corp (BIEL)

[Simpsonly]

You may be correct that the current CEO has indeed worked and reworked all the numbers, being a CPA.

Deliberate decision to do nothing, "by design"? If so, what is the motive to do nothing?

"There is only ONE PERSON who could possibly change that perception. Unfortunately she doesn't seem to see the need to do that, maybe because she has her bases covered? Oh she knows the numbers,and how they will affect her, she's a CPA. So we will sit and swirl. It's all by design, IMO."

There are 3 issues; 3 tactics IMO.
1. Fixing the BoD by enlargement to get rid of the nepotism and improve governance substance;
2. Fix the absurd and corrupt Whelan benefitting share structure schemes by the former CEO; and
3. Make the deals necessary to realize sales and profitability.

Doing 1 and 2, before deals, assures a longer, stronger run with good sp sustainability. Everyone makes more, mostly the Whelan family.

Doing only 3 is to avoid fixing the share structure, in the hope that a modest sp increase when deals are announced, will cover-up the fact that doing all 3 is best. That, of course is greedy and shortsighted.

"If I can just hang on and not take the smart tactic to fix the share structure, then I'll keep all our shares and be more wealthy."

Laughably wrong, self-serving and in flagrant breach of fiduciary duty! So simple to manage with integrity. And so obvious when not. It has to do with character, but, in this case, the Whelan family will be much less wealthy, by NOT doing the right thing and managing effectively.