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Sunday, June 21, 2020 10:19:18 AM
On to serious consideration of expanding the BoD, now led by Dr. Richard Staelin. And tweaking the IBEX debt structure to help relieve the toxicity of 65 billion potential shares, when all Promissory Notes are converted.
The Whelan family will end up wealthier, if the stock runs higher as a result. Big if? I don't think so. I would rather have shares in a more nimble company with a smaller ss, than BIEL, which is bloated beyond belief after tens of billions of shares have been engineered through to IBEX.
As KK Whelan herself testified, under oath, the Whelans have taken many millions of $$$ out over the years, as a result of IBEX.
She can remain a Pariah, in the eyes of some or a hero to all shareholders, by simply doing the right thing and she will be wealthier. And, between enlarging the BoD and fixing the share structure, BIEL will no longer languish in its' 10 year toilet, the 000's. Then, when a deal is announced, HODL.
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