"kelly doesn't use
violence or intimidation, she doesn't need to, the effect of her
greed and incompetence is the same."
I fully understand your disenchantment with the situation- many feel the same way after years of being screwed around.
BUT, KK Whelan, as new CEO, is now running a different company and better team that my instincts tell me is making, creating, progress at a whole new level. Why do I say this? 2 clues everyone can pursue their own DD with. Silence from the company and all my sources on the pharma/retail streets are silent!
She has an opportunity to create a far different legacy....reputation.... for herself and her family members that will totally undo the past, in which I believe, she was also a victim. She may be fighting it, and the truth may still hurt, but her opportunity is huge AND simple! It's the timing that's critical.
NOW, it should be clearly evident why it is so crucial for the Whelans to change the current IBEX convertible Promissory Notes to conventional interest-bearing debt. Keep enough to allot yourselves 6 or 7 billion shares, I don't care, but avoid the other 10's of billions of shares.
They have the most to lose, by not doing so, and the most to gain. The heavier the share load, the more the sp will struggle to rise to its potential and will have less sustainability. They, and all shareholders, will be hit by head-in-the-sand, defiance or gambling. Shareholders have lost too many times to have it happen, yet again.
And anyone suggesting, wait and see, fix the share structure after deals are announced, is naive. There will not be time. Fix the structure now, set the table, complete and announce deals, enjoy the meal. Waiting is missing out and going hungry on this one.
Wouldn't it be great to do just one thing early, after all the painful years of seeing the finish line and unable to get out of the toilet and losing? It's not difficult - plan for a winner and execute.
