All well said 3^. Very informative, thank you.
No question in my mind KK Whelan, new CEO, has a different company and better team to manage operationally. With the eminent Dr. Richard Staelin returning as Chairman. my instincts tell me they are 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 her family members that will totally undo the past, in which I believe, she was also a victim. She can fight that, 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 BoD and KK seeing the light to change the current IBEX convertible Promissory Notes to conventional interest-bearing debt. Keep enough to allot the Whelans 6 or 7 billion shares, I don't care, actually probably well-deserving, but avoid the other 10's of billions of shares, that will be issued as a result of the convertible notes they hold, at the moment. If they don't, the Whelans and all Shareholders will lose out on the available upward momentum and sp sustainability.
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.
When? Soon . . . . sleepin like a baby. Protracted silence means good things coming . . .
