Tuesday, August 18, 2020 10:14:24 AM
We should be thankful for BIEL management Ver:2.0. Go, go, KK, do the right things for shareholders.
Canceling that Promissory Note interest only achieves some partial good. Smart move, but it also reveals something with the IBEX notes needed serious fixing for PR purposes with shareholders, no other reason for doing it! Proof it was ineffective? The sp remained firmly in the toilet.
But, it's not the interest component, it's the conversion! The interest holiday is a good first step, but converting the notes to simple conventional debt will relieve the massive share structure that is keeping BIEL in the toilet! Make it happen, all eyes are waiting with keen interest. Stay in sp toilet or let it rise? Hero or continued Villain?
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