When you do the necessary DD to logically speculate who they are, it will all make good sense.
Only thing left is for KK Whelan and other directors on the BIEL BoD to work with IBEX to change the convertible loan between IBEX & BIEL to a conventional loan.
Hmmmm, KK Whelan may have to recuse herself from that whole process because of multiple conflicts on all sides. CEO, Director, CFO of BIEL plus sole owner of IBEX??? C'mon.
Legal scheming by former CEO??? Maybe, maybe not. With the former CEO not 'technically' part of IBEX, the familial conflicts were definitely stinky. Now, it's far worse, KK is directly involved and controlling all sides. No worries, she will understand she can't be involved at all, on either side, because of multiple huge conflicts.
S'ok, the process of fairly fixing the share structure, so her personal gain is not the headliner should take 10 seconds. It's called, 'make it happen', because it's good for all shareholders, fair to both companies, allows everyone, mostly the Whelans, to make mucho more $$$, with BIEL sp rise, and gets the eyes of complainers and the SEC off her back.
Away with the stench from the past and let the stock fly with a repaired share structure under new management and BoD with integrity. There is no amount of legal advice or accounting advice can make the current situation, inherited from the past fiasco look or smell ok. Stuck in the $.000whatever stinky toilet, after the amazing Chairman's announcements of deals and $$$, is the proof. Fix the stinky perceptions!
