Bioelectronics Corp (BIEL)

[Simpsonly]

I like your opinion - I just think it's wisest to remedy such situations first, be ahead of trouble, rather than having others perhaps remedy them through other means available. I've heard rumors that I don't like and personally abhor. When shareholders get angry, things usually get very distracting and expensive. Better to be first!

It's very simple. Corporate management has few basic responsibilities, mandates. 'Fiduciary Duty' is the catch-all of ethical management and it's a wonderful code to adopt. It covers everything from recognizing the rights of every shareholder you have; avoiding business associates who would pick your pocket or steal a company's assets; greed; nepotism; fraud, you name it. And, once the rules are carefully learned and truly followed, doing the right thing becomes second-nature and supports the efforts of management toward success.

It is always healthy to just browse through the U.S. Code and SEC Regs on the criminal and civil guidelines for Officers and Directors on how best to carry out their responsibilities to Shareholders large and small. In Boardroom slang, I first heard decades ago on my first Board, "Put the shareholders big and small first every time and you'll have a good time and never do time." It was said jokingly, it was no joke!