Correct SRIN.
SEE POST 233569 for details re adding in Legal and Transfer Agent fees, both of which are required. More losses for well-intentioned lenders and many, many others.
There are many more convertible notes that left people under water and holding useless paper. Suppliers, many employees, consultants, you name it. All under the former management.
And again, please take note, no one complained or whined. In every case, they took the hit, if they didn't convert their note to shares and couldn't sell them OR, if they did sell them and took a 50% haircut from the Brokers.
To be totally fair and transparent, and there is zero obligation, in this regard, I have offered up several times that the current CEO was a victim.... she will never say so; too close, too painful, too sensitive to go near that and say so or admit to that.... But, I will, trust me, she was a victim, for decades.
She has not asked for any slack, nor was, or has, she been given any. Fact, she has paid a huge price, every day, over and over, as a victim. I confronted and asked the former CEO, over the SEC debacle, "how could you have done that, put her through that?" Silence.....no answer, just more silence.
It proved to me that the unconditional love of a child for a parent is far greater than the reverse.... And, to my knowledge, she never complained or whined publicly, she took the hits, just as we all did.
I may have come close to the line, but I had a sense of a need to help to level the playing field, even a little. I've never met or even spoken with the current CEO, but I am aware, what's the word? Woke?
And, being woke, why I know that the interest holiday was an impressive first step and why fixing the share structure, by changing all current Whelan related convertible notes to conventional debt is the most critical component in cleansing all that needs to be cleansed to remove the decade-long stench from the past associated with BIEL and the toilet it was placed in.
That will allow a tiny, magical pain device to help many tens of millions of pain suffeters and create a ton or two of wealth. And cleanse in other respects too. KK, tear down that toilet!
When? Right now!
