If our DD and our assumptions/speculations are correct, there will be a lot of smiling, when identity of the 4th entity becomes known.....
Now if the BoD will just deal with the silly share structure the former management allowed to explode to incredible size. That was then, this is now.
Every positive move KK Whelan and fellow Directors make, no matter how small, will lead BIEL and ALL its Shareholders to better times.
Amend the IBEX and any other Whelan loans from convertible notes to conventional loans with interest. That takes 10's of billions of potential shares out of the structure. Rule #1 - never, ever be greedy, it will bite you in the butt!
Then the 3 deals announced recently, whomever they are with, will mature a little, as marketing strategies are firmed up and plans are released. The sales force of the 4th deal announced is then fully trained and that identity is announced.
Meanwhile BIEL will be gearing up its processes to feed the OEM supply chain.
Then BIEL will have a pretty good idea of a Pro Forma 5 Year P&L. And only then can management submit such a plan to the BoD for assessment and approval.
The BoD can assess if and when, best timing on a possible RS. Carefully managed, with the expertise of Dr. Staelin and CPA KK PLUS the upside of a potential 'positive announcement' run, while Keith Nalepka and the sales crew are hammering on other doors, chasing additional deals.
Looks if the next 60-75 days are going to be busy days at BIEL. Good, its been languishing in the toilet for 10 years before last November. Welcome to profitable success, beats hell out of the toilet!!
I recall advising, no pleading, with former management to just make, please make, the first deal and the rest will come. Wouldn't hear of it. Nope, wanted the Grand Slam homer and only my way or no way. And the rest is history. That was then, this.....etc.
Fix the share structure KK, continue and do not lose the momentum of good news and everything will work out just fine. Only thing that matters now is do not drop the ball....
Sleepin like a baby.....
