In response, this is not speculation or a "best GUESS".
I would be totally astounded if BIEL reached even 1 cent, never mind "10 cents", with the documented capacity of reaching 65 BILLION shares or so, with the IBEX, St. John's, Whelan family shares generated by their convertible notes, taken into consideration.
All of which is why the Whelans should consider immediately changing their notes to conventional debt, go ahead, keep 5 to 7 billion shares and allow the sp to fly higher. Then, your "best GUESS" of a dime starts to make some sense. Math works, business wisdom works, everyone wins.
And don't listen to whispers of hostile takeovers, other real money lenders relinquishing shares, voting loss of control or other such inexperienced nonsensical fantasies. The share structure is out of whack, thanks to the former totally inept and defiant dictatorship management.
65 BILLION shares, no one in their right mind does that to themselves. And no memory or record of the nominal amount the former CEO engineered? That's not just self-dealing, it's short-sighted self-harming and all shareholders remain badly hurt, mostly the Whelan family! But, the fiduciary duty responsibilities were to minority shareholders! And, lenders of real money for convertible notes got hurt too, everyone owning anything BIEL is undersewage.
Thank goodness for Dr. Sree, Keith Nalepka, Kelly Whelan and Dr. Staelin, in the past. Without their pushback, although futile, all those years, we would be even further in the toilet, than we are, or broke, with the retarded share structure. Have a nice week in the toilet, fellow shareholders. And keep those masks on, it's stinky down in the triple Z basement.
