Dr. Koneru’s return to BIEL as a member of the board is highly significant imo. It’s likely that there has been ongoing contacts between Sree and BIEL management since his departure as BIEL’s VP of Product Development.
The difference now is that any past communications between the two parties have become formalized henceforth .
Why now?
Looks like Sree left BIEL on very good terms. Looks like his expertise is highly valued, that he’s trustworthy, but most importantly, that there’s something that both parties see as mutually beneficial, and that necessitated a formalized appointment.
What has Sree learned since his departure from BIEL? What new contacts, networks, professionals, has he interfaced with since leaving BIEL? What does that bring to the table for him and BIEL?
Is it possible Dr. Sree Koneru is “naive”, “dumb”, or a “pumper”? After all, those descriptors have been pointed out enough times by a few here relative to BIEL’s dire financial situation and whatnot.
Oh, maybe he hasn’t seen the financials? No, I bet he has. And he sees something else.
Dr. Sree Koneru sees the future. He is an honorable man and professional. And now he’s seen with BIEL. Again. Amazing!