Biocentric Energy Holdings, Inc. (BEHL)

[el_loco09]

One thing I have been seeing that drives me up the way is the constant battering of Dennis Fisher. Point of that statement is, the people who are being commended (the thieves etc.) are the people who did not do thier jobs dilligently and are at fault as well, if not more than DF. I say that because DF wanted the company to succeed and he had drained many avenues that were once available to continue his trek.

I disagree for the following reasons:

1. He painted a picture for everyone that made you think he had a low cost working product that was on the verge of producing revenue from direct sales of the PBR and on-going revenue from the products that came out of those PBRs and the management of the PBR's for clients. The reality is that the company never got close to this point. It was a start-up research and development company at best.

2. Under the false pretense of point 1 he authorized millions of new shares and sold them into the float while telling shareholders he would not do this.

3. A whole lot of the money from the sale of those shares is unaccounted for.

4. It was his job to hire talent, pay that talent fairly and manage the company. He failed at that and even in the middle of failing continued to sell shares and misleading shareholders with fairy tales about great partnerships ala BNPD.

If my company couldnt pay me and I didnt believe in thier system (mind you they held high positions with vast knowledge of the company) I would run the first day they couldnt pay me. I have obligations that I will not let lapse. If I did, I would blame myself, not someone else as its my decision.

Even if you believe in what the company can do you still have "obligations that you will not let lapse". Isn't it possible that that is the situation these employees found themselves in? None of us really know since we were not there in the office. And, look at the way some people hold onto their shares like there is still hope. How much harder would it be to let it go if you were an employee trying to make it happen?

An honest man would have folded the tent when it was clear that funding could not be obtained to get the PBR to commercial ready status. Instead, Dennis sold shares and painted a false picture of hope. He is not an honest man.