Let’s all agree. The loyal shareholders of BCLE have been fooled. A case in point. Has everyone read the words of confidence and wisdom by Mike Roth, CEO and President, posted on their website (biocleaninternational.com)and dated February 11, 2011? This was the first substantial communication from BCLE management after February 2010, when Mr. Roth assumed the leadership position, and occurred nearly one year after the resignation of James Shipley, his long time associate. Personal conversations with Mr. Roth and email documentation indicated that he was completely unprepared to assume his new position and uninformed about the company, its’ operations, or past history. Why he accepted the position is a question that needs further explanation.
It is now many months after that and the following items in this letter are still pending: 1) The postings on Facebook are two and contain wrong company information and no details about company activities; 2) There are no postings listed on Twitter; 3) There has been no PR or annual report to confirm the significant revenue from the Joint Ventures referred in the letter to bolster their fundraising efforts. What is more important, “What did BCLE have to give, i.e., assets, stock, etc., for any agreement for the Joint Ventures"? It was recently stated in a PR that BCLE would have to assume some of the debt of one of the companies. Did a dilution occur? 4) There has been no major changes in important status of the company in the OTC documentation since 2009; 5) He stated, these matters would be resolved in a short amount of time and they have not.
Referring to the shareholders, what did he mean that he appreciated our patience? Does he really expect any shareholder, or potential investor for that matter, to believe in the credibility and competency of management after such treatment, not answering his phone, no further updates or comments, referring any answers to email inquiries (info@biocleaninternational.com) be provided by the company attorney, and failing for over 9 months to follow through on those items emphasized in his letter? Who else does he work for? What other companies does he own or manage? Is BCLE a full time position for him?
Mr. Roth needs to reexamine his efforts and any plan he has to move the company forward. As head of the BCLE management team, his ultimate responsibility is to the shareholders which appears to be surely lacking in scope.
