Your history lesson is well taken. Now we have Sean doing essentially what you recommended in working with a sales entity put together with proven talent and with industry contacts and experience. Sean is doing this on a shoe-string budget with right people.
Your concern about "why they don't push the share price up" is my concern also. IMO, pushing the share price up without an increase in the fundamental value of the company may not be a long term positive result.
Raising share price is not where any effort should be focused by BI management. Focusing on raising share price, when this is a developmental stage company, has little, if any, benefit to long term shareholders and may be negative to long term investment. Not what you would like to hear. I will explain in simple terms why.
In simple terms, share price is determined by fundamentals and expectations based on perceived changes to fundamentals. There are a few other influences I will ignore for now. Development of Kryron with NIJ cert was an increase in assets (fundamental). A small increase occurred with demonstrations at GE and the spray. The price increased with each PR and then drifted down again from a lack of following through with sales. The fundamental value of BI has slowly been dissipating with time as more stock was issued to pay bills. The bump up from BIW was small if any because the market no longer believes the perceived changes deserve much value.
Enter Sean Floyd in place of JB. Even the perception of Sean taking over increased confidence in what fundamentals are left.
I don't see the price increasing much until there is a positive change to the fundamentals. Sean's efforts should be committed 100% to increasing the fundamentals. He has taken a major step in the right direction to do exactly that. When 2-3 POs arrive and can be accepted and are performable, the price will start to move up on both fundamentals and expectation on the delta of fundamentals.
Your history lessons are entertaining because they are about essentially a different company. There many grieving about today's price, myself included. On a grand scale, today's price does not matter for any investor who is in for the long haul. The difference between 1 cent and 10 cents is a small percentage of what we have invested. An investor realizes that loss if he sells. If the price went to zero his loss would not be much more than it is today. I stay because I believe the fundamentals of BI are going to change.
IMO, hearing what JB did or didn't do does not change anything today except tell us how we got to the current price. We are here at today's price. We are investors not employees of BI.
An investor or interested party that believes BI products can save lives and make things better in this world with the spray and wire, may choose to stand on today and look forward. Looking backward is ugly and has no value except to promote drug and alcohol sales.
Every minute Sean spends on defending problems from outside the company is a minute he does not spend on making the company better.
We can't change what happened in the past with JB or anyone else. We can only contribute to good things in the future with Sean.
I am certainly not saying that I believe there should not be anything negative posted. If someone finds something that looks negative, and they think they have facts to back it up, then they should post it. It generates much emotion from the emotional folks, which is entertaining, and it generates more DD effort by others which is a good thing. The traders will undoubtedly continue to pump and dump but that is the nature of stock market participation.
It is in investors best interest to support Sean and BI or realize our loss by selling. In either case let's move on.
Regards,
Flatcat
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