Tuesday, April 16, 2013 2:23:50 AM
I visited BI several times and had many phone calls prior to Sean's arrival out of concern about the direction BI was going. I was very close to concluding that BI would not make it because the cats were doing too much business out of the box. Other than the drop to .01 late last year (a take-the-loss-for-tax day) the status of the company is priced in. There has been almost a continuous downward slope with a zero intercept.
As Sean and his team go through the rubbish there will be some bad things found. That is better than OK. I don't expect to hear from Sean until the task is complete. Upon completion of their tasks I will have an investment in a statutory clean company - better than most other companies - and the DTC Chill will be removed as well as other problems corrected. The BI team can then put all their efforts into making money.
As an investor, I can't ask any more of a management team. I hope not to hear bits and pieces along the way only a "task complete" when done. The PR was excellent to instill confidence that we have the right people doing the job. For a 3 month old company management team these guys are doing a great job.
The slope of the curve is now turning positive. Upon "task complete" we will all see what BI can do in the real world with good management, seasoned BOD, top-notch sales crew and superior products. I doubt there exists any stock under 5 cents with the potential of BI.
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