Reply.- what I stated was that I have done both; traded numerous times with one tranche of shares, while not with the other. Positive ROI on the former, negative on the latter. Very few shareholders have done that. Most are under water.
Another group has averaged down, on numerous occasions, and have no ROI, only a greater investment than originally intended and holding all for upside.
Third group, such as you described, bought and are holding and are in negative territory.
Your last paragraph - on balance, I don't think the CEO is running a scam, he may think he is, but I think he's only running a company full of potential into the ground.
Bad health, bad payables, bad sales, bad faith, bad manners and attitude toward employees, potential customers and shareholders, bad management skills and bad vision, but thinks he's the smartest guy in every room and interview he stumbles into. C'mon....opoids or opioids.
Name one other public company on earth that has one OCD man in his late 70's in rapidly declining health, showing signs of growing aberrant behavior in the 5 positions of Founder, CEO, President, CFO and Chairman of a BoD of one and who has expressed he wants to retire, but can't get out of his own way. Should have happened already. Kudos to those shareholders who were not just mean spirited who saw it, the overwhelming majority of well meaning shareholders did not and many still don't.
Didn't happen over night, never does, but that is who is running BIEL and our investment and every bit of this situation is available to those who take the time to read the various forums available to us all. If my opinion is incorrect, show me the US retail deals, the sales and profits and the signs of stable management. Show me one positive sign other that the CEO has expressed he wants to retire. That he can't seem to get out of his own way disturbs me greatly. If he doesn't do so quickly, in my opinion, insolvency will be his legacy for shareholders and his family forever, unless a cataclysmic event brings reality back to this situation and that is a change in management.
It's a common predicament and not complicated. It's just necessary and it can be fixed and quickly, as long as poor judgment, arrogance and hanging on does not prevail for much longer. If Whelan is mature enough, as a businessman, to recognize this company is flailing in the wind, full of hope but no vision, and does retire quickly, there's a good team in place and with a little help great things can happen and Whelan can say he did it!
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