As I alluded to in my earlier post, doing the right things will help all shareholders financially and go a long way to eradicate the toxic stench left.
The math is very simple. Every shareholder should do it on their own and see first-hand what the upside really is. But, someone had better move quickly to start removing the toxic stench of dictatorship and healing this company or prepare for total financial ruin because this puppy is breathing fumes.
For example, take shares and potential shares held via Promissory Notes held by the Whelan family and IBEX et al. That's about 35 billion shares. Add what the rest of us have. That's about 27 billion shares. Total 62 billion shares. Multiply it by today's pps and you have market cap - X millions of $$. - what the market says BIEL is worth today.
Now the good parts. Reduce the shares the Whelans have/control (35billion + -,) by 28 billion, leaving them still as largest shareholders with 7 billion shares. Those shares get cancelled, trashed, burned. Having just reduced the number of shares by 45% or so to approx 34 billion, divide the previous market cap dollar value by 34 billion and you have the new pps.
Same week, announce the new interim CEO, call a Shareholder meeting, announce the formation of a BoD of 5 to 7 Directors, list the candidate Directors to be voted on, and state clearly the corporate ambitions, without revealing business tactics and then implement corporate goals of U.S. retail deals and sales ASAP.
Call it a recipe for success. Having done the math, each shareholder can now estimate what they believe a reasonable pps might be. ActiPatch is brilliant, its potential is brilliant, but it needs fresh air to blossom. It can happen easily, but without the first step - the surrender and cancellation of 28 billion shares, the company continues to suffocate in the toilet.
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