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Steve43

11/21/19 10:41 AM

#205269 RE: pennytiger #205259

It’s not shareholders that need convincing, it is the entire investment community that needs to be convinced. Shareholders seem to be elated at the opportunity of accumulating more cheap share instead of demanding an end to the world of trips. I always thought and pushed for advancing upward with the pps. I always thought that was the Company’s and shareholders priority. This ship is not turning, it is sitting dead in the water waiting for the Captain to do something. The investment community knows our past and doesn’t believe up to this point anything has changed, the names are still the same. We have deals sitting there forever collecting dust, sign one, do something. The newsletter BS is getting old and no one believes them. We are who we are and need to change that horrible image. JMHO GLTA
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Simpsonly

11/21/19 1:47 PM

#205319 RE: pennytiger #205259

If folks knew how few transactions and how few dollars had been transacted involving independent shareholders and how many such transactions had involved others, since 2008, there would never be another word said or written about the matter. No question that without such transactions, the company would have closed sometime around 2010.

Only thing left to ensure the success of BIEL is serious consideration of the need for Whelan interests to surrender and cancel say 28 billion of approx 35 billion shares they own/control thru IBEX and St. John's (Andy/Patricia Whelan) and retain 7 billion shares of the total 62 +- pool.

By doing so, the probability of Whelan immense wealth rises significantly, as the total pool would become 34 billion or so shares, down from 62 billion shares +-. Without such a reduction, the current bloated toilet pool of shares remains at 62 billion shares. Would you rather own 35 billion shares of 62 billion shares trading in the toilet and strangled or 7 billion shares of 34 billion in a much more nimble and dynamic company? And if the latter better ensures your wealth-building?