Actually talk is expensive.
The Whelan's have been talking for nearly two decades, during which they burned through millions of dollars of investor money and still no significant revenue. Did I mention that they've also pocketed millions of dollars during this same time?
Oh, and there are about 40 billion more shares on there way as toxic convertible promissory notes are scheduled to hit the OS. AND, Kelly "ill-gotten gains" Whelan stands to profit from most of those notes.
Now Kelly could unilaterally fix much of the stock structure problem by:
1. accepting repayment of the note principal along with the interest due. However, she's consistently messaged that she isn't going to take this stockholder friendly action, and chooses to grab as many shares as she can, even if the SEC has already told her that the wealth she aggregated, and continues aggregate are "ill-gotten gains".
2. Assuming she is correct that BIEL will soon be rolling in profits, outline a stock repurchase plan.
IMO, it is more likely that her mom and Chairman of the Board will award Kelly some exorbitant bonus that drains all profits from BIEL than it is for Kelly to fix the share structure in an investor-friendly way.
News 
Market Data 
Discover 
AI
