After the dumping of shares yesterday I called the CEO of BIEI, William (Bill) Hartman. We had a long and great conversation. There were a series of questions I asked. The main thing that I learned is that the plan is not to repeat how the company dumped shares and ended with a reverse split. He has different plans this time moving forward that should not screw shareholders this time around.
I found Bill to be very genuine, but not really market savvy. My first questions of concern evolved around me asking him about the notes and note holders of the convertible debentures. He was not expecting for them to dump like they did yesterday. He told me that there are three of them. He was surprised that they came back to him to ask for more shares. He denied them. That leads me to think that they are either done or nearly done with the tranche of shares they had. I think it's obvious that they don't care about him and the shareholders and what people are going through during these difficult times. He was very disappointed and shocked that they dumped like they did to hurt the stock yesterday. Without going into many details, after talking with him more, I believe that he truly does have a huge plan for success that involves 100% non-dilutive measures to BIEI going forward. I do believe that he cares about the shareholders.
I asked him about a tweet that someone sent me about the deal and connections with a major university to further develop what they have that was recently released in the news. He said that it was true and that they have a lot more coming to tell about what they have. He truly believes that they have something huge that will help people with the coronavirus (COVID-19) situation.
After doing my own research, I believe him. I've learned of some other information that's pretty powerful that at some point in time I will post. I didn't before because I wasn't sure of the situation with the notes and the intent of the company to move forward. I just want to make sure more of the dust have truly cleared.
I called the number that's listed in the recent PR that was released. Anyone can call as he does pick up which is a good thing. Most CEOs hide from their investors and won't talk to them. Here's the PR again for those who have not seen it yet: