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JustGoDeep

08/04/20 11:43 AM

#232130 RE: starkd748 #232129

Tell It To Apple, They Will Have Over-17-Billion-Shares-Outstanding!!

It is All About Market Cap.

Biel

Has a Tiny Market Cap.

4toSchool

08/04/20 11:46 AM

#232131 RE: starkd748 #232129

It doesn't matter how "tight-fisted" loyal shareholders are with their BIEL shares. KW and PW can wipeout nearly 67% of the value of the stock held by independent investors when they convert their ill-gotten notes to shares of BIEL. And, they can convert their notes AT ANY TIME THEY WISH.

Loyalty is an admirable quality. However, misguided loyalty can cause irreparable harm to the trusting party.

Simpsonly

08/04/20 11:58 AM

#232142 RE: starkd748 #232129

NOW, it should be clearly evident why it is so crucial for the Whelans to change the current IBEX convertible Promissory Notes to conventional interest-bearing debt. Keep enough to allot yourselves 6 or 7 billion shares, I don't care, but avoid the other 10's of billions of shares.

They have the most to lose, by not doing so, and the most to gain. The heavier the share load, the more the sp will struggle to rise to its potential and will have less sustainability. They, and all shareholders, will be hit by head-in-the-sand, defiance or gambling. Shareholders have lost too many times to have it happen, yet again.

And anyone suggesting, wait and see, fix the share structure after deals are announced, is naive. There will not be time. Fix the structure now, set the table, complete and announce deals, enjoy the meal. Waiting is missing out and going hungry on this one.

Wouldn't it be great to do just one thing early, after all the painful years of seeing the finish line and unable to get out of the toilet and losing? It's not difficult - plan for a winner and execute.