BTL Chairman Markhelm Lizarraga has publicly addressed growing concerns regarding the company’s lack of transparency in ongoing business negotiations, citing binding non-disclosure agreements as the primary constraint. Speaking on January 9, 2026, Lizarraga emphasized that while the press has circulated potentially inaccurate information, BTL remains legally prohibited from discussing specifics due to its status as a private company engaged in confidential dealings with other private entities.
The chairman explained that all company directors are bound by strict NDAs that prevent disclosure of negotiation details, though he attempted to provide context about the process without violating confidentiality. Lizarraga assured stakeholders that once negotiations conclude, BTL will provide full disclosure of the outcomes. His remarks highlighted the tension between corporate privacy requirements and public demand for transparency, particularly noting his wish that media organizations were similarly bound by non-disclosure agreements.
The statement comes amid increasing public scrutiny of BTL’s operations and follows recent developments including Zach Reich’s withdrawn complaint, though the chairman did not directly address whether these events were connected to the current negotiations. Lizarraga concluded by asking for understanding and respect for the confidential nature of the proceedings while promising future transparency upon completion of the process.