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The-day-before-the-PPS-dropped-from-0.001-to-0.0004
Thus the factually correct accuracy in the prediction and the post.
Accountant-will-likely-document-information-provided-from-company
Accountant is likely just a proxy for the ledger the company is liable for
Read-the-SEC-court-filing-seems-clear-not-simple-adminsitrative-proceeding
https://www.sec.gov/alj/aljorders/2016/ap-3761.pdf
.... professional misconduct represents
.... both reckless and negligent conduct
.... highly unreasonable conduct
.... violation of professional standards
.... repeated instances of unreasonable conduct,
.... indicate a lack of competence to practice before the Commission
motion-is-DENIED-AS-MOOT,request-is-therefore-DENIED
These are not allegations, these are court decisions
Probably similar to how the FDA has responded in the past.
On the street can be interpreted as the Judge telling the accused: "Get Real you clown"
Assume this reflects on the caliber of legal counsel involved.
Should never have presented the request if Judge had chance to deliver a decision as insightful as "DENIED AS MOOT"
"motion is DENIED AS MOOT" then "request is therefore DENIED."
Gotta love the direct and irrefutable language that legal filings contain. Cant make this up......
https://www.sec.gov/alj/aljorders/2016/ap-3761.pdf
....motion is DENIED AS MOOT
....request is therefore DENIED
Seems aligned with previous legalese being applied:
Pertinent keywords/statements as stipulated by the SEC
--> http://www.sec.gov/litigation/admin/2016/33-10036.pdf
....inaccurate public disclosure
....unlawful distribution of securities
....falsely recognizing revenue
....overstated BIELs revenue by $366,000, or 47%.
....engaged in an illegal distribution of unrestricted securities
....unregistered transactions at a discount
....orchestrated the illegal distribution.
....half of the proceeds .....was retained by the entities
....offerings were not registered with the Commission.
....constitutes improper professional conduct.
Utterly smashes any speculation that the parties have agreed to walk away with simple "clerical/administrative" matter.
Hogwash-find-one-legitimate-company-that-uses-single-family-lender
Especially a company that has floated over 11B shares and continues to leverage TOXIC Dilution campaign to milk money from unsuspecting
and or ill-advised investors.
No-Comparison, the number of references to TSUNAMI in last few weeks dwarfs any of the topics referenced
Maybe juts being overly critical, sorry, just prefer to reference facts instead of what-ever TSUNAMI represents.
Irrelevant as to bullish or bearish, over use of a concept reduces the impact
Likely why company leadership is no longer publicly predicting when FDA clearance may hit.
Can-we-move-beyond-the-TSUNAMI, Ever read the story about "The boy who cried wolf"
Once the company releases tangible financial data the PPS will move.
Yelling big and bold about super mega tsunami carries little value
Potentially-convicted-of-SEC-violations-is-NOT-irrelevent
ADD/ADHD.....
Unable to associate posts with context of topic pertaining to BIEL the company.
You-obviously-are-unable-to-assimilate-previous-topics
The previous posts were sharing a general understanding of how much revenue is allocated to the PRNewsWires, just to try and understand overhead expenses.
There was not one iota of complaint, the topic was about trying to squeeze out some transparency from these dingleberries
Just-realize-similar-loyalty-is-expected/assumed-towards-investors
Shows a level of character that again undermines investor confidence
If the company shows this kind a loyalty to a reputable employee/service you can only imagine how much they are laughing all the way to the bank at investors funneling hard earned money into the TOXIC dilution campaigns
At-minimum-shows-zero-loyalty-to-viable-employee/service
As stated and reiterated, no viable company on the verge of a TSUNAMI of profits is going to throw a loyal and well informed employee and or service company under the bus.
Only rational assessment is the projected TSUNAMI of profits is pure speculation driven by irrational exuberance and they needed to divert significant portions of the TOXIC dilution revenue stream to covering mounting SEC legal defense expenses.
Calling-it-what-it-is-"BS"
No way a company on the verge of a TSUNAMI of profits is going to let go an individual who has years of IP and has to date not hurt the company. Unlike the leadership who has on multiple occasions actually undermined the companies potential at the highest levels feasible with SEC Filings, which destroys a brand.
DOH!-they-have-speculators-suggesting-waves-of-profit-coming-in
Unless, as also speculated they continue to loose money of every item sold and for some un-explainable reason can not get from under undocumented overhead expenses.
IR-->"We no longer assist BIEL"
Is this confirmed, why would they walk away from a purportedly sure thing "TSUNAMI" unless they are trying to avoid something they have insights into.
With all the speculation about piles of profits, surely can not be about the economics, especially when company continues to allocate investor capital in PRNewsWire feeds.
For every piece of promising news, seems like another irrational topic is uncovered.
No-enjoy-your-commentary-just-suggesting-you-can-always-ignore-me
Definately-looking-for-an-ROI-on-position-held
Agree-company-not-obligated-just-irrational-to-not-PR-FDA-progress
However good business planning and investor support would benefit from confirming any FDA status change that would help to move the FDA process forward.
IE: Why did company allocate marketing expense to PR's regarding NHS....
Would seem irrational to PR NHS progress and not PR FDA progress.
Especially since we are talking about publicly available information.
http://www.bielcorp.com/bioelectronics-and-b-braun-medical-ltd-apply-for-prescription-payment-clearance-on-the-uk-drug-tariff/
-->FREDERICK, MD. Feb 18, 2016 — BioElectronics Corporation (OTC Pink: BIEL), the maker of advanced consumer medical devices, announced today that B. Braun has initiated the application for a listing of RecoveryRx® on the National Health Service (NHS) drug tariff (http://www.nhsbsa.nhs.uk/PrescriptionServices/4940.aspx).The UK drug tariff list establishes payment for prescription costs in the UK.....<--
Company-has-not-"recently, last +90 days"-confirmed-any-change-in-any-FDA-filings
If there were any positive actions by the FDA would have expected the company to release a PR substantiating any speculation.
You-have-any-company-statements-that-refute-FDA-rejection-of-510k- submitted back in August?
Historical company precedence of not disclosing FDA status suggests higher probability of denial or similar than "put a stamp on it and send in the mail" or "no reason why we should not have clearance by end of year 2015"
IE: Company has established a precedence of not being credible and hiding information from investors
Accountant-will-likley-claim-insufficient-information-or-mislead
Doubt accountant will fall into a collusion path.
Academic-accounting-is-not-at-work-here
The problem is the overhead is not being itemized to a level that makes sense, too much shinanigans that need to be accounted for.
If the company focused efforts on following proper business practices maybe SEC would not be bringing them to court and FDA would actually respectfully respond to submissions.
Basically, company has a severe credibility problem that seems to be manifesting itself with some pretty important entities.
IE: FDA & SEC
Too-funny-unable-to-assimilate-the-concepts-being-presented
The intent is to convey the PR's are cheap, so, where is all the money going that is above the costs of goods sold?
Not sure how much the legal expenses are, but undoubtedly investors will be funding some significant legal expenses to defend against the SEC filings that stipulate the following key constructs that hopefully are within the realm of assimilation:
As noted, excerpts directly from the original SEC filing:
--> http://www.sec.gov/litigation/admin/2016/33-10036.pdf
....inaccurate public disclosure
....unlawful distribution of securities
....falsely recognizing revenue
....overstated BIELs revenue by $366,000, or 47%.
....engaged in an illegal distribution of unrestricted securities
....unregistered transactions at a discount
....orchestrated the illegal distribution.
....half of the proceeds .....was retained by the entities
....offerings were not registered with the Commission.
....constitutes improper professional conduct.
Costs-associated-to-the-PRNewswire-why-BIEL-looses-money-on-every-item-sold
https://www.quora.com/How-much-does-PR-Newswire-cost
3 Top Market Newslines- $1,552.50
5 Top Market Newslines- $2,443.75
3 US1 Newslines- $2,146.50
5 US1 Newslines- $3,378.75
Trying to rationalize why company continues to loose money on every item sold. Where is the money going? Surely not in the expenses associated to these PR's
Disappointing company does not provide a level of detail that helps investors to understand why to date they continue to loose money on every item sold
If company had projection for profitability they would be sending out a PRNewswire to help build confidence in the economic viability.
Agree-SEC-filing-is-good-legally-speaking not confident from a shareholder perspective could go either way and probabilities are will go against the buy & hold long term investor
SkyRocketing-is-ambiguous-every-item-sold-results-in-further-losses-to-date
Been-there-done-that-his-hands-are-tied
Dont-think-SEC-deals-in "He Said She Said"
Review the filing:
Pertinent keywords/statements as stipulated by the SEC
--> http://www.sec.gov/litigation/admin/2016/33-10036.pdf
....inaccurate public disclosure
....unlawful distribution of securities
....falsely recognizing revenue
....overstated BIELs revenue by $366,000, or 47%.
....engaged in an illegal distribution of unrestricted securities
....unregistered transactions at a discount
....orchestrated the illegal distribution.
....half of the proceeds .....was retained by the entities
....offerings were not registered with the Commission.
....constitutes improper professional conduct.
How-can-SEC-filing-be-categorized-as-"unimportant"
Suggest reviewing key terms as stipulated in SEC filing:
Pertinent keywords/statements as stipulated by the SEC
--> http://www.sec.gov/litigation/admin/2016/33-10036.pdf
....inaccurate public disclosure
....unlawful distribution of securities
....falsely recognizing revenue
....overstated BIELs revenue by $366,000, or 47%.
....engaged in an illegal distribution of unrestricted securities
....unregistered transactions at a discount
....orchestrated the illegal distribution.
....half of the proceeds .....was retained by the entities
....offerings were not registered with the Commission.
....constitutes improper professional conduct.
Suggestion-reflects-ineptitude-with-respect-to-understanding-what-company-can-or-will-share
Besides, any information shared would 1st need to be publicly available.
Suggestion corroborates ineptitude at a general level
Irrelevant-company-looses-money-on-every-item-sold
Obviously, u have not completed the math problem to completion.
Tone-suggests-"newb" , advise-->don’t count your chickens before they hatch
If you had really followed this stock for more than 5 minutes you would be conscious of "been here done that" on many previous occurrences.
Are you a trader or a long term investor?
All and I do mean ALL long term investors loose on this stock.
Unless you are a trader.
Basically, stop gloating and have a good day, night, life......
DOH-->Date-Received-07/23/2002,Decision-Date-08/08/2002
http://www.accessdata.fda.gov/scripts/cdrh/cfdocs/cfpmn/pmn.cfm?id=k022404
soon-very-soon-may-be-occurring-anytime-after-never
Gotta-love-attention-to-detail->"This means anytime. It could be today it could be next week."
"could be today" --> FDA Rejection formally communicated
"could be today" --> SEC Charges Substantiated and perpetrators begin penalty phase
"could be today" --> TOXIC Dilution level reported on monthly basis
"could be today" --> Profitability projection date
"could be today" --> Entities discontinue pocketing ~50% of stock sales revenue
"could be today" --> Unit volumes sold through PR'd channels reported on monthly basis
Soon-very-soon-whats-the-definition
Does anybody have a speculative definition of any of these soon's?
Keep reading soon, very soon, but have lack of any definitive dates.
FDA Rejection formally communicated
SEC Charges Substantiated and perpetrators begin penalty phase
TOXIC Dilution level reported on monthly basis
Profitability projection date
Entities discontinue pocketing ~50% of stock sales revenue
Unit volumes sold through PR'd channels reported on monthly basis
Per-most-recent-company-financials-TOXIC-Dilution-continues
Conjecture & Speculation when suggesting dilution is not ongoing.
Speculation-and-Conjecture-will-not-provide-investor-ROI
The company generates measurable revenue selling shares to unsuspecting investors
Apply DD when interpreting speculative opinions
Credibility-on-both-topics-is-very-low
SEC Action going away and or Profitability near term are similar in unreliable speculation on both points.