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Thursday, October 01, 2015 9:45:43 PM
What really is happening is the classic OTC-PINK Pump-N-Dump!
Because this company is a mess! If you look, the CEO sold 25k worth of stock, bought an innovative award, and got caught when PR-ing the said award like BIEL was making strides. The CEO bought a fake award to draw hype. That was 8.5 billion shares ago. The same CEO who sat on all 3 FDA denials through half a summer while still PR-ing hope, yet was found out all 3 had been denied weeks prior. The CEO kept it "hush hush" and was caught by shareholders who uncovered it.
AND DON'T FORGET;
BIEL was also caught by the FDA trying to sell in the US in 2012 without clearance. Boy the nerve of them! This is shortly after capital requirements kicked them off full reporting markets.
THE BIEL REASON FOR DELISTING STATEMENT...
"“The Board did not take this decision lightly. However, after consultation with our attorneys and auditors it became clear that the expense and resources necessary to meet the SEC’s reporting requirements were too much for a firm this small,” said Rick Staelin, Chairman of the BioElectronics Board. “We have decided to instead focus our limited resources on meeting FDA requirements and new marketing and sales efforts.”
And, what gets me is, 9 months after this statement about "meeting FDA requirements and focus our limited resources", they are caught by the FDA trying to sell in the US without clearance! LMAO
http://www.fda.gov/ICECI/EnforcementActions/WarningLetters/2012/ucm292029.htm
http://lisabarger.typepad.com/altmed/2012/02/allay-actipatch-hawkers-warned-by-fda.html
http://www.bielcorp.com/bioelectronics-files-form-15-with-securities-and-exchange-commission/
Biel is a "Known SHARE SELLING SCAM". All the Toxic debt is provided by his Daughter's company. You can see the 1000 share orders to lift it off the bottom. Dont get stuck in here when it dumps back on no new news, but just a hyped mess.
BIEL DUMPING 10.7 MILLION SHARES PER TRADING SESSION ON AVERAGE.
Or, sometimes on Form-T After-Hours trades;
Everything I say and write is my opinion and my opinion only. Do your own due diligence when investing
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