Bioelectronics Corp (BIEL)

[askjsell]

"FDA COMING VERY SOON!! 2016 YEAR of BIEL!!!"

It appears that management deliberately mislead shareholders when the CEO firmly stated there was 'no reason' why the FDA won't approve by the end of the year. At the same time, management increased the share count by a massive 35%.

There is no FDA coming. If the FDA were coming, there would be no need to increase the share count. Remember, shareholders were told of a massive $50 million deal that is waiting for FDA approval. With $50 million waiting patiently on the sidelines, there would be no need to increase the share count once the FDA approves.

BIEL's increase in the share count is a clear sign of FDA rejection. However, management will no admit this as they have 4 billion shares to dump.