Bioelectronics Corp (BIEL)

[uksausage]

I am just hoping that big government isn't going to force a small company to shut down or sell itself just before we get a break through the President of the united states has been asking for.

Why is it so hard for a company to do business in the USA? They "delisted" from the SEC in 2011 because it was costing $10,000 + just to be registered per year. For a small business having to fund all their development and at the time pathetic attempts to get market acceptance in Canada they couldn't justify to the shareholders the cost.

Where and when do shares have to be registered?

IMHO the accountant involved is in far bigger mess as he should have been the one giving professional advice - I certainly don't know where to register shares - in the company I am an EVP of we use a spreadsheet.

I cannot stand people on these boards relishing in the misfortune of an ex-Marine who is trying to solve a major health crisis and being hit from all sides by the US Government instead of being helped.

Why didn't the SEC call them when first notified and say "we see you have raised the A/s to x million and cannot see any registration of those shares?" Could have all been sorted out years ago, by not doing that the SEC is party to the crime.

I wasn't happy with the IBEX arrangement - I would prefer all companies to sell shares on the open market to get cash when needed - but it was better than the traditional loan sharks out there. I also knew what was going on they were not hiding anything from anyone. They even were doing voluntary filings with Maryland on extending the Authorized share count.

Most of the SEC's facts are because it was set up as a revolving credit facility not a one time loan. Seems that missed their level of understanding. As stated earlier they are factually incorrect so I hope they are able to get the Administrative appointed by the SEC judge to throw this one out.

As a shareholder I INVESTED in the company so they could save lives. In recent years they got their marketing in order (may be helped by the development of internet services) and was looking forward to enjoying the benefits of my investment with them. I hope there is a class action suit for the shareholders to ask questions of the SEC and while we are at it the FDA.