Bioelectronics Corp (BIEL)

[askjsell]

"what, if any, impact this will have on the pending FDA decision."

The FDA has not granted approval....this will have no impact and the decision has already been made.

Why do you think the stock is in the toilet? Yes, because of the SEC investigation...but also because there is no chance of FDA approval. If anything, the SEC investigation assures that the FDA will never approve BIEL's products in the future.

But most likely, the SEC fine will wipe out the company. Also, there is likelihood retailers will discontinue selling these products...which typically happens when a company is under investigation. Retailers do not want their reputation tarnished by carrying products of a company who is under investigation.

Essentially, BIEL is toast.