Bioelectronics Corp (BIEL)

[RVC]

throwing-Investors-money-out-the-window-other-50%-funding-lifestyles
Financial reporting from company shows company looses money on every sale.

It's not the companies money, the company is using ~50% of investor capital, so investors essentially bought the marketing award. The other 50% according to the SEC is in somebodies pocket.

Pertinent keywords/statements as stipulated by the SEC
--> http://www.sec.gov/litigation/admin/2016/33-10036.pdf

....unlawful distribution of securities
....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