Bioelectronics Corp (BIEL)

[RVC]

Too-funny-unable-to-assimilate-the-concepts-being-presented
The intent is to convey the PR's are cheap, so, where is all the money going that is above the costs of goods sold?

Not sure how much the legal expenses are, but undoubtedly investors will be funding some significant legal expenses to defend against the SEC filings that stipulate the following key constructs that hopefully are within the realm of assimilation:


As noted, excerpts directly from the original SEC filing:
--> http://www.sec.gov/litigation/admin/2016/33-10036.pdf

....inaccurate public disclosure
....unlawful distribution of securities
....falsely recognizing revenue
....overstated BIELs revenue by $366,000, or 47%.
....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
....offerings were not registered with the Commission.
....constitutes improper professional conduct.