Bioelectronics Corp (BIEL)

[stockdarockk]

THIS IS NOT GREAT NEWS...Actually its pretty bad...
https://www.sec.gov/litigation/apdocuments/3-17104-event-25.pdf

Comb your way through this and you will see that any SEC action WILL NOT result in any shares being returned to the "treasury" as you put it. The amount of dilution and illegal activity has been dispersed into the public arena. Shares of the illegal activity have easily changed hands over a few times. No one involved in this scandal holds any large positions. If you dont hold "Billions" as you put it, theres ZERO chance of getting shares down by being returned. The mess these guys are in is FRAUD. And they will be made an example of(Second Offense). If you scour through the link, you can see this is not a small amount of money. And the higher the level of money involved, the stiffer the penalty will be.
https://www.sec.gov/litigation/apdocuments/3-17104-event-25.pdf

BIEL, its officers, and some outsiders, are in some very hot water. NONE of ANY of this, is a good thing. Fines, levies, fees, and suspensions wont be able to be absorbed here, and anyone holding out, for thinking this is going to get "good", will be sadly mistaken. Holding and watching it drift from levels not even justified by financials, surely wont support legal fees, fines, etc.. Not to mention the everyday cost of business. BIELs hemorrhaging got a whole lot worse. The near future will be disastrous for shareholders.
https://www.sec.gov/litigation/apdocuments/3-17104-event-25.pdf