Bioelectronics Corp (BIEL)

[uksausage]

reads to me like the agency has a bunch of amateurs who are trying to shout the loudest (sounds familiar).

I keep reading about a lack of understanding of the cases presented as references for the actions and complete lack of proof. I love the IBEX and BIEL are not jointly controlled arguments.

There is absolutely no evidence of it being a money making scam as why would restricted shares beheld for 4 years (when only 6 months needed)

the most this is is a difference in interpretation of the law for registering shares, BIEL took advice and it now seems that may (or may not we will find out) have been bad advice. nothing was ever kept from the shareholders and some of the parties involved have in vfact lost money not got any personal ill gotten gains.

So what is the [penalty for taking legal advice and then finding it wasn't correct? The accountants/lawyers involved actually aren't part of the case which has always puzzled me and is why the judge could still trow it all out. Otherwise fines may be in tens of thousands and may be a directorship bar but its looking less likely