Tuesday, October 20, 2020 1:11:53 PM
After the Supreme Court ruling, the SEC was faced with scheduling hundreds, if not thousands, of retrials. I believe that BIEL, having made a settlement offer, and having no money, was not worth the SEC's time.
Keep in mind that years earlier the State of Maryland also fined AW for selling unregistered shares and he agreed to never repeat that criminal behavior. Based on the subsequent events, AW didn't fulfill his agreement to cease-and-desist.
Keep in mind that the SEC levied fine now sits on BIEL's balance sheet as a liability to be paid with company dollars. This is an insult to injury as KW has defrauded investors of their assets, was fined by the SEC, and her victims will pay the SEC fine.
All of my comments are based on my own due diligence and are only my opinion. Please conduct your own due diligence and research before deciding whether to buy or sell any stock. My posts are for entertainment only.
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