Bioelectronics Corp (BIEL)

[4toSchool]

All those words are utter bullshit.

Here's the TRUTH:

AW and KW got lucky with the TIMING of the Supreme Court's decision in SEC v. Lucia (with which I agree was the right decision). The SEC couldn't retry all cases and therefore prioritized their resouces. BIEL had no money and was deemed too small to pursue, and AW and KW submitted an Offer of Settlement to the SEC, which was accepted.

AW and KW were both banned from participating in an offering of penny stock, including engaging in activities with a broker, dealer, or issuer for purposes of issuing, trading, or inducing or attempting to induce the purchase or sale of any penny stock.

AW died before the fine became due. Yet KW hasn't paid the fine that she proposed to the SEC, and it now sits on BIEL's balance sheet as a shareholder liability. Interest is accrueing pursuant to SEC Rule of Practice 600. She willingly made the offer to the SEC and yet she hasn't paid the fine, and it is now a shareholder liability. This is sick.