Bioelectronics Corp (BIEL)

[Brabo]

Management does everything wrong...
...and there is no end to it.
This FDA problem illustrates it once again.
They knowingly (or, which would even be worse, unknowingly) violated FDA rules ("The Act") and it blows up in their face.
False unproven therapeutical claims, omitting clauses as to the need for prescription, .. it goes on and on.
They were amply forewarned given a.o. the various posts on this board.
Does it matter that they've lost all credibility? Of course, it's another blow to PPS, and it will turn out to be a serious one.
Earlier suggestions for BIEL as to sit completely still and do not waste money until FDA approval make more and more sense: that way they cannot commit the monstruous mistakes of this kind. Yet the clown who thinks he's some CEO of this firm still doesn't realise the time he should step down is long overdue.
As I've said before my nephew of 6 years (but he's now about seven) would do a better job at running this company.
Kudos to Stockdarockk for bringing this to the board.