"The company Spng was a true pump and dump scam they did 250 million worth and they were sued civil and criminally Biel situation is not a civil action its a administrative you can't compare the two..."
SPNG started as an Administrative Order and didn't become a civil case until 7 months later.
"biel has never seen a quarter of a billion dollars lol"
True, and it never will. But they did make $$$ millions, according to the Administrative order. If the SEC went this far, they intend to see it through, and this looks like a slam dunk to me.... making BIEL a perfect candidate for setting an example for pinksheet scam operations in every sector, not just biotech.
We all know that the Pinksheets is the Wild Wild West. The SEC knows this too. If they want to make an example of someone, BIEL looks like a good whipping boy.
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