Replies to post #71917 on Bioelectronics Corp (BIEL)

[RVC]

Maybe-those-with-fiduciary-responsibility-to-the-company should have reduced their standard of living and placed more revenue into the company, then we would not be where we are today.

FDA is not the problem, the problem is the data presented to the FDA was botched and those in decision roles at the company violated FDA rules by selling the product retail when not approved. Thus ended up in the longest queue for every possible process. Now are in a even longer queue, potentially a never ending queue at this point.

IE: Mess up at the DMV and end up at the end of the longest line.

[Det_Robert_Thorne]

Registration with SEC both choice and requirement

If a company wants to list itself on the OTCQB, NASDAQ, NYSE, etc, registration with the SEC is a requirement

OTOH, SEC registration isn't required with OTC Pink Sheet stocks.

BIEL probably shouldn't have registered with the SEC, but instead become a pink sheet stock and then register with the SEC when profitable.

Maybe they thought that if they were SEC registered with a patented profit, it would be easier to get larger investors to buy restricted shares at a higher price to fund the company, but that never worked out and the stock price fell low enough that they were stuck with SEC registration and a low stock price that either meant convertible debt sold to outside investors or the scheme that they eventually came up with, using friends, family and IBEX.