Replies to post #72745 on Bioelectronics Corp (BIEL)

[RVC]

Positive-outcome-for-investor-very-low-probability
General opinions as follows:
o SEC would not proceed with filings/actions against penny-stock unless outcome very deterministic, if SEC had not taken action they could potentially be found to be negligent in meeting fundamental responsibilities to the public
o Past SEC actions filed against similar company individuals resulted in substantiating the requests to cease & desist
o Given multiple occurrences and failure to comply with underlying intent of previous cease & desist, current remediation/penalties will be far more severe than previous penalties

o Highest positive outcome for product innovation would be the company assets/IP will be forced sold to company like Boot's to take product line and benefit to public forward.
o Any benefit to investor will likely be similar to Bankruptcy proceedings

[fuente]

This will not be determined any time soon. Current investors won't be made whole in any way. This will drag out until at some point, 300 days from now, the Whelans will settle without admitting guilt. There will probably be a fine and they will be banned from ever participating in a publicly traded company in the future.

This is typically how almost every case like this pans out.

The fines will be nothing compared to the money they have funneled into their private accounts off the backs of the shareholders. But, it is what it is.

It's unlikely a halt will occur. It is slightly more likely that a DTCC chill will happen based on all of this.

The real issue is that the faucet has been turned off. No longer with Andy be able to 'raise' funds in the way that has violated, what, 10 SEC rules (or whatever the filing states)?

Oh, and the FDA? I'm not sure that that's coming any time 'soon', either.