Replies to post #73216 on Bioelectronics Corp (BIEL)

[RVC]

"Read-carefully"-now-thats-some-rational-unemotional-advice

Do not have to read very far, the allegations substantiate what has been suspected for many years.

http://www.sec.gov/litigation/admin/2016/33-10036.pdf
...REDACTED.... engaged in an illegal distribution of purportedly unrestricted
securities involving the sale of hundreds of millions of BIEL shares. Affiliates,
....REDACTED.... sold purportedly unrestricted shares in unregistered transactions
at a discount to then-current market prices. ....REDACTED.... President, CEO and the
principal financial officer of BIEL, and .....REDACTED...... orchestrated the illegal
distribution. Approximately half of the proceeds of these sales were then “loaned” to
BIEL and the other half was retained by the entities. The offerings were not registered
with the Commission. .....REDACTED..... failures to detect BIEL’s improper accounting,
as the auditor responsible for auditing the financial statements included in BIEL’s
Form 10-K, constitutes improper professional conduct.