Replies to post #89055 on Bioelectronics Corp (BIEL)

[RVC]

Simply-stated: the-evidence-warrants-maximum-penalties

https://www.sec.gov/litigation/apdocuments/3-17104-event-116.pdf

[NoPinkScams]

Is that supposed to be a good thing? $33 million over 15 years and all they had to submit to the FDA were 2 small-scale pro-bono clinical trials that couldn't make any substantive conclusions? Investors should be livid that they wasted all of that money and have nothing to show for it.

[RVC]

$33M-$5M-Disgorgement-->$28M-at-the-Whelans-family-discrecion

Division seeks $4,246,266 plus interest.....
Division seeks $397,196 plus interest.....

See page 36-40 & 46

https://www.sec.gov/litigation/apdocuments/3-17104-event-116.pdf

It does not take $33M to accomplish what BIEL has delivered over the 10+ years. Where did the ~$23M go?

If one speculates $250k to $500k per family member per year over 10+ years ...... one can start to arrive at a reasonable explanation for where the $33M went.